Obama: Bringing Jobs Back To The U.S.

In his weekly address, President Obama urges companies to bring jobs back to the United States and make products stamped "Made in America."

Surrounded by products manufactured in the U.S. - a padlock, a pair of socks, a candle - the president hailed a "hopeful trend" in his administration: the "insourcing" of jobs back to the United States.

"No, we're not having a yard sale," he joked. "These products may not appear to have much in common. But they're united by three proud words: 'Made in America.' They're manufactured by American workers, in American factories, and shipped to customers here and around the world."

"You've heard of outsourcing - well, this is insourcing. And in this make-or-break moment for the middle class and those working to get into the middle class, that's exactly the kind of commitment to country that we need," Obama said.

The president made a similar pitch at a White House "insourcing" jobs forum this week, where he urged business leaders to bring jobs back to the U.S. "Ask yourself what you can do to bring more jobs back to the country that made your success possible. And I'll make sure you've got a government that does everything in its power to help you succeed," Obama said.

To encourage companies, the president plans to outline tax incentives for businesses hiring in the U.S. and has asked Congress to grant him authority to consolidate government agencies.

The president said streamlining the federal government will make it easier for small businesses to get loans and sell their products around the world. "Let me be clear: I will only use this authority for reforms that result in more efficiency, better service and a leaner government," he stated.

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