A hallmark of Republican supply-side economics is the millions of jobs these policies have created. The difficulty is that they have created them in Latin America and Asia. Even worse, the method they have used to create them is to rip the jobs from American workers. For Republicans, corporate profit trumps America’s economic success and the well being of the American people. Fortunately a few good companies are insourcing jobs. Barack Obama took time out to honor those companies and commit to incentives to companies to bring jobs back to America.

President Obama said on Wednesday that he would propose tax incentives for companies to bring home manufacturing jobs they had moved overseas, and curtail tax breaks for those that keep relocating jobs abroad. Flanked by executives from the aerospace, chemical and furniture industries — all of whom are building or expanding factories in the United States — Mr. Obama declared that the nation was beginning to see the reversal of a long-term trend toward outsourcing. He called the new trend, perhaps inevitably, “insourcing.” “We’re at a unique moment, an inflection point, a period where we’ve got the opportunity for those jobs to come back,” Mr. Obama said in the White House, after meeting with the executives. The American economy, he noted, has added manufacturing jobs for two years in a row, after more than a decade of losses… [emphasis added]

Inserted from <NY Times>

Here’s the video of the event.