Apple (AAPL) Mentioned By President Obama In State of the Union Speech

By Feb 13, 2013, 7:27 AM Author's Blog  

In his State of the Union address delivered before a joint session of Congress on Tuesday, President Barack Obama mentioned Apple (AAPL) as one of the country’s leading corporations set to bring jobs back from abroad.

Specifically, the President cited Cupertino’s plans to bring production of a line of Mac computers in the United States this year, as announced last December by Apple CEO Tim Cook.

“Our first priority is making America a magnet for new jobs and manufacturing”, Obama said during his speech.

“After shedding jobs for more than 10 years, our manufacturers have added about 500,000 jobs over the past three. Caterpillar (CAT) is bringing jobs back from Japan. Ford (F) is bringing jobs back from Mexico. After locating plants in other countries like China, Intel (INTC) is opening its most advanced plant right here at home. And this year, Apple will start making Macs in America again.”

Tim Cook was invited to attend the event and sat in the First Lady’s box, reserved for special guests mentioned in the President’s speech.

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