In his recent State of the Union Address, President Obama charged that the United States should stop rewarding companies for moving jobs overseas, and that manufacturing jobs should be brought back to our cities.  This demonstrates a failure to grasp sound economic principles to the detriment of our global standing and international competitiveness, says Matthew Jensen, an economic researcher at the American Enterprise Institute. First, by favoring domestic companies over foreign, the president will slowly degrade the benefits that many [...]