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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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Presentation Transcript
agenda
Agenda
  • Global Context
  • America’s Big Challenges
  • Big Opportunities
  • Texas vs. California – Two paths and a choice
  • Montana
a world transformed
A World Transformed

Source: International Monetary Fund, United Nations, and World Bank

Bozeman Keynote

shenzen 1970 vs 2012
Shenzen- 1970 vs. 2012

Bozeman Keynote

u s debt per person
U.S. Debt Per Person

Bozeman Keynote

regulation rampage
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

growth only cure
Growth Only Cure

Bozeman Keynote

more wealth creation
More Wealth Creation

Bozeman Keynote

more jobs
More Jobs

Bozeman Keynote

less misery
Less Misery

Bozeman Keynote

gross state product
Gross State Product

Bozeman Keynote

global reading performance
Global Reading Performance

Montana

Bozeman Keynote

global math performance
Global Math Performance

United States Average

Montana

Bozeman Keynote

thomas sowell
Thomas Sowell

Bozeman Keynote