The high cost of neglecting manufacturing

RP news wires, Noria Corporation
Today, American-owned corporations manufacture less and less each year and import more each year. This difference between the amount we import and export has created a huge balance of trade deficit, which hit $665.5 billion in 2004, including interest payments and other current account deficits (that's over $1.4 million per minute, accumulating in foreign ownership). This has also caused us to lose more than 1 million high-paying manufacturing jobs this year alone.
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