“US manufacturing capacity is mid 60’s level-“
I don’t get the joke. In the mid 6Os the U.S. was THE industrial manufacturing powerhouse of the world. Today US manufacturing is a joke. Look around, what industrial manufactured goods do you see that were made in America? How many U.S. industrial workers do you know? In the 60s I remember, you might see an occasional VW bug or a foreign camera but EVERYTHING else was produced in the USA.
“In the 60s I remember, you might see an occasional VW bug or a foreign camera but EVERYTHING else was produced in the USA.”
Remember when “Made in Japan” was a byword for cheap shoddy junk? All they were good for was Cracker Jack prizes. If something broke, we’d sneer and say “Was that made in Japan?”