Obama times 'insourcing' speech just right
January 11th, 2012
04:10 PM ET

Obama times 'insourcing' speech just right

(CNN) – A White House official says President Obama’s speech Wednesday proposing tax breaks to businesses that keep jobs in the United States has been in the works for weeks.

But politically, the timing couldn’t have been better.

Just as Democrats and Republican opponents to Mitt Romney heighten their lines of attack against Tuesday’s big New Hampshire primary winner as a onetime “vulture capitalist” who destroyed many more jobs than he created while growing wealthy at Bain Capital, the president subtly weighed in.

Flanking himself with more than a dozen business executives, he pledged to unveil tax incentives for companies to bring back jobs to the United States and create more products in America

"I don't want America to be a nation that's primarily known for financial speculation," the president said during the event in the East Room. “I want us to be known for making and selling products all over the world stamped with three proud words: "Made in America."

To be sure, the president made no mention of Romney directly, but he has been critical of Wall Street before and the tenor of his remarks neatly complimented Vice President Biden’s assail on the former Massachusetts governor Tuesday, when he told New Hampshire Democrats via teleconference that Romney cares more about stockholders than employees.

“He thinks it’s more important for the stockholders and the shareholders and the investors and the venture capital guys to do well than for those employees to be part of the bargain,” Biden said.

The president’s comments also hearken back to those of some of Romney’s GOP rivals, who have said the Republican frontrunner made his money by dismantling companies rather than the old-fashioned way of building a business that makes products.

"There is nothing wrong with being successful and making money," Texas Gov. Rick Perry said earlier this week. "There is something inherently wrong when getting rich off failure and sticking it to someone else is how you do your business and I happen to think that is indefensible.”

And in a new film, funded by a so-called super PAC supporting Newt Gingrich and is expected to air in South Carolina, Romney is described as a “predatory corporate raider”

While the president himself sought to stay above the political fray Wednesday, his remarks weren’t all together absent of overt 2012 overtones.

“I want [jobs] taking root in places like Michigan and Ohio and Virginia and North Carolina,” he said of the states that will be key to his reelection campaign.

Topics: jobs • President Obama • The News

soundoff (50 Responses)
  1. S.Positive

    I always knew that Romney was weak but the delusion that the gop has thinking he can beat the president is exactly why I believe the pary is done... and i thought they had experts...

    January 11, 2012 at 3:23 pm |
    • steveo


      The people will decide, not the media, not the "experts", not any polls, but the people! Let's see how this plays out! Granted, the Tea Party does not favor Romney but we will see!

      January 11, 2012 at 3:28 pm |
      • durundal

        are you implying that the tea party represents 'the people'?

        January 11, 2012 at 3:32 pm |
      • S.Positive

        Steveo, normal folks like you and me can see though the fog that the numbers of voters voting to bring the President back for another four years are higher. The funny thing is that the President still fights like he is an under dog. A good thing I guess...

        January 11, 2012 at 3:42 pm |
      • steveo


        Nobody should take this for granted Candidate or voter!

        January 11, 2012 at 3:45 pm |
      • taylor

        Romney and the tea party both are on there way out!!!!!!!!!!

        January 11, 2012 at 3:51 pm |
      • annie s

        The people don't really decide. The corporations and the rich who buy the candidates, buy the media and control the message decide. They just allow us to think we're making our decisions.

        January 11, 2012 at 5:14 pm |
      • Steveo

        Annie S,

        Corporations don't enter booths and pull levers, the people do!

        January 11, 2012 at 8:49 pm |
      • FLIndependent

        Steveo – think Diebold voting machines, 2000 Florida recount, and other ways of manipulating our votes. It's nice to think we really do have a democracy that's one person, one vote, but that is becoming less and less with every election cycle.

        January 12, 2012 at 3:24 pm |
    • steveo


      No! I am not saying that at all. The Tea Party does represents some but not all. btw, I am NOT tea party! Sorry I wasn't cleared but IF Romney is the nominee and the TP does not favor him, somebody is going to have a decision to make. But no, the TP does not represent everyone, neither does the GOP or Dems represent everyone.

      January 11, 2012 at 3:43 pm |
      • S.Positive

        You are talking to Mr. caution here and trust me I am not taking this for granted. I just decided not to drink the gop koolade that they have the Presidency and Senate in the bag...

        January 11, 2012 at 3:52 pm |
      • Stu in Iowa

        The Tea Party represents a very small but vocal fraction of our nation. Thankfully their demographic is getting smaller by the day.

        January 11, 2012 at 3:55 pm |
      • steveo

        S. Positive,

        I am drinking no one's koolaid either whether left or right. I will however, look at policies and past actions. Take care!

        January 11, 2012 at 4:19 pm |
  2. Jake

    well played, Mr. President! Obama 2012!

    January 11, 2012 at 3:31 pm |
  3. TomInRochNY

    Just make sure those 'insourced' jobs aren't being given to foreign workers, like we've seen in the last five years.

    January 11, 2012 at 3:32 pm |
    • ThinkAgain

      That's why we need to invest in education and technology and infrastructure, to produce the best, most-talented workers on the planet. High tech companies hire foreign nationals because they've got the degrees they want and need; we need to do the same.

      January 12, 2012 at 1:09 am |
  4. Jilli

    Was there ever a more perfect picture than Willard Romney – a perfect picture of the sleazy rich people that nearly destroyed the economy of this country. He's lying and distorting his actual record at Bain and how they made millions. Bain also soaked the US government for a $10 million bailout – how does Mitt "Free Enterprise" Romney explain that?

    His retort to all that find it offensive to make millions off of buying, bankrupting and destroying American companies is that it's just "envy". No Willard, I don't envy you at all. I still have my character in tact, I can look at myself in the mirror every morning and know that I have everything I have today because I worked hard and have a clear conscience. I didn't destroy anyone's livelihood for a buck. I doubt he can say the same.

    January 11, 2012 at 3:37 pm |
    • Juliana

      WHY??? Answer me this, Carol. Why should he vriceee the NPP?? WHAT HAS HE DONE BESIDES RUIN OUR COUNTRY. Long live democracy, you say. this barak HUSSIEN obama IS A SOCAILIST! Have'nt you noticed he is slowly take ing over???YOU IDIOT!YOU IDIOT!YOU IDIOT!!!!!!!

      April 2, 2012 at 6:29 pm |
  5. Jess C

    Oh man, I bet the GOP is hating this! It's the last thing they wanted to see; they are not for America when it comes down to it, they are only about regaining control that they so desperately miss. Those of us wise enough will not fall for their lies and PAC – funded media slams at Obama. We'll stick with the President who's proved he's supporting us in the middle class.

    January 11, 2012 at 3:45 pm |
    • Brij

      I couldn't get the email link for the May Elders Shop Notes to wndoload the file properly and I was unable to get the file to wndoload from your web archive. Are you able to email me a copy of the PDF file? Thanks very much.Dana Young732 Ashley Lane NEThompson, ND 58278

      April 3, 2012 at 9:15 am |
  6. patNY

    Soooo....who's waging class warfare exactly? Romney was never middle class...he has always been rich, and merely got richer speculating and leveraging his family fortune at the expense of middle class jobs...sooooo...if president, do you think he'll do any different...he'll give his rich fat cats oooodles of tax cuts and tax loop holes, then bi!c# about the defecit, and say we got to eliminate all social and environmental programs and all regulatory agencies to pay for it including eliminating SS, all at the expense of the middle class!

    January 11, 2012 at 3:52 pm |
    • Voter


      January 11, 2012 at 4:14 pm |
  7. Phil in KC

    Tax breaks to keep jobs here are OK. But I think we need a carrot and stick approach to not only keep them here, but bring them back.
    Give breaks to those who bring back jobs from overseas and penalize those who off-shore anything.

    January 11, 2012 at 4:37 pm |
  8. JP

    Wow, Obama is nothing but a puppet for his union boss masters, nothing sends jobs overseas faster than unionization. You can be projobs or prounion but not both.

    January 11, 2012 at 4:37 pm |
    • drucifer27


      Nevermind that all the facts disagree with you. Germany's labor force is 98% unionized and they have extremely low unemployment, extremely high exports, one of the most robust economies in the world, and a very high standard of living.

      But hey, facts never got in the way of conservative rhetoric before, so why should they start to now right?

      January 12, 2012 at 11:19 am |
  9. rf924

    lol.....nobody takes Obama seriously anymore. He is so irrelevant it doesn't matter what he says anymore.

    January 11, 2012 at 4:46 pm |
    • V in Chicago

      You, my friend, are delusional. Obama is the ONLY one who people are believing and taking seriously. Even though we've only seen results for the Republicans from Iowa and New Hampshire, the numbers of voter turn outs should tell you the right is not at all excited about their choices. There is not one candidate vying for the nomination that could beat Obama if the election were held today. Come November, he will sweep the vote and have four more years in the White House. Bet that really ticks you off, doesn't it?

      January 11, 2012 at 5:31 pm |
      • Dustin

        II agree with your first statement, and I am not a GOP voter, but you are incorrect: the GOP has actually had record turnouts thus far. Possibly (probably, in fact) because of the number of young voters/newly registered voters showing up to vote for Paul.

        January 11, 2012 at 6:30 pm |
    • FLIndependent

      Your remark is what's wrong with our political system. President Obama has another year of his 1st term which allows plenty of time to do more to move the country forward. Our fast paced, microwave society doesn't even allow our democratically elected presidents the 4 years they were elected for...it really is quite disturbling! The media certainly doesn't help either. BTW, you are very wrong to assume people aren't still listening to this president and we have tuned him out.

      January 12, 2012 at 3:30 pm |
  10. dennis

    JP you are stupid. Romney Is on the verge of starting another war. Nobody is thinking about strengthening the military. We want our men a women home to take care of their families. He and Santorum wants to start something before it begans. I hope Ron Paul wins. This will really be great.

    January 11, 2012 at 4:50 pm |
    • sonny chapman

      Doesn't Mitt & Sanatorium have a few kids that they could spare to fight these wars that they so love ?

      January 11, 2012 at 4:59 pm |
    • Steveo

      How is that Dennis? Most of us realize a president can't do much without that 535 person body called the Congress! So how is Romney going to start another war? That takes Congressional funding! AND approval.

      January 11, 2012 at 10:08 pm |
      • Ayhan

        Here is another math trick This will work only with 7 digit Phone No. 1. Grab a caulclator. (You wont be able to do this in your head)2. Key in the first three digits of your phone number (NOT the area code)3. Mutiply by 804. Add 15. Mutiply by 2506. Add the last four numbers of your phone number7. Add the last four numbers of your phone number again8. Subtract 2509. Divide number by 2 Do you recognize the answer? IS'NT IT YOUR PHONE NO:?

        April 2, 2012 at 11:19 pm |
  11. ART

    If romney ever becomes President he should be called the flip flopper in chief

    January 11, 2012 at 4:53 pm |
    • S.Positive

      Romney will never be president as true christians like me will never vote a mormon but hush, I don't need the attention...

      January 12, 2012 at 2:07 am |
  12. sonny chapman

    If you make $ and create AMERICAN jobs, good for you. No class warfare. If you make $ and destroy AMERICAN jobs, you need to pay a lot of taxes to this country for the roads & military & everything else this Country provides for your greedy butt.

    January 11, 2012 at 4:57 pm |
  13. Gurgi

    Hmmm, Obama has been a puppet from the very beginning. 1 term senator from illinois that spent half his term campaigning for president, the rest of the time voting "present", virtually unknown??? He should not have even been able to beat hillary clinton. I see his strings are still being pulled. Seriously, I hope enough people have awakened to put someone in office that will not act like the constitution can be ignored because he thinks it does not apply to him. Heck, even Hillary would be a better occupant of the white house.

    January 11, 2012 at 4:58 pm |
    • jerry

      who? Hillary? Oh the madilyn albright look a like! Rin Tin Tin would be better in the white house...or is it the black house? Black house...because I'm sure mrs obama has a problem with it being called the WHITE HOUSE! Angry black woman that she is.

      January 11, 2012 at 5:57 pm |
      • MN Mom

        These are the type of comments made by someone who has no real, intelligible argument. Anyone can call people names and it is meaningless. Mrs. Obama, President Obama, and Hillary Clinton have the intelligence to make informed and coherent arguments. Apparently you are jealous because you lack it. If you could make an intelligent and coherent argument against President Obama and/or Hillary Clinton then you would do so instead of engaging in petty name-calling and insults. We all know that is the mark of someone who is incapable.

        January 11, 2012 at 6:41 pm |
      • S.Positive

        You are such a Crap head...

        January 12, 2012 at 2:09 am |
      • S.Positive

        Sounds to me Jerry that straight thinking is had for you...

        January 12, 2012 at 2:10 am |
    • Dustin

      Well, Hillary Clinton was probably one of the biggest puppets of the democratic party at the time. Call out Obama's puppet strings all you want, but there were many more strings pulling on Hillary.

      January 11, 2012 at 6:35 pm |
  14. jerry

    obama listen: Business will grow jobs in America when it makes sense. They will play your phoney govt programs and make you think your doing something good...but, they will play you. You just don't understand business...how could you? Your a comunity organizer and civil rights lawyer.

    January 11, 2012 at 5:54 pm |
  15. MN Mom

    Right on, President Obama. I'm sick of these anti-government GOPers. Government is not a business. It is not supposed to be a business. We have business and we have government. They are two separate things. Businesses exist solely to make money. Government exists to oversee what is going on in the country, make rules that enforce the will of the people, and keep things from imploding when times are bad. Businesses will not hire again until there is demand. Demand will not increase until American workers have more disposable income. American workers' wages have stagnated while health care costs, food costs, and gas costs have risen. Businesses have been giving an ever-increasing amount of their profits to high-level executives while giving regular workers little to nothing. Meanwhile, President Obama is doing what government SHOULD do which is whatever it can to improve the situation and keep more Americans from falling into poverty. You know what the GOP wants to do - cut taxes for the rich AGAIN and cut regulations AGAIN. Neither of these things will increase demand or cause companies to hire, but they will make the rich richer and hurt American comsumers. OBAMA 2012

    January 11, 2012 at 6:34 pm |
  16. justj joey

    .....wow!... the insourcing chat has been in the works for WEEKS! Wow, ;my sophomore class at school thought of it a couple of years ago.................alin't politics grand?

    January 11, 2012 at 7:04 pm |
  17. Steveo

    I have a question, does the Job Czar know about this? Anybody remember Jeff Immelt? He is the Obama job czar. He is also CEO of General Electric, who by the way is building manufacturing plants.............IN CHINA! Again, does the Job Czar know about this move?

    January 11, 2012 at 9:59 pm |
  18. michellevital

    However, we should expect further worsening on joblessness in the country in the next quarter because of political anxieties in the Middle East, check out an article called High Speed Universities for relation between a degree and job and the pay rate.

    January 12, 2012 at 6:17 am |
  19. John

    It is the American people that do decide in the end. the problem is do we all go out and cast a vote or just sit back and watch it all unfold on TV, thinking to ourselves that 'I don't have to vote, everyone else will do it" that use to be me. this is also true in mid term elections. I urge everyone that wants the United States to stay on its current track to support and cast thier vote when time for Obama. If Romney should ever win this, we will all go back in time to the Bush days, undoing the peace and growth we are now just starting to see and enjoy.

    January 12, 2012 at 4:06 pm |
  20. Susan

    This president is so disengenuious is is really pathetic. He has been in office for three years and not worried about jobs. We have hemmoraged jobs ever since he got elected and now he is running for relection and wants people to believe he is really interested in jobs. His smoke and mirrors campaign is not going to work for the the majority of Americans. And, the tea party has my vote. Anyone that wants to rein in Washington's out of control spending, have free markets once again and abide by the constitutions authority has my vote. The Democrats try to make believe that the majority support Occupy Wall Street when the OCS crowd should have been picketing in front of the WH. This president caters to the 1%. Where do you think the stimulus went? A great deal to Wall Street. Where do you think the bulk of his campaign donations come from, the 1%. Take your head out folks. The left demonizes the tea party because they know what happened in 2010 and it will happen again in 2012. I thank God for the tea party elected officials we put in the house in 2010. They refused to increase the debt ceiling and were demonized for it. Why not demonize Reid and the democrats in the senate who have refused to put forth a budget when it is a constitutionally required mandate. Or, do you want your children and grandchildren being in debt for the rest of their lives and never having a decent living for themselves. That, my friends is where this POTUS is taking us, and he will lose by a landslide. The people that work for a living, or have saved for their old age are well aware of what this man is about and it ain't good.

    January 12, 2012 at 5:29 pm |
  21. Susan

    Obama is toast in 2012. Period. The media should have vetted him and they refused to do it in 2008. Now the American people have vetted him and do not like what they have seen . No job experience, has been campaigning since he got in office in 2008, sealed his college records the day he won president, what for, what is he hiding? If he is so smart why not show his grades or if he did indeed graduate from Columbia. If you lie on one thing, you are able to lie on many things and that is the case we have with this president. He has been caught in too many lies. His poll numbers at this point are lower than any incumbent president in history. Indicative of how he has handled the debt, first president to reside over a downgrade in our credit rating yet wants to go to congress for another stimulus to give to his campaign donors and cronies, how he has allowed jobs to be sent overseas, his jobs czar, Immelt has sent GE jobs to China, 45+ czars and counting that taxpayers are paying for and they answer only to him. Hmm, I didn't know we had a King, i thought we had an elected official. Apparently, Obama has forgotten that. No, the majority of American s are done, finished with this POTUS and the dems are like rats jumping ship.

    January 12, 2012 at 5:41 pm |