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Why Manufacturing Still Counts in the U.S. Economy

Wall Street Journal Original article ›

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A realization that the idea of America transitioning to a services based economy without impairing jobs was fundamentally wrong

04/17/2006

The need for a strong and growing manufacturing base in the U.S. is one key realization for business leaders from the heads of Boeing, Intel and GE, and other business leaders to leaders in government. Failure to do this simply breeds a sense of pessimism about the future and creates an economy that leaves many productive people jobless, creates unsustainable trade deficits and foreign borrowing. Jeffrey Immelt says this in an op-ed piece in the Washington Post on the day he is appointed to head the President's Council on Jobs.

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