Economics
Bloomberg View: A Reality Check on American Manufacturing
To revive manufacturing, the U.S. must focus on realistic solutions
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Manufacturing has been declining as a share of the U.S. economy for three decades, but you wouldn’t know it from tuning in to the campaign frequencies.
Both Republican presidential nominee Mitt Romney and President Barack Obama talk dreamily about a manufacturing revival, with Romney promising to roll back regulations and Obama offering tax breaks and other incentives that border on industrial policy.