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post #1 of 2 (permalink) Old 02-12-2009, 04:15 PM Thread Starter
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Obama said , CEO said

The earlier the country adjusts away from its real estate / related construction economy, the better; the stimulus in fact delays that necessary retargeting of the workforce.

ABC News: CEO Contradicts Obama on Rehiring Employees

"Yesterday, Jim, the head of Caterpillar, said that if Congress passes our plan, this company will be able to rehire some of the folks who were just laid off," Obama said today in Peoria.

But when asked today if the stimulus could do that, Owens said, "I think, realistically, no. The honest reality is we're probably going to have more layoffs before we start hiring again."

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post #2 of 2 (permalink) Old 02-12-2009, 05:52 PM
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Government bailouts? The only thing we are stimulating is a deeper depression. If the government keeps handing out money (the big three and fannie/fredie - great examples) it will disturb the natural order of life, its akin to playing God, if a business is going to fail then maybe it should, sometimes you must thin the herd to keep the health of the others strong.
But that's just my opinion.


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