AmericanEconomicAlert.org | Fighting for American Companies, Fighting for American Jobs
"Who's on First?" at the National Association of Manufacturers
By Alan Tonelson
Thursday, August 21, 2008
"John Engler, president of the National Association of Manufacturers...played down the effect of [projections that China will overtake the United States as the world’s largest manufacturer next year]. It was ‘inevitable’ that China would take over on account of its size, he said. ‘This should be a wholesome development for the US....’”
–Financial Times, August 11, 2008
“According to a report last week in the Financial Times, China...will overtake the US as the world’s largest manufacturer next year. I and members of the National Association of Manufacturers strongly disagree with this prediction.”
–John Engler, President, National Association of Manufacturers, Financial Times, August 18, 2008
Sources: “China to overtake US as largest manufacturer,” by Peter Marsh, Financial Times, August 11, 2008 and “American industry can stay ahead of China,” by John Engler, Financial Times, August 18, 2008
Alan Tonelson is a Research Fellow at the U.S. Business & Industry Educational Foundation and the author of The Race to the Bottom: Why a Worldwide Worker Surplus and Uncontrolled Free Trade are Sinking American Living Standards (Westview Press).
(c)Copyright 2001-2010 AmericanEconomicAlert.org, USBIC