The manufacturing emperor's new clothes


t seems that the recent stock market slide is bringing to light some truths that have long been suspected by manufacturers and economists alike: The emperor is naked.

On Monday, August 24, the Information Technology & Innovation Foundation (ITIF) published a critique of the Congressional Research Service (CRS) report, "U.S. Manufacturing in International Perspective," noting that the CRS has got it all wrong when it comes to the U.S. manufacturing sector. "The CRS report mistakenly suggests that U.S. manufacturing is healthy, while dismissing the need for supportive manufacturing," said the ITIF in its introduction to its own report, "A Critique of CRS's ‘U.S. Manufacturing in International Perspective.'"

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