Lynn Swearingen (c) copyright 2010 ALL RIGHTS RESERVED

Picture this.

A blustery day in  February 2009.

A President poised gracefully behind a podium, teleprompter at the ready, speaking to Americans about how one of the Nations top manufacturers had explained that because of the proposed Stimulus Package, Caterpillar would be re-hiring some of those 22,000 employees recently laid off.

“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.”

Makes one kinda tear up – saving the jobs of those poor United States Caterpillar workers….

Only that’s not what “Jim” said:

“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.”

Owens also cautioned that even if a stimulus is passed within the next month, the effects will not be immediate and are more likely to impact construction activity at the end of 2009 or spring 2010.”

Mr. Owens still sits on the President’s Economic Recovery Advisory Board (PERAB) though one wonders just what they do behind closed doors. Create jobs one supposes through stimulating packages, Quantitative Easing suggestions (QE) or whatever comes to mind.

Hey – here’s a great idea. Why doesn’t Caterpillar build a brand-spanking new factory to produce mini hydraulic excavators?  That would be awesome, create jobs, support a community, and show how great the Administrations plan was to crank up the presses to print dollars! Only one itty bitty little problem:

Construction will begin in Wujiang, near Shanghai, at the end of 2010 and the facility should be ready in 2012 to begin production of mini excavators of less than eight tons, the company said Tuesday.

Wouldn’t you just love to be a fly on the wall at the upcoming October 4th, 2010 meeting of PERAB?

While it was never stated that AMERICAN jobs would be created, I suppose we all just took for granted that the whole “hiring” thing would be here versus in CHINA. While I cannot attend as I will be living in real life trying to earn some fiat money to trade for overpriced CHINESE goods – one can be sure that I will “Submit a Comment” asking:

1. How much stimulus money did Caterpillar receive?

2. How much of that will be spent building the new plant in China?

Why take the money and run?

Because apparently while playing hide and seek with the U.S. Economy instead of creating JOBS, Mr. Obama and his Congress have decided to redefine what another countries Currency should be worth. Not pleased that the last few months of pressure of asking China to please allow inflation in their country, the egomaniacs in Washington have decided to punish China for not “toeing the line”:

President Barack Obama said Wednesday that China’s currency is undervalued, resulting in a trade advantage for Chinese goods over American goods that contributes to the U.S. trade deficit.

Responding to a question at a town hall-style meeting, Obama addressed one of the major current issues in relations between the world’s two largest economies.

“The reason I’m pushing China about their currency is because their currency is undervalued,” he said, adding that ” people generally think they are managing their currency in a way that makes our goods more expensive to sell there and their goods cheaper to sell here.”

and later:

“However, demands by U.S. lawmakers that China revalue its currency by more than 20 percent would bankrupt Chinese companies and lead to “major unrest” in his country, Wen said in the speech.”

Even worse, Democrats and Republicans alike have united to blame the Chinese monetary system on the lack of United States jobs:

With November 2 mid-term elections fast approaching, the bill enjoys strong support from President Barack Obama’s Democratic allies and their labor union supporters, as well as his Republican foes, and was expected to win approval.

US lawmakers have redoubled their accusations that Beijing keeps the yuan — and therefore Chinese exports — artificially cheap, driving US manufacturers out of business and costing thousands of US jobs.

Excuse me?  Legislators have been bleeding the next two generations of Americans dry by pouring money into Corporations that are building in overseas locations to avoid paying taxes while “those of us making $250,000 less” get to choose our Government run Health Insurance and ain’t none of us paying one thin dime more according to TPTB. Yeah – that’s a huge run-on sentence, but I am just that upset!

As if D.C wasn’t content to screw up our job growth base – now we want to upset the largest holder of American debt by demanding they adjust their currency to match what we think it should be worth thus driving up the already overinflated pricing on imported goods? That’s just insane, but what can one expect from a group of out of touch legislators whose boss attempted to pay $1 for 4 apples and had to have his “body man” settle the debt.

Only this time “folks” – we’ll be the “body men” for the administration and we’re pretty tapped out as it is.