Pres. Obama's $787B stimulus package "missed an opportunity to correct past underinvestment in...


Pres. Obama's $787B stimulus package "missed an opportunity to correct past underinvestment in U.S. infrastructure," Caterpillar (CAT) says in a Q&A tacked on to its Q1 earnings report. It's harsh criticism, considering CEO Jim Owens is a member of the president's Economic Recovery Advisory Board.

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Comments (6)
  • Jake Huneycutt
    , contributor
    Comments (1422) | Send Message
     
    I'd agree --- the stimulus package was mostly wasted on lobbyist handouts, pork, and tax credits that only the wealthy will take advantage of. All the same, saying that this is "harsh criticism" when it is coming from someone who is the CEO of a company that would stand to benefit from increased infrastructure spending seems a bit off-base. OBVIOUSLY, he wants more infrastructure spending because it's going to benefit Caterpillar.
    21 Apr 2009, 02:26 PM Reply Like
  • herbert hoover
    , contributor
    Comments (2001) | Send Message
     
    Ummmmmmm, there was a huge infrastructure increase in the original bill. It was pulled at the insistence of the GOP senators.
    21 Apr 2009, 02:30 PM Reply Like
  • youngman442002
    , contributor
    Comments (5123) | Send Message
     
    This is exactly why this country is going to default..everyone has a special need they want to help their little world out...and no one has the kahoonies to JUST SAY NO ....so we spend money we don't have.....and at some point its going to all blow up...when I do not know...but I would not be buying any treasuries....
    21 Apr 2009, 02:37 PM Reply Like
  • davidingeorgia
    , contributor
    Comments (2661) | Send Message
     
    in what alternate universe?

     

    On Apr 21 02:30 PM herbert hoover wrote:

     

    > Ummmmmmm, there was a huge infrastructure increase in the original
    > bill. It was pulled at the insistence of the GOP senators.
    21 Apr 2009, 02:42 PM Reply Like
  • herbert hoover
    , contributor
    Comments (2001) | Send Message
     
    go back and look at the news dude. The infrastructure money was pulled by the request of Sens. Collins of ME and Specter of PA in order to get their votes to end the filibuster. The truth is a wonderful thing.

     

    On Apr 21 02:42 PM davidingeorgia wrote:

     

    > in what alternate universe?
    21 Apr 2009, 03:14 PM Reply Like
  • davidingeorgia
    , contributor
    Comments (2661) | Send Message
     
    uh, dude...I have...believe it or not, leftwingers don't have a monopoly on truth...you just think that you do...

     

    all the pork barrel spending the Dems wanted STAYED in the bill...funny how that worked, eh?

     

    and, so far, this massive emergency crisis-busting bill that just HAD to be rushed through Congress without most of the idiots there even having read it has disbursed all of $12 billion out of the ~$800B appropriated (mostly for lefty interest groups who have not a thing to do with economic stimulus)...

     

    btw, Caterpillar came out the very next day (after Obama's appearance at the plant plant hawking his "plan") and contradicted his "this stimulus will let companies like Caterpillar hire workers back" nonsense...

     

    imagine that! Obama lying! I'm shocked, just shocked!

     

    okay, is that enough truth for you, dude? lol

     

    On Apr 21 03:14 PM herbert hoover wrote:

     

    > go back and look at the news dude. The infrastructure money was pulled
    > by the request of Sens. Collins of ME and Specter of PA in order
    > to get their votes to end the filibuster. The truth is a wonderful
    > thing.
    21 Apr 2009, 03:41 PM Reply Like
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