Not SO!
GE made incandescent light bulbs in Winchester Virginia.
Obama Closes Last US Light Bulb Factory Jobs Go to Mexico
http://www.youtube.com/watch?v=_8Ilk1Tlfj8
Many Other company's still make incandescent light bulbs in the U.S.A.
http://www.aerolights.com/index.html
Aero-Tech Light Bulb Co. is the only manufacturer of 20,000 hour rated, long-life incandescent bulbs left in America today. We believe that “Made-in the-USA” is the gold standard for consistent quality in manufacturing.
http://www.amazon.com/Incandescent-Light-Bulb-Hours-Clear/dp/B000273TFO
This was going on with steel 40 years back. The US was making about 90% of the world's specialty steels ~ we were also beginning to phase out the hum drum rolling grade stuff.
I"m not sure we make anything but specialty steels now but it's no longer 90% of the world supply ~ somebody else has probably figured out by now that you can make a whole lot more profit from less and less.
As I recall a Bain special ~ a plain vanilla steel mill ~ went under a few years after the supposed rescue.
Coincidentally GST Steel went under in 2001, after Romney was off doing other stuff ~ you can read all about it ~ just one of 31 steel companies that went bankrupt from 1993 to 2003.
Now, about Romney leaving Bain (which he didn't really leave since he had an ownership interest ~ and he said he could have made decisions, which he says he didn't), this looks like a serious mistake made earlier by Romney himself. Anybody ~ even a postal clerk ~ could see that if a mill was turning out rods used in only a single industry ~ mining ~ that the slightest downturn was going to dump that mill into the rubbish heap of history, and that's what happened.
So, Japan had a kind of stagnation situation and mining interests collapsed, and demand for that particular product ~ steel rods used in mining operations ~ went down the tubes.
I"ve called into question other Bain decisions ~ but this one takes the cake. Makes it look like Romney was attracted by the low cost of entry ~ $70 million ~ but failed to check out why this mill and its supporting structures were, themselves, nearing the time when they would become scrap steel and sent off to India for reprocessing.
If you will, this is like Obama's mistake in believing the antiquated and gutted out General Motors organization was actually "the American Auto Industry".
Like I"ve said many times, whether you get Romney or Obama you get the same thing ~ and that includes business acumen.