Caterpillar to Fire 2,454 Employees

A little over a month ago Obama said passing the bailout would lead to Caterpillar rehiring some of the workers they have just laid off. The CEO of Caterpillar said that Obama's statement was not true (Berman Post: CEO of Caterpillar Contradicts Obama on Bailout Rehiring). Now, after the bailout passed, Caterpillar is not only not rehiring the laid off workers but is firing an additional 2,454.

More at http://www.breitbart.com/article.php?id=D96VT8RO0&show_article=1.