And don't forget all the restrictive regulations, licensure and insurance costs that we have in this country that China can laugh at. Insurance alone costs me more than my Chineeeeese "equivalent" makes.
If the gubmint wanted to really help out, they would be relaxing some of these, but don't look for democRATs to do that, they have been the ones in favot of restricting those eeeeeeeevil manufacturers all along.
I don't expect Dubya to do it either.
Afterall, actually improving the competitiveness of domestic industries would interfere with the profitability of transnational corporations.