U. S. Manufacturing: Still in the Driver’s Seat
Mark Twain’s comment upon reading his own obituary applies perfectly to American manufacturing in 2008. “The reports of my death have been greatly exaggerated,” he said. In fact, though a few sectors are struggling, overall American manufacturing is prospering. According to the Bureau of Economic Analysis, the output of American manufacturing has more than doubled in the past 25 years, to a total of $1.5 trillion. more....