President Obama may be trying to put an end to the giant sucking sound. Yesterday – the President announced a new plan to give tax breaks to businesses that bring jobs back to the United States – while cutting off tax breaks for businesses that ship jobs overseas. “I don’t want America to be a nation that’s primarily known for financial speculation, and racking up debt and buying stuff from other nations,” The President told reporters. Any change in the tax code – especially one that penalizes giant transnational corporations that outsource American jobs by the hundreds of thousands – is subject to the approval of Congress. So we’ll have to wait and see if republicans can get on board with the idea of saving American manufacturing jobs. Well keep our eyes on this one to see if Mr. Obama follows through.