This is John Batchel, a conversation with my colleague Joseph Sternberg in London. He's with

the Wall Street Journal editorial page. He writes political economics, making the very clear declaration

that the U.S. is the place to invest for manufacturing, and that if the U.S. wants to revive its

manufacturing and the economy is in great shape,

not only revive it, but build it bigger than it ever was, it's got the tools to do it right now.

Joe lists them. It begins with regulation, deregulation, tax reform.

Joe will tell you.

Manufacturing in America?

Sure.

Make it happen.

U.S. government.

Stop punishing other people because they manufacture.

Start encouraging manufacture here with the

powers you have already.

Says Joe. More of this tonight.

Well, the thing about this is that the U.S. already would be such an inviting place to invest in production. And in fact, you know, it has been all along. I think that one key point to remember

here is that the protectionists tend to weigh overstate

the deterioration of the American economy over the past couple generations.

I mean, in a lot of ways, it has never been better for as many people as it is now.

So, I mean, if you thought that the U.S. economy needed to be rebalanced, a very good way to do that would be to reverse many of the hindrances that we put in front of production. So, you know, lower energy prices, deregulation, a less intrusive government, tax reform.