President Barack Obama held up Ford Motor Co. as an example of companies that are contributing to the economy by bringing jobs back into the U.S. — and that 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.
See, the reason that there is an inflow of jobs into the U.S., and particularly Michigan, is that we are now a low-cost producer. Partly by devaluing the dollar, and partly by forcing unions to take big concessions, it is now more affordable to do business here.
The union leadership is going to pound Romney on his Bain capital experience, but they are going to give Obama a pass, even though his Car Czar rammed a no-strike clause down the UAW's throat.
