A Real Strategic Stimulus Plan- Invest in Manufacturing Industries

Everyone agrees that we need to CREATE more jobs...but not everyone agrees on the type of jobs and how to do it. Let me share some of my ideas of what I would do>
First of all I would create MANUFACTURING jobs and get away from the mistaken idea that we should let the world "make our products" and we will be the Service capital of the world. Over the past three decades we have invested our resources into financial, health care, educational and recreational services. We thought that the Wall Street was immune from competition. The same is true of health care, education and recreation. We have now found this was a poor assumptions since even the SERVICE jobs have been outsourced to India and other developing nations.
So we have let our good paying manufacturing jobs be exported to the LOW LABOR parts of the world, with CHINA now being the biggest and most powerful. The result is that entire communities and States, like upper New York, Central Connecticut, Massachusetts..as well as the RUST belt..died or just been harvested to slow death.

This is what I think we need to do:

1. Select industries where we can not only compete but dominate. This may be integrated circuits, communications equipment and other consumer/ industrial markets.
2. Give our youth the option to LEARN trades, be apprentices, skilled craftsmen or women and not just go to colleges.
3. Invest STIMULANT money in refurbishing existing factories, build new factories, even be willing to own the facilities and RENT or LEASE them to companies who would use them.
4. This should include providing health care services, call centers, service centers and so on.

In short, use part of the stimulant money to recreate industries where we can win and not just build roads and other public facilities.

The United States can compete. There is no need to just BUY AMERICAN, but there is a need to REINVEST in our ability to compete. However, we must also be realistic, OTHER COUNTRIES are already doing this and so we must give our companies a chance to win. I would favor SMALL COMPANIES, but also allow the BIG companies to get aid if they want them and will build in the US and not just export our jobs and know how.

Bill Rothschild, author of of a complete Strategic Leadership Library.


The first and most comprehensive Strategic thinking and decision making process.

The only comprehensive assessment of GE's 127 years..including successes and failures.

Linking LEADERS and STRATEGIES

the HUMAN SIDE OF COMPETITION