November 1, 2011 3 Comments
“Driverless cars,” what better message to tell government to get out of the way!
“This fog” being the deficit. In fact we are in a fog and missing the “byte”when we as a country, look towards investing more in asphalt highways, in roads and rail and less towards technology, the information highway to invest in our future competitiveness in the global marketplace.
The future is technology and “smart or driverless cars” Yes, cars that drive themselves.
Admittedly they have to “learn the course.” Like on HWY 5 in LA bumper to bumper smart cars will drive at 80 mph during rush hour. Think about navigating your iPad or reading your Kindle while your smart car drives itself. Your commute can be cut in half because your car’s the ass who tailgate the car in front of you without getting flipped “the bird” or into a “fender bender.” Who needs more infrastructure?
Currently we are chasing four economies in global competitiveness, including Number One, Switzerland. Number Two is Singapore? Number Three is Sweden and Number Four is Finland. We’re Number Five. Number Five!
Read my Blog post India Gets IT! Information Technology that is…. The message should be clear. Most ground breaking technology (IT) is spawned by small business. I know. I am the founder and CEO of an IT business who has spawned new products that include all the ingredients of a successful small business that can compete globally.
I consider myself a grinder, maybe a lone wolf. Prideful. A do-it-yourselfer. Is that the definition of an entrepreneur? It depends on who you ask. Is that the definition of a small business owner? More than likely the answer would be “yes.” The difference between an entrepreneur and a small business owner? None, until the entrepreneur, who is an idea capitalist who chooses outside angel or VC investors.
Everybody has heard of the IPO bubble in the early 2000’s where billions of investment dollars were squandered on ideas. I pride myself by coining the phrase, “An idea is only worth it’s execution.” The idea capitalist who decides to forego outside investors, the grinder, the small business person, is more likely to sustain upticks and downturns in the economy.
We have a 14B deficit. We have over 9% unemployment, We can argue how we might cut entitlements or raise taxes on the rich all day long. The bottom line is all we want is our cake and eat it too. So I’ll let the experts argue what we need to do to stimulate the economy, reduce the deficit and add jobs. Afterall they have all the answers, don’t they?
Unfortunately the answer is “no.” Instead of idea capitalists, we have intellectual genocide where MSNBC pundits who have never had an original idea in their lives, interview (bait) Herman Cain about his 9.9.9 proposal and dismiss it with the age old adage that assumes “poor people” spend more of their income? on consumer goods than rich people therefore a national sales tax is a burden on the poor. Since poor people have little or no income how does this equate? Herman Cain is an idea capitalist. He is a grinder. Given the opportunity, he will be successful in helping the US create jobs, lower the deficit and increase our global competitiveness.
The real answer is to increase small business competitiveness in a global economy. The Obama administration wants to spend billions more on infrastructure. All I can think of are traffic cones and hard hats standing in our way and in the way of the progress we are making in new technology. Technology that solves the infrastructure problems and creates jobs.
“It makes little sense for the United States to turn away highly educated immigrants who seek to come here. It makes equally little sense to train talented foreign students in our universities but then fail to integrate them into our economy. Nearly 300,000 foreign students are enrolled in advanced degrees programs here, but the great majority will return home. We are casting away the fruits of our own investment. As has long been our American tradition, we should encourage the world’s innovators, inventors, and pioneers to immigrate to the United States and we should encourage those we train to settle and create jobs here.” Romney for President (2011-09-01). Believe in America: Mitt Romney’s Plan for Jobs and Economic Growth
Visa Caps for Highly Skilled Workers
As president, Mitt Romney will also work to establish a policy that staples a green card to the diploma of every eligible student visa holder who graduates from one of our universities with an advanced degree in math, science, or engineering. These graduates are highly skilled, motivated, English-speaking, and integrated into their American communities. Permanent residency would offer them the certainty required to start businesses and drive American innovation. Romney for President (2011-09-01). Believe in America: Mitt Romney’s Plan for Jobs and Economic Growth.
Are jobs coming back to the US? Case in point. A big business goes overseas to China to make an integral component of a product going to market. The product can be produced at 50% of the cost to produce the part in the US. The product made overseas requires a delivery timeframe of 12 weeks as opposed to 4 weeks in the US. The part is produced and delivered but not according to spec. A US company, TJH Manufacturing, Zion, IL, with a stellar reputation is recruited to re-engineer and deliver the part in time for market. The big business with the overseas propensity ends up paying four times the originally anticipated product cost.
My vote is for a “driverless government,” but first we have to put Congress and the Administration through the course. Let’s start by teaching them the constitution.