Are Manufacturers Also Too Big to Fail?, by Louis Uchitelle
If the Obama administration has a strategy for reviving manufacturing, Douglas Bartlett would like to know what it is.
Today's Business: Louis Uchitelle on the Obama Administration's Approach to Manufacturing Buffeted by foreign competition, Mr. Bartlett (pictured at right) recently closed his printed circuit board factory, founded 57 years ago by his father, and laid off the remaining 87 workers. Last week, he auctioned off the machinery, and soon he will raze the factory itself in Cary, Ill.
“The property taxes are no longer affordable,” Mr. Bartlett said glumly, “so I am going to tear down the building and sit on the land, and hopefully sell it after the recession when land prices hopefully rise.”