President Obama Praises Ford’s Use of ‘Insourcing’
President Barack Obama held up Ford Motor Co. as an example of companies contributing to the economy by bringing jobs back into the U.S. — and they should be rewarded for their efforts.
“You’ve heard of outsourcing. Well, these companies are insourcing,” Obama said Wednesday in a speech, surrounded by business executives, state and local officials and union leaders.
Ford plans to invest $16 billion in the U.S. by 2015, he said. “And that includes bringing back about 2,000 jobs” into the country.
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