CEO of Caterpillar Gives President Obama an "F" on Job Creation

Greg Hengler | May 13, 2011 12:23 PM

It was a stunning admission. The CEO of Caterpillar, Doug Oberhelman, was on CNBC's "Squawk Box" and was asked to grade President Obama on a scale of 1-10 on business friendliness. The answer? Oberhelman gave Obama a 5 or 6. The nation is still mired in crisis level unemployment numbers, and the CEO of one of our nation's biggest manufacturers gave America's CEO--President Obama--a 5 or 6!

Even if we adjust for grade inflation, that's an "F."

The good news for Obama? Oberhelman told the CNBC crew that the President's performance had improved, up from a 3 two years ago.

Big HT to Lee Habeeb.