At one of the companies, at EMC, where I went today -- wonderful company, passed on through generations -- they have hung on with their precision manufacturing, high value added.

WHITEHOUSE: "White House to Main Street" Town Hall: Elyria, OH

What began as an outsourcing of manufacturing to low cost countries has evolved as China and India have moved up the value-added manufacturing curve.

FORBES: How to Get Americans Back to Work

This is mainly the case in low value added manufacturing sectors.

FORBES: China's Investment Outlook Changing, But Still Tops U.S. As Money Destination