Obama To Revitalize US Manufacturing?

Now this is ironic. Naturally, the irony is lost on the New York Times.

The United States ranks behind every industrial nation except France in the percentage of overall economic activity devoted to manufacturing — 13.9 percent, the World Bank reports, down 4 percentage points in a decade. The 19-month-old recession has contributed noticeably to this decline. Industrial production has fallen 17.3 percent, the sharpest drop during a recession since the 1930s.

So far, however, Mr. Obama’s administration has not come up with a formal plan to address the rapid decline. Instead, it has pursued ad hoc initiatives — bailing out General Motors and Chrysler, for example, and pushing green energy by supporting the manufacture of items like wind turbines and solar panels.

Considering that the decline in manufacturing is directly attributable to overtaxation, overregulation and trade unions, how in the world is Obama going to reverse the decline? The foundation of his ideology is to increase taxes, increase regulation and give unions even more power.