Editorial: Obama keeps fueling the myth of manufacturing

Nathan B. Oman

Published: Friday, Jan. 27 2012 12:00 a.m. MST

Summary

President Obama loves manufacturing. In his State of the Union address, his discussion of the economy began with the decline of American factory jobs and lauded the bailout of Chrysler and General Motors. Like all such speeches, he offered a scattershot of policies, but the need to support manufacturing through subsidies and the tax code was a major theme.

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Corn Dog

New York, NY

The real myth in the article is that you can have an economy based on services.

Last year America's balance of payments deficit was ~ $500 billion. Half of that was energy (mostly oil), the other half was manufactured goods. The fact is More..

6:42 p.m. Jan. 27, 2012
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Mike Richards

South Jordan, Utah

The article has a lot of information to think about, but few union members will think about the implications. How many union members ONLY shop at union stores? How many union members only buy goods made by other union members?

If union More..

9:48 a.m. Jan. 27, 2012
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Esquire

Springville, UT

Oman should stick to the teaching of law, because his economics arguments fail. This piece is a gross distortion of the realities of the economy, and I suspect it is politically motivated. It's not law, it's not economics, and it's not history. It More..

2:28 p.m. Jan. 27, 2012
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