Entire tomes have been written about why that statement is so ignorant.
If the money is repatriated at a lower tax rate, yes, I really think it should have to be spent on US jobs for US citizens and to raise lower and middle class wages. This money was acquired to a great degree by moving manufacturing overseas to avoid paying wages to US workers. No tariff was charged to bring those cheap-labor goods into the US. Why should companies that did that be rewarded? Keep in mind that with banking crisis money, a lot of those funds were used to line the pockets of upper tier employees and to buy out smaller more local banks that were competing with them. Do you really think we should take the risk of that money being used in such a way, after getting a tax break?
Of course we should be concerned. The Sounds of Silence about EVerify say all we need to know about the intentions to use this money to bolster a return of the middle-class economy.