Did Obama lie about those Caterpiller job increases or was he mistaken? The Left didn't make those distinctions during the Bush Administration, so perhaps we shouldn't either. However, given how incompetent Obama seems to be and how little he knows about business, it does seem possible that he just didn't understand what Owens was saying when they talked about jobs. So, perhaps we should give him the benefit of the doubt and just assume that as per usual, he had no idea what he was talking about.