New treasury secretary key to Ohio growth, jobs
Monday, February 04, 2013
For economists like Alan Tonelson of the U.S. Business and Industry Council, a business lobby representing 2,000 family owned and privately held companies, most of them manufacturers, claims of an American industrial comeback are blurred by a rising share of advanced manufactured goods imported into U.S. markets, which still has the wealthiest consumers in the world. The share reached another all-time high in 2011, Tonelson said, and threatens to grow again in 2012 once final figures are counted.
“The analysis strongly indicates that, contrary to widespread optimism about an American industrial renaissance, domestic manufacturing’s highest value sectors keep falling behind foreign-based rivals,” Tonelson said.Click here to read the article...