(CNSNews.com) – The Obama administration allowed millions of dollars in federal stimulus funds to go to foreign companies, despite recent statements by President Barack Obama that he opposes “shipping jobs overseas."

“I want to stop giving tax breaks to companies that ship jobs and factories overseas,” Obama said in a speech in Cedar Rapids, Iowa on Tuesday.

“As long as I’m president, I will keep fighting to make sure jobs are located here in the United States of America,” said Obama.

However, Obama’s 2009 economic stimulus spending law--the $787 billion American Recovery and Reivnestment Act--gave millions of federal dollars to foreign companies or funded domestic companies that built factories in foreign countries or bought foreign products.

[link to cnsnews.com]