A while ago we wrote to rebut Lou Dobbs’ twisted view of the state of the union. We pretty much got it all out of our system except to correct one very important fact. He was alleging that China was now the world leader in manufacturing. Not true, but that doesn’t mean folks don’t believe it.
Here’s the truth: the US is the largest manufacturer in the world and accounts for nearly a quarter of global manufacturing output. This makes the US manufacturing sector over two and a half times bigger than China’s manufacturing sector. No doubt about it, they are growing, but the early obits for US manufacturing are, well, premature. We continue to be the largest manufacturer in the world and we continue to be the best manufacturers in the world.
Hope that clears it up.
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