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Global Competition John Connors

Global Competition John Connors. Agenda. Global Context America’s Big Challenges Big Opportunities Texas vs. California – Two paths and a choice Montana . Global Context. A Look back . Growth Rates Matter – A lot!. American IT = Flat World. China’s Rise – Factory to the world.

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Global Competition John Connors

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  1. Global CompetitionJohn Connors Bozeman July 2013

  2. Agenda • Global Context • America’s Big Challenges • Big Opportunities • Texas vs. California – Two paths and a choice • Montana

  3. Global Context

  4. A Look back

  5. Growth Rates Matter – A lot! Bozeman Keynote

  6. American IT = Flat World Bozeman Keynote

  7. China’s Rise – Factory to the world

  8. R&D – Race for the Future Bozeman Keynote

  9. STEM – Asia Serious; U.S. – Needs Immigrants Bozeman Keynote

  10. A World Transformed Source: International Monetary Fund, United Nations, and World Bank Bozeman Keynote

  11. Shenzen- 1970 vs. 2012 Bozeman Keynote

  12. 1980 vs. 2013 Top Market Cap Companies Bozeman Keynote

  13. America’s Big Challenges

  14. Astounding Federal Profligacy Bozeman Keynote

  15. Federal Spending vs. Median Income Bozeman Keynote

  16. U.S. Debt Per Person Bozeman Keynote

  17. Federal Spending as a Household Bozeman Keynote

  18. Interest on Debt : How Many States Larger? Bozeman Keynote

  19. Average Interest Rate by Decade – Time Bomb! Bozeman Keynote

  20. Growth and Energy : 1.0 Correlation Bozeman Keynote

  21. Energy Reality vs Current Policy Bozeman Keynote

  22. World’s Highest Corporate Tax Rate Bozeman Keynote

  23. Regulation Rampage • 2012 Federal Register—the official directory of regulation—78,961 pages ;1986 - 44,812 pages; 1936 - 2,620 • Growth in US Economy 1936- 2012 = 12x (inflation adjusted); Federal Register growth 30x • Last time regulation was cut was under Ronald Reagan - number of pages in the Federal Register fell by 31%. Surprise! Real GDP grew by 30% in that same period. Lasted just eight years. • Since 1993, 81,883 new rules have been issued. In the past 10 years, the "final rules" issued by our 63 federal departments, agencies and commissions have outnumbered laws passed by Congress 223 to 1. • Right now there are 4,062 new regulations at various stages of implementation, of which 224 are deemed "economically significant," i.e., their economic impact will exceed $100 million. • The cost of all this - , $1.8 trillion annually—that's on top of the federal government's $3.5 trillion in outlays, so it is equivalent to an invisible 65% surcharge on your federal taxes, or nearly 12% of GDP • Costs of regulation for small businesses (those with fewer than 20 employees) are 36% higher per employee than they are for bigger firms • http://americanactionforum.org/rodeo-database Bozeman Keynote

  24. Academic Progress Non-Existent Bozeman Keynote

  25. Labor Productivity Waning Bozeman Keynote

  26. Opportunity Destroyed

  27. Job Growth Way Below Trend

  28. Competitiveness Steep Decline Bozeman Keynote

  29. Big Opportunities

  30. Waves of Innovation Coming

  31. USA - Energy Superpower Bozeman Keynote

  32. Major Energy Cost Advantage Today Bozeman Keynote

  33. Large Scale Re-Shoring at Hand

  34. Spending vs. Tax Revenue – Still Time to Stop Permanent Decline Bozeman Keynote

  35. Growth Only Cure Bozeman Keynote

  36. Texas vs. California – A Real Live Laboratory Bozeman Keynote

  37. Capital Flows to Where it is Treated Well Bozeman Keynote

  38. More Debt = Less Opportunity Bozeman Keynote

  39. More Wealth Creation Bozeman Keynote

  40. More Jobs Bozeman Keynote

  41. Less Misery Bozeman Keynote

  42. Montana

  43. MT - Decent Position for Breakout Bozeman Keynote

  44. Gross State Product Bozeman Keynote

  45. Top States for Business – What Matters Bozeman Keynote

  46. Global Reading Performance Montana Bozeman Keynote

  47. Global Math Performance United States Average Montana Bozeman Keynote

  48. Montana Social Capital

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