First, the big poster child for this whole issue is always going to be Craftsman. And it's partly about them selling the USA made as a feature, but mostly in the severe drop in quality from USA to China. They could have got a lot better quality from a chinese factory if they wanted it. So to a large degree, bringing up Craftsman on either side of the debate is kind of hurting your argument. Sears just made ****** decisions.
At the same time as manufacturing has moved, the level of quality that's acceptable for goods of all kinds has decreased. Clothing, furniture, you name it. Disposable economy and the people who fuel it will always choose with cost as the primary or maybe only factor. Short sighted, but I do think some of it has to do with the way technology is moving, outmoding several expensive prior purchases leaves you burned. If you spent $1200 on VHS and then the same on LaserDisc, would you again spend the same on DVD or wait and see? A $99 player will get you by while the uncertain technology is sorted out in the market. When it dies, a $99 bluray will too.
I didn't used to care myself. I feel like manufacturing is a thing the first world economy evolves past. Not all, but certainly simple stamped and forged pieces like a combination wrench. Same as we have outgrown making any kind of electrical components or printing circuit boards. Much more advanced than hand tools and yet which moved out of the US borders first?
Quality is what I look for. Specifically the sweet spot. I have been burned by tools that cost a lot and tools that cost a little, failing. I have been pleasantly surprised by several very cheap (looking, feeling, and costing) tools that are great. I have been more impressed with how good GW is for the cost, for example, than how good I could get spending more on truck brands. Some guys need it, some guys don't. I won't criticize someone for buying what fits their needs but I always start with the middle and go up or down as needed.