If only American manufacturing was displaying the growth and resilience of the prominent Pollyannas hyping its prospects lately. The nation's industry might actually be entering renaissance mode and its economy might actually be replacing the past decade's disastrous bubble with genuine, production and earnings-led prosperity.
While addressing West Point's newest graduates last weekend, Vice President Joseph R. Biden praised the gathered cadets as "leaders of your generation" and "the key to whatever challenges the world has in store."
Too bad Americans can't monetize the happy talk surrounding U.S. manufacturing these days. The resulting new wealth could supercharge economywide growth and hiring, and even pay down the national debt.