Reading President Obama’s Framework for Revitalizing American Manufacturing makes three conclusions all too clear. First, the president doesn’t understand the main economic reason for revitalizing domestic manufacturing (as opposed to the political reasons – mainly throwing a few real and rhetorical crumbs to his union supporters). Second, knowing nothing about the stakes involved in reindustrialization, the president has no sense of the sector’s most important weaknesses, and how serious they remain. Finally, the president’s ignorance about manufacturing’s real significance has inevitably produced a revitalization program certain to fail – and to deepen the economic crisis even further.

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