Can you imagine how our economy would be roaring now if we threw back the government regulations to 1920’s levels?!
Government is not the solution, it is the problem.
Wage arbitrage via globalization has created cheaper markets and outcome for products and manufacturing. Throw in the lower health care, environmental issues and other incentives.
The jobs aren't coming back to the USA no matter how much you get the Gov't out of it. Simply, the American worker and populace costs too much, and asks too much for wages. They are great for purchasing products, but are a waste for multinational corporations. The US is also great for the corps, in the form of a military to protect 'their' interest.