February 11, 2009:
Obama said Caterpillar’s CEO has told him that if the stimulus bill passes he would be able to rehire some of those employees.
February 18, 2009:
President Barack Obama signed his $787 billion economic stimulus package into law Tuesday, with an upbeat speech emphasizing the road to recovery.
March 18, 2009:
Caterpillar Inc, the world’s largest maker of construction and mining equipment, notified an additional 2,454 workers in three states on Tuesday that they were losing their jobs as the company continues to try to bring production in line with plummeting demand.
How good is it that the New York Times is looking to borrow money in a down economy with a shrinking revenue base? Apparently the Schultzberger family will take out every penny before going to the government for a newspaper bailout.
And the Tribune Company (LA Times, Orlando Sentinel, Cubs, etc.) sure didn’t last long with their little buyout. They go down in flames with $13 billion in debt and $7.6 billion in assets.
The Obama cheering section continues to get thinner and thinner in the dead stream media ranks.