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The Big Yellow Book

Seeing the World from Both Oculars-- a Bananaslug's Journal

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Obama said things would get worse before they get better...
And boy was he right.

I live about a mile from the Aurora Caterpillar plant, which is about to become a ghost town, according to the Wall Street Journal:

Caterpillar projected 2009 earnings well below analysts' estimates and said it would cut 20,000 jobs, or about 18% of its work force, to reflect the lower demand. The heavy-machinery maker reported fourth-quarter net income fell 32% on a steep drop in demand at the end of last year, as the global economic downturn worsened and some customers cancelled orders.