Let’s face it: U.S. presidents are hopelessly in love with the idea of a manufacturing renaissance and an export-driven economy.

It isn’t hard to understand why. Factory jobs, on average, pay more than those in the services sector. A job at the local General Motors plant, with all the benefits that accrue, used to be a ticket to a middle-class lifestyle for those without the benefit of a college education-sometimes for father and son alike.

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