i imagine it might take years for infrastructure spending to actually have a meaningful effect on construction equipment sales. it's not as though these construction companies don't already own lots of cat equipment in the first place.
Asked if the stimulus package would be able to stop the 22,000 layoffs or not, Owens said, "I think realistically no. The truth is we're going to have more layoffs before we start hiring again"
"It is going to take some time before that stimulus bill" means re-hiring, he said.