What America needs is a flexible economy that provides new jobs. For years, it had that. Workers who lost factory jobs found new work in the fast-growing service industry. Creating software, movies and medical innovation is just as valuable as manufacturing and often more comfortable for workers. 

Yet President Obama thinks he can use the government to reverse the fate of America's manufacturing sector, writes John Stossel. He should accept that making things is something the market does pretty well on its own.