Earlier quoted context omitted.
I agree. It's not a scenario in which the US is magically going to re-dominate 55% of global manufacturing like it's 1964 all over again. But it is plausible the US can retake a portion of manufacturing.
Uh, the US has increased their manufacturing output since 1980 by 218% , and it's still head-to-head with China: http://business.time.com/2011/03/10/can-china-compete-with-a...
The US isn't going to go back to holding 55% of global manufacturing again. There's zero chance of that happening. What part of that are you refuting?