03/15/2009 05:12 am ET Updated May 25, 2011

Caterpillar CEO Contradicts Obama's Claim About Rehiring Workers If Stimulus Passes

President Obama today repeated the claim we asked about yesterday at the press briefing that Jim Owens, the CEO of Caterpillar, Inc., "said that if Congress passes our plan, this company will be able to rehire some of the folks who were just laid off."

Caterpillar announced 22,000 layoffs last month.

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