I'm one who has whined about the decline of manufacturing, so it is bracing to read the great contrarian Mark J Perry collecting the data to suggest that these "decline" stories are much overblown. But Perry's data do show that we retain manufacturing power while shedding manufacturing jobs. I have also been enjoying the great curmudgeon, Charlie Munger, saying he just isn't seeing any place where job growth will come from (Munger's advice: suck it up).
Funny thing about Perry: from all I read, I'd infer that he regards President Obama with contempt and loathing. But virtually everything he showcases--say, 90 percent--is designed to show that things are really much better than you expected.