Like an urban legend, the story that Caterpillar will begin rehiring 20,000 laid-off workers upon passage of the stimulus, turns out not to be true , much to the consternation (I suspect) of our progressive friends who had cited the report as support for the efficacy of the stimulus package. From IPR : If I were wearing a hat, I’d tip it to Don Irvine at Accuracy In Media for pointing me to this interesting development from ABC News. For weeks President Obama has claimed his "stimulus" plan allows manufacturers like Caterpillar to stop layoffs and immediately re-hire laid off workers. Obama even traveled to the company’s factory in Peoria, Ill. today to pitch his $1.1 trillion welfare-and-spending plan. One problem for the White House, however. Cat CEO Jim Owens never said such a thing. While Owens supports the plan because it includes hundreds of billions of borrowed dollars for highway construction and more government buildings, he never claimed he could re-hire recent...