It's not really funny accounting when dollars is a relatively normal unit of measure. It's that if you choose to measure in dollars output is high, but if you were to measure in terms of pounds or cubic volume it's dropped.
The "strong USA manufacturing" narrative took Intel's profits, multiplied them up by Moore's law, and used the result to hide the fact that everything else has imploded.
The "strong USA manufacturing" narrative took Intel's profits, multiplied them up by Moore's law, and used the result to hide the fact that everything else has imploded.