Savings + Investment + Exports = Jobs

From The Detroit News, “Savings, investment key to recovery, CEO says“:

Southfield — To survive and thrive in the years ahead, the U.S. economy needs three things, according to the CEO of construction equipment maker Caterpillar Inc. : more savings, more investment and more exports.

The United States will also have to tame the threatening twin deficits of the federal budget and trade imbalance, Caterpillar CEO James Owens told the Detroit Economic Club on Tuesday.

Owens, a corporate economist who rose to the top of the world’s leading manufacturer of construction and mining equipment, foresees a cyclical recovery ahead for the U.S. economy as it bounces back from the recession.

Also Tuesday, from the San Antonio Business Journal, “Caterpillar supplier working to fill 400 jobs in Seguin“:

City of Seguin saw a huge number of job fair applicants for new employees for the new Texas Power Systems (TPS) LLC manufacturing facility.

TPS — a supplier of component manufacturing and assembly services to Caterpillar — will make and assemble C-9, C-13 and C-15 diesel engines and related products for Caterpillar as well as other clients worldwide.

As such, the company is looking for job candidates in the skilled trades, production and professional/administrative areas.

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