March 18, 2009
Juxtaposition

February:

Talented political performer that he is, Obama primed the audience by promising that Caterpillar would give some workers their jobs back if Congress passed the rescue plan.

"The chairman and CEO of Caterpillar said that if the American Recovery and Reinvestment Plan passes, his company would be able to rehire some of those employees," Obama said in a speech in Virginia yesterday.

March:

Caterpillar Inc. on Tuesday announced plans to lay off more than 2,400 employees at five plants in Illinois, Indiana and Georgia as the heavy equipment maker continues to cut costs amid the global economic downturn.

Among the affected workers are 1,726 people at plants in Illinois. They include 911 workers at a plant in East Peoria that makes track-type tractors and pipelayers and 815 at a plant in Aurora, where the company produces hydraulic excavators and wheel loaders. Caterpillar notified the employees Tuesday of the layoffs which are expected to last at least six months starting in June.

Wonder if these jobs are some of the ones that the stimulus plan was supposed to save.

Posted by E. Frank Stephenson at 08:57 PM in Politics

The statesman who should attempt to direct private people in what manner they ought to employ their capitals would not only load himself with a most unnecessary attention, but assume an authority which could safely be trusted, not only to no single person, but to no council or senate whatever, and which would nowhere be so dangerous as in the hands of a man who had folly and presumption enough to fancy himself fit to exercise it. -Adam Smith

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