Made in America 2.0: 10 Big Ideas for Saving the United States of America from Economic Disaster

By J. HENRY WARREN

First, this book is about jobsAmerican Jobs. Secondly, this book was written primarily to remind us of TEN simple actions and additional economic principles we need to consider as solutions to our economic conundrum. JHW
You dont need a degree in economics to see the plan J. Henry Warren clearly defines in this thoughtful analysis. Whether youre a Baby Boomer, Gen Y or just paying attentionits simple math. Combining American manufacturing with ingenuity and innovation will result in a secure American future. Sharyl Volpe, Literary Agent
Weve killed the goose, the goose which years ago laid the golden egg for the United States of America, and it didnt just happen. JHW
After reading J. Henry Warrens work, one cant help but see theres more than just a passionate conviction in his words; theres an earnest concern for the future of this country and a logical plan to get it back on track.

Sharyl Volpe, Literary Agent

• Language: English
• Publisher: Xlibris US
• Release date: Sep 24, 2013
• ISBN: 9781493100231

J. HENRY WARREN

J. H. Warren is president of five companies: Warren Industries, Inc., Warren-Knight Instrument Co. – a century old U.S.A. manufacturer of precision instrumentation, North American Survey Supply Co., J. H. Warren & Co., and the Warren Media Group, Inc. Warren served in the U.S. Navy with the Naval Security Group during the Vietnam War and he has degrees in ??inance, economics, and marketing from The Wharton School, University of Pennsylvania, Philadelphia, PA; and he is an entrepreneur. His published works as J. Henry Warren include: Storm Keeper, Until Shore, and Certain Risk, which are all suspense mystery thrillers. Warren is a vocal believer in the strength and vitality of our nation’s individuals and our country’s manufacturing know-how, and he believes we can return our nation to full employment by following the few simple truths listed in this book. He says, “We must ??irst restore and then increase the number of U.S. manufacturing jobs in the United States of America—for all willing-to-work Americans.” “Made in America 2.0 is devoted to improving U.S.A.’s long-term employment, productivity, and the economy of our nation.”

Book preview

Copyright © 2015 by J. HENRY WARREN.

www.jhenrywarren.com

[e-mail]

Library of Congress Control Number:   2013916722

ISBN:      Hardcover      978-1-4931-0022-4

                Softcover        978-1-4931-0021-7

                Ebook             978-1-4931-0023-1

All rights reserved. No part of this book may be reproduced or transmitted in any form or by any means, electronic or mechanical, including photocopying, recording, or by any information storage and retrieval system, without permission in writing from the copyright owner.

07/04/2015

Xlibris

1-888-795-4274

www.Xlibris.com

139948

TABLE OF CONTENTS

Introduction U.S.A. and the Multiplier Effect

The Proposal Action Plan for America

Action One Eliminate Taxes on Manufacturers

Action Two Properly Educate Youth for Entry-Level Jobs

Action Three Retrain Experienced Workers

Action Four Smart U.S.A. Innovation

Action Five Change Treaties and Tariffs

Action Six Rebuild America

Action Seven Deregulate

Action Eight Be an Educated Voter

Action Nine Make Bankers Serve Us

Action Ten Buy American

This effort is

dedicated to my late father and mother—

Jack and Evelyn Warren.

May they rest in peace!

I also thank my many colleagues who helped refine this exercise.

Introduction

U.S.A. and the Multiplier Effect

Damn the torpedoes, full speed ahead!

Admiral David G. Farragut

Battle of Mobile Bay, 1864

W E’VE KILLED THE GOOSE, the goose which years ago laid the golden egg for United States of America—and it didn’t just happen.

First, let me say this book is about jobs—American Jobs. Secondly, let me say this book was written primarily to remind us of ten simple actions and additional economic principles we need to consider as solutions to our economic conundrum.

Our economic problems started over 40 years ago when we began sending our manufacturing jobs overseas, losing millions of good paying jobs, but mostly, reducing the effect of rollover-of-the-dollar in our own economy.

In this book you will read why the rollover or multiplier effect on the U.S. dollar is far more important than most politicians calculate, or understand. You will also read about what we need to do about this critical economic failure? I provide easy and quick economic solutions to our misunderstood American economic reality.

This book was not written to just highlight this national problem, but to encourage our politicians and citizens to engage in extensive resolutions for the re-creation of new long-term and higher paying jobs—through the creation of many more U.S. manufacturing jobs. When U.S. citizens get back to work, creating, working, and producing, in productive enterprise, the economy will again obtain the power and muscle it requires to overcome its backward inertia.

The issues I discuss, when all combined, will stimulate our U.S. economy, create jobs for Americans, as well as tremendously improve the life of everyone in the United States of America. How do we do this?

Here is a harsh reality: not everyone in our country will earn a PhD, and not everyone will get a college degree. Not everyone will qualify as a programmer or be capable to operate a computer. Because of these facts, we need to be developing new types of employment, at all skill levels, on a systematic basis. We need good, sustainable employment for every U.S. citizen who wants and needs to work. This includes most of us, I suspect.

Here are simple time-proven but long-forgotten practices for increasing the number of manufacturing jobs and improving employment in production activities. We need to bring our nation’s attention back to the economics and the expansion principals long lost in the political sermons and run-arounds from Washington.

We need to bring these jobs back home, and soon. Here is why and how.

It’s Back to Business 101. It’s simple logic, and it’s a course taught in colleges across this nation; unfortunately, it’s an issue our federal government currently does not understand.

This is common sense: The primary reason most business owners do anything is to make a profit so they can earn a living. Unfortunately, most people who run our government are not business people and most were never trained to understand a simple formula—revenue minus costs equals profit, and without profit, a business doesn’t survive. It’s a simple formula of revenue minus higher costs equals less or no profit. All this sounds unassuming doesn’t it? Yet it is the formula for expansion and healthy economics being left out of our government’s strategies.

Creating jobs and opportunities for prosperity is mostly about the bottom line and this principle is simply what our government just doesn’t understand, especially after all these years as a republic. Small business as well as big business both need to make profits to stay in business. Businesses are not here as engines to keep this country running; they are here as machines to create profits for stockholders and the people who own businesses, nothing more. This is not a sad thing—it’s a great thing. A person wouldn’t open a coffee shop to bring in $100,000 a year if the anticipated costs were $130,000. As a U.S. citizen a coffee shop owner would need to put at least $30,000 to $40,000, or probably more, in his pocket for his family or he would just shut the enterprise down as a loss.

What follows is one of our country’s largest problems. The year was 1981. It was a transitional year, and it was a quiet year, and nearly no one noticed the formable shift in our economic power; but this is the year our trade surplus became a deficit. The U.S. moved over the threshold from being a net exporter of goods, to being a net importer. This is one of the saddest moments in the history of American prosperity. Since then it’s only gotten worse.

Once across this new threshold to our future, our deficit was a small one at first, but each month it climbed steadily and continued to grow each year. It was a time when we were still producing toasters, ovens and refrigerators, and the percent of U.S.-manufactured goods in our GDP was sitting at about 76%; but our production was dropping, and dropping steadily. By the way, U.S. manufacturing now only accounts for about 9% of U.S.GDP.

Many or most of the U.S. manufacturing jobs, which have kept Americans fully employed, families fed, and the country growing, were eliminated as much lower-paid foreign workers in foreign lands took over our production. U.S. jobs simply moved to Asia and beyond. Many Americans were and are still left jobless, from the departure of many of these industries, many years ago.

So, let’s stop talking about the past, there are certainly plenty of fingers to point.

Here is a plan, an idea, which can turn the direction and save the country from financial ruin. First, as a nation, we need to have a comprehensive plan, not a one or two year plan to get politicians elected and reelected, but a program planned for at least 20 years, or much longer. This plan needs to be aimed at the re-creation of well-paid manufacturing jobs.

Keeping Americans employed in satisfying, good-paying jobs is not rocket-science, yet such an effort requires the thoughtfulness and planning it took to get NASA to the moon. Such ambitious goals cannot be achieved in the short 24 or 48-month election cycles our politicians like to work in, or not work.

Secondly, we need to understand not everyone in our country is going to attend college. Not everyone is going to be a teacher, a football or basketball player, or a PhD or a musician, or an actor; therefore, let’s be realistic by making certain there are many more good paying jobs and careers available for any citizen willing to work.

To do so, we must create a plan to make our country strong again by making things with our heads and our hands. This was the path to economic success for the U.S. during the last few centuries and it can be again. We