Jeff Merkley actually said...

the type of structural concern in our economy that the Fed should be using its economic expertise to highlight.

Since the mid-1970s, 1975 through now, we have had four decades in which virtually zero--well, let me put it different--virtually 100 percen...

This is a very unlevel playing field for American manufacturers and has a devastating impact.

Technological change has occurred. However, a lot of the shift overseas has been due to lower wages, not to technological change.