Obama Victim Of Tragic Teleprompter Malfunction

| 31 Comments

ABC news;

Obama has said twice in the past two days that Caterpillar CEO James Owens indicated his company would be able to rehire some of the 20,000 recently laid-off 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."

Video at the link.

31 Comments

Jim should be thankful he isn't a plumber .

OhOH........Owens can kis his ass goodbye! How dare he bring facts,reason,and coomon sense into the Messiah Show,and make the Zero look like the empty suit he is.

ABC's Jake "Tap-Tap The Chizzler" Tapper strikes again!

Watch now as the Caterpillar is crushed. He did the ultimate no no. He implied Obama has made a mistake in judgement. He should not have told the truth.
JMO

Ok lefties. This here is an example of what we evil Neocon extremists mean when we say "lying is bad". A guy who says what he knows to be true doesn't get caught out like that.

Its also an example of what we mean when we say "Obama is out of his depth". See, Clinton could keep his lies straight. Obama, not so much.

Here endeth the lesson.

Well, 3 weeks and Obama has proven once again that his highest and best use is as a GQ model. he is already on to his 3rd choice for commerce secretary.

Way to go America, did you get fooled.

OMG, dick Cheney had a "talk" with the CEO of CAT....LOL....it is all a conspiracy.

When Obama gives Caterpillar bailout money, then he'll be able to have the state hire and fire people in private corporations.

Already doing it with the investment banks (stock brokers, translated to Canadian) with the concept of “you took our money, now we'll tell you how much you can earn and whether or not you can have jets.'

Freakin' commies.

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geez... anybody else see a pattern emerging here?

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Well, it almost seems like he is still on the campaign trail, making promises that often cannot be kept. (Even though he has pointed out that the election is over, and he won.)

The weird thing is, I thought he was well schooled in the fine art of saying nothing - but I guess his inexperience is showing through.

He must be pretty stressed out, I wonder if he's happy that he's in that position. No doubt he will sit out the second term "so he can watch his girls grow up".

It's a lot easier for him to be the "game show host" linking up unfortunate people who want cars with the benevolent donors who watch the town hall events.

It is so time to backtrack on Caterpillar. Before what goes around comes around. Or before the audience begins to doze.

So starts the revenge of St. Pancake.... Caterpillar is bulldozed under the bus.

set you free:

Stock broker does not equal investment banker. Two different things - try to keep up, will you?

Surprisingly orders placed by the US Military after February 12th went to Komatsu.....

Catepillar stock up 368.67% since Jan. 13, 1978 including stock splits and dividends.

http://www.google.ca/finance?client=ob&q=NYSE:CAT

For more than 80 years, Caterpillar Inc. has been making progress possible and driving positive and sustainable change on every continent. With 2008 sales and revenues of $51.324 billion, Caterpillar is the world's leading manufacturer of construction and mining equipment, diesel and natural gas engines and industrial gas turbines.

Even though 2008 may have been unkind in the latter part of the year, with infrastructure spending this would belong in most portfolios in the near and longer term.

"Every valley shall be exalted, and every mountain and hill shall be made low: and the crooked shall be made straight, and the rough places plain."

Isaiah 40:4 ...with Catepillar of course!


Catepillar may not move heaven, but they are experts at moving earth!


I think I should be hired in the ad dept.

Is there a Messiah in the house?


Cheers

Hans-Christian Georg Rupprecht, Commander in Chief

1st Saint Nicolaas Army
Army Group "True North"

"Beliefs are ideas or world views that guide a person's actions. Beliefs may or may not actually be true and beliefs may help or hinder people in their life/work." Wendy Fox

That is how things get really screwed up ... as they are right now. Reality bites back every time.

Most of those beliefs are currently placed with that empty suit The Obama ... Oh mama are we gonna pay.

"Surprisingly orders placed by the US Military after February 12th went to Komatsu.....
Posted by: Stephen at February 12, 2009 10:15 PM"

Kommatsu manufactures equipment in Kentucky as well as offshore. Very respected brand too, I may add.

It's even worse than the first look. Owens had recently been named to Obama's Economic Recovery Advisory Team and flew to Peoria, for the speech at CAT, on Airforce One with Obama. I'm guessing that Obama just assumed that Owens would willingly back up his lie.

What is most despicable is that, in light of the CAT cutbacks, Obama would decide to lie about the situation just to gain support for the Stimulus plan and pending vote.

It is just so wrong to play with people's emotions regarding their jobs, in this climate, for one's personal gain.

I'm pretty sure that the failure was between Obimbo's ears.

Don't blame the teleprompter.

Hans-Christian Georg Rupprecht, Commander in Chief

"Is there a Messiah in the house?"

The Messiah no longer stays in the house.

If you seek you shall find him permanently aboard Airforce One. He is in his airborne office, hiding in the kneehole of his desk and sucking his thumb. He will be out when the mean old world and those grumpy Conservatives leave him alone, or when he lands in a place that hasn't heard his campaign speech yet.


Sooooo...

I guess the dozers for the mass graves won't be Caterpillars then, eh?

Muslim Mob Attacks Jewish Center At Toronto University. Police Respond By Shutting Down The Center.
http://www.mererhetoric.com/archives/11275447.html

Hans:

I think CAT is a great company as well, but 370% over 30 years works out to less 4.5% a year, compounded. In 1978, you could get US 30 year treasuries yielding almost twice as much (8.49%).

$1,000 invested in CAT in 1978 would give you $3,700 today; $1,000 in US 30 yr bonds would have given you $11,500. And let's try to put that in real terms: a Honda Civic in 1978 cost about $4,000. $4,000 in CAT in 1978 works out to about $14,800 today - not quite the same price as a Civic today, but as I've pointed out elsewhere, a Civic today is a much better car than a 1978 Civic.

But, if you'd invested in treasuries, $4,000 in 1978 works out to over $45,000 - that's a BMW, baby.

My point - and I do have one - is when you're guaranteed a return over 7%, grab it. Sure, there are stocks like M$ or Goog that will do better over a short term, but can they do better over the long term? M$, for example, did great from 1989 to 1999, but since 1999, it's been terrible.
And this is a company with one of the largest and most impregnable franchises in the world.

"And this (Microsoft) is a company with one of the largest and most impregnable franchises in the world."

Impregnable? Is that an investor term?

MS has to lower the cost of their software because open source alternatives are going to catch up (if they haven't already). I'm talking about Office, their big seller to business.

Kevin B:

The long term record only emphasizes reliability.

If you check out the stock chart CAT was at $85.26 back in April 2008 now at $31.02 for an absolute hammering of some $54.24/share roll off.

That works out to a 64% loss in the space of a little less than 9 months. I don't know, but infrastructure spending plus a recent round of layoffs should make for a pretty lean and attractive 800lb gorilla in the stock world.

Looks like a bargain type blue chipper to me.

As for MS it appears like Windows 7 is going to be what Vista x64 should have been. It appears they finally got their act together. I've tried the beta and it installed flawlessly and is so far quite pleasant to work with. Vista x64 with SP2 beta is also working nicely now with updated drivers and is running my son's games flawlessly.
Even the compatibility mode for older games has ironed out some of the earlier kinks and blue screens that were ubiquitous about 18 months ago.

MS Office still will bring in some coin as Open Office 3.0.1 is basically comparable to Office 2003 so the open source boys have some ways to go yet as Office 2007 will get morphed into collaborative web ware soon or so it seems.


Cheers

Hans-Christian Georg Rupprecht, Commander in Chief

1st Saint Nicolaas Army
Army Group "True North"

I honestly don't like what Owens did. He sorta, in a way, poked fun at the President by saying that. In public. That he knows would be spread everywhere the media is.

p-paul:

"Impregnable" - immune to attack. I don't know that it's an investor term, but it's a pretty good definition of M$'s position in the OS and Office space.

Is Open Office an acceptable and free alternative? Of course. But have you actually met any corporate IT officers? Like IBM buyers a few decades back, the attitude is "No one ever got fired for buying M$". If they were capable of independent thought and reasoning - well, they would never have risen through the ranks to their present positions of power, would they?

Hans:

CAT is still yielding only 5.4%. I still think it's a great company, but look at GE for example: yield over 10%, lower P/E than CAT, lower forward P/E. Even if they cut their dividend in half, they will still have a higher yield than CAT.

And, if you're a gambling man, BA and C offer what amounts to perpetual calls for a few bucks apiece, and Wells Fargo (WFC) offers a good yield and fewer toxic assets than any big bank.

But, hell - buy gold. Less risk, and better upside appreciation than any of the above.

kevinB, most people have computers at home these days. What's better, a "pirated" version of Word or free OpenOffice?

I'd steer away from the risk of getting caught and use the free version. Note: All my Windows installs have been legitimate, paid for original holographed CDs.

Now I use a Mac with Boot Camp. If you want any advice about how to do this, let me know.

Eastern Paul,

Of course it makes fine equipment and is a wonderful brand, but not an American company....you miss the point that there may be retribution for contradiction, even to a company as iconic as CAT.

kevin. ge will do well, they are into wind power and are going to get billions of taxpayers money through the big o's green energy /commie control program.

Maxine Waters is gunna take over his corporation!

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