True. The biggest impediment to increased manufacturing is the pile of onerous regulations, many of which were created by the stroke of a pen since 2008, and which can be removed by another stroke of the pen.
Do you have any substantiation for either the point that onerous regulations are the primary impediment or that most of these have been created since 2008 (by fiat or otherwise)?
It's always going to be cheaper to make things in places where labor costs and environmental responsibility expectations are low.
That's why the manufacturing companies did it. The politicians allowed it because it was meant to make the world more peaceful and prosperous. Which it did, really.