Stimulus Too Weak, Too Late – Cat CEO

Obama visited Caterpillar’s Peoria headquarters Feb. 12, the last day of his campaign to pressure Congress to approve the stimulus. Owens is a member of the president’s Economic Recovery Advisory Board

Still, Caterpillar is disappointed with the package. Company officials say that while spending on infrastructure will increase, the total impact on construction spending will be limited.

Caterpillar isn’t alone in criticizing the U.S. stimulus package for inadequate spending on infrastructure.

Experts ranging from liberal economist Paul Krugman to conservative publisher Steve Forbes have registered the same complaint. Read More

Obama has made the economy crisis worst instead of better. Will anyone have a job if he keeps on the path of bankrupting America? Obama does not seem to care about what the American people think and he is more worried about protecting the Muslim terrorist in Gitmo!

Advertisements