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Re-igniting America, A Transformative Path to Economic Prosperity by Richard D. Smith, CEO, SMITH-TRG
Re-igniting America, A Transformative Path to Economic Prosperity by Richard D. Smith, CEO, SMITH-TRG
Re-igniting America, A Transformative Path to Economic Prosperity by Richard D. Smith, CEO, SMITH-TRG
Re-igniting America, A Transformative Path to Economic Prosperity by Richard D. Smith, CEO, SMITH-TRG
Re-igniting America, A Transformative Path to Economic Prosperity by Richard D. Smith, CEO, SMITH-TRG
Re-igniting America, A Transformative Path to Economic Prosperity by Richard D. Smith, CEO, SMITH-TRG
Re-igniting America, A Transformative Path to Economic Prosperity by Richard D. Smith, CEO, SMITH-TRG
Re-igniting America, A Transformative Path to Economic Prosperity by Richard D. Smith, CEO, SMITH-TRG
Re-igniting America, A Transformative Path to Economic Prosperity by Richard D. Smith, CEO, SMITH-TRG
Re-igniting America, A Transformative Path to Economic Prosperity by Richard D. Smith, CEO, SMITH-TRG
Re-igniting America, A Transformative Path to Economic Prosperity by Richard D. Smith, CEO, SMITH-TRG
Re-igniting America, A Transformative Path to Economic Prosperity by Richard D. Smith, CEO, SMITH-TRG
Re-igniting America, A Transformative Path to Economic Prosperity by Richard D. Smith, CEO, SMITH-TRG
Re-igniting America, A Transformative Path to Economic Prosperity by Richard D. Smith, CEO, SMITH-TRG
Re-igniting America, A Transformative Path to Economic Prosperity by Richard D. Smith, CEO, SMITH-TRG
Re-igniting America, A Transformative Path to Economic Prosperity by Richard D. Smith, CEO, SMITH-TRG
Re-igniting America, A Transformative Path to Economic Prosperity by Richard D. Smith, CEO, SMITH-TRG
Re-igniting America, A Transformative Path to Economic Prosperity by Richard D. Smith, CEO, SMITH-TRG
Re-igniting America, A Transformative Path to Economic Prosperity by Richard D. Smith, CEO, SMITH-TRG
Re-igniting America, A Transformative Path to Economic Prosperity by Richard D. Smith, CEO, SMITH-TRG
Re-igniting America, A Transformative Path to Economic Prosperity by Richard D. Smith, CEO, SMITH-TRG
Re-igniting America, A Transformative Path to Economic Prosperity by Richard D. Smith, CEO, SMITH-TRG
Re-igniting America, A Transformative Path to Economic Prosperity by Richard D. Smith, CEO, SMITH-TRG
Re-igniting America, A Transformative Path to Economic Prosperity by Richard D. Smith, CEO, SMITH-TRG
Re-igniting America, A Transformative Path to Economic Prosperity by Richard D. Smith, CEO, SMITH-TRG
Re-igniting America, A Transformative Path to Economic Prosperity by Richard D. Smith, CEO, SMITH-TRG
Re-igniting America, A Transformative Path to Economic Prosperity by Richard D. Smith, CEO, SMITH-TRG
Re-igniting America, A Transformative Path to Economic Prosperity by Richard D. Smith, CEO, SMITH-TRG
Re-igniting America, A Transformative Path to Economic Prosperity by Richard D. Smith, CEO, SMITH-TRG
Re-igniting America, A Transformative Path to Economic Prosperity by Richard D. Smith, CEO, SMITH-TRG
Re-igniting America, A Transformative Path to Economic Prosperity by Richard D. Smith, CEO, SMITH-TRG
Re-igniting America, A Transformative Path to Economic Prosperity by Richard D. Smith, CEO, SMITH-TRG
Re-igniting America, A Transformative Path to Economic Prosperity by Richard D. Smith, CEO, SMITH-TRG
Re-igniting America, A Transformative Path to Economic Prosperity by Richard D. Smith, CEO, SMITH-TRG
Re-igniting America, A Transformative Path to Economic Prosperity by Richard D. Smith, CEO, SMITH-TRG
Re-igniting America, A Transformative Path to Economic Prosperity by Richard D. Smith, CEO, SMITH-TRG
Re-igniting America, A Transformative Path to Economic Prosperity by Richard D. Smith, CEO, SMITH-TRG
Re-igniting America, A Transformative Path to Economic Prosperity by Richard D. Smith, CEO, SMITH-TRG
Re-igniting America, A Transformative Path to Economic Prosperity by Richard D. Smith, CEO, SMITH-TRG
Re-igniting America, A Transformative Path to Economic Prosperity by Richard D. Smith, CEO, SMITH-TRG
Re-igniting America, A Transformative Path to Economic Prosperity by Richard D. Smith, CEO, SMITH-TRG
Re-igniting America, A Transformative Path to Economic Prosperity by Richard D. Smith, CEO, SMITH-TRG
Re-igniting America, A Transformative Path to Economic Prosperity by Richard D. Smith, CEO, SMITH-TRG
Re-igniting America, A Transformative Path to Economic Prosperity by Richard D. Smith, CEO, SMITH-TRG
Re-igniting America, A Transformative Path to Economic Prosperity by Richard D. Smith, CEO, SMITH-TRG
Re-igniting America, A Transformative Path to Economic Prosperity by Richard D. Smith, CEO, SMITH-TRG
Re-igniting America, A Transformative Path to Economic Prosperity by Richard D. Smith, CEO, SMITH-TRG
Re-igniting America, A Transformative Path to Economic Prosperity by Richard D. Smith, CEO, SMITH-TRG
Re-igniting America, A Transformative Path to Economic Prosperity by Richard D. Smith, CEO, SMITH-TRG
Re-igniting America, A Transformative Path to Economic Prosperity by Richard D. Smith, CEO, SMITH-TRG
Re-igniting America, A Transformative Path to Economic Prosperity by Richard D. Smith, CEO, SMITH-TRG
Re-igniting America, A Transformative Path to Economic Prosperity by Richard D. Smith, CEO, SMITH-TRG
Re-igniting America, A Transformative Path to Economic Prosperity by Richard D. Smith, CEO, SMITH-TRG
Re-igniting America, A Transformative Path to Economic Prosperity by Richard D. Smith, CEO, SMITH-TRG
Re-igniting America, A Transformative Path to Economic Prosperity by Richard D. Smith, CEO, SMITH-TRG
Re-igniting America, A Transformative Path to Economic Prosperity by Richard D. Smith, CEO, SMITH-TRG
Re-igniting America, A Transformative Path to Economic Prosperity by Richard D. Smith, CEO, SMITH-TRG
Re-igniting America, A Transformative Path to Economic Prosperity by Richard D. Smith, CEO, SMITH-TRG
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Re-igniting America, A Transformative Path to Economic Prosperity by Richard D. Smith, CEO, SMITH-TRG

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Presentation, which includes SMITH-TRG ANIMUS Plan a.k.a. 2011 U.S. Jobs Creation Plan, highlights and speaks to how community and enterprise stakeholders (Governors & CEO\'s), from across …

Presentation, which includes SMITH-TRG ANIMUS Plan a.k.a. 2011 U.S. Jobs Creation Plan, highlights and speaks to how community and enterprise stakeholders (Governors & CEO\'s), from across industry sectors and geographic regions, can - by working collaboratively - adapt to and capitalize on today’s market conditions, create sustainable jobs, and accelerate renewed economic growth.

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  • 1. Copyright 2010 SMITH-TRG, All rights reserved. August 2010 Re-igniting America ‘A Transformative Path to Economic Prosperity’ by: Richard D. Smith, SMITH-TRG, CEO Chairman’s Inner Circle, Keynote Address, August 18, Washington, D.C. SMITH-TRG
  • 2. August 2010 contents . . . Copyright 2010 SMITH-TRG, All rights reserved. introduction  TODAY’S REALITY  THE ‘ANIMUS’ PLAN  WHY - ACT - NOW This is a supplement to Keynote Address presentation. For reading not presenting. Excludes selected SMITH-TRG proprietary information. SMITH-TRG
  • 3. August 2010 introduction . . . Copyright 2010 SMITH-TRG, All rights reserved. Richard D. Smith is Founder & CEO of SMITH-TRG a global „trusted business-advisor‟ services firm and Chairman & CEO of U.S. Road To Recovery LLC a social good enterprise focused on assisting community and private sector leaders „nation-wide‟ build businesses and create U.S. jobs across industries and lines-of-business. Richard speaks frequently on national economic issues, visioning, innovation, emerging markets and enterprise transformation. In 2009, he authored the U.S. Jobs Creation Plan and associated presentations. SMITH-TRG
  • 4. August 2010 As in five previous U.S. Road To Recovery related studies SMITH-TRG considered how shifting Wall Street activities, Federal policies, business trends, Copyright 2010 SMITH-TRG, All rights reserved. emerging markets, employment demographics, declining state revenues, and consumer behavior have SMITH-TRG impacted the national economic infrastructure. This presentation highlights and speaks to how community and enterprise stakeholders, from across industry sectors and geographic regions, can - by working collaboratively - adapt to and capitalize on today’s market conditions, create sustainable jobs, and accelerate renewed economic growth. SMITH-TRG
  • 5. August 2010 today’s reality . . . Copyright 2010 SMITH-TRG, All rights reserved. how long can you fly . . . SMITH-TRG
  • 6. Copyright 2010 SMITH-TRG, All rights reserved. August 2010 in a plane that has no wings? SMITH-TRG
  • 7. Copyright 2010 SMITH-TRG, All rights reserved. August 2010 Jobs are the U.S. economy’s wings! SMITH-TRG
  • 8. Copyright 2010 SMITH-TRG, All rights reserved. JOBLESS RECOVERY SMITH-TRG August 2010
  • 9. Copyright 2010 SMITH-TRG, All rights reserved. August 2010 $13.3 Trillion TOTAL U.S. National Debt Debt per Citizen $42,669 or Taxpayer $119,556 July, 23, 2010 data SMITH-TRG
  • 10. August 2010 Q1/09 U.S. Debt Peaked at 357% of GDP Copyright 2010 SMITH-TRG, All rights reserved. SMITH-TRG
  • 11. August 2010 Gross Domestic Product (GDP) Trending Down Copyright 2010 SMITH-TRG, All rights reserved. SMITH-TRG
  • 12. Copyright 2010 SMITH-TRG, All rights reserved. August 2010 25.2 Million Actual unemployed citizens July, 23, 2010 data SMITH-TRG
  • 13. Copyright 2010 SMITH-TRG, All rights reserved. August 2010 High Jobless Cities & Towns El Centro, Arizona 27.6% Yuma, Arizona 26.4% Las Vegas, Nevada 14.5% SMITH-TRG
  • 14. Copyright 2010 SMITH-TRG, All rights reserved. August 2010 652,000 Americans gave up looking for work, June 2010. Removed from civilian labor force – they vanish from the statistics. Source: USA Today SMITH-TRG
  • 15. Copyright 2010 SMITH-TRG, All rights reserved. August 2010 $145 billion Annual U.S. unemployment insurance costs $14,025 per person yearly benefit 400,000 exhaust benefits weekly Source: USA Today analysis SMITH-TRG
  • 16. Copyright 2010 SMITH-TRG, All rights reserved. August 2010 $137 Billion Combined state and local governments deficits. Projected $144 billion in 2011. SMITH-TRG
  • 17. Copyright 2010 SMITH-TRG, All rights reserved. August 2010 1.6 Million Properties in some stage of foreclosure, first half 2010. Source: RealtyTrac SMITH-TRG
  • 18. Copyright 2010 SMITH-TRG, All rights reserved. August 2010 775 FDIC anticipated "problem" banks 2010. 140 U.S. banks failed 2009. Source: Treasury Department SMITH-TRG
  • 19. Copyright 2010 SMITH-TRG, All rights reserved. August 2010 $100 Billion Planned cuts in defense spending Source: Defense Secretary Gates SMITH-TRG
  • 20. Copyright 2010 SMITH-TRG, All rights reserved. August 2010 CONSUMERS “Spending 60 percent of what they normally do during a recovery.” Source: Bruce McCain, chief investment strategist at Key Private Bank SMITH-TRG
  • 21. Copyright 2010 SMITH-TRG, All rights reserved. August 2010 BUSINESS Restrained consumer spending, plus uncertainty about health costs after the enactment of reform legislation and pending tax changes, are contributing to business cautiousness about investing and hiring. SMITH-TRG
  • 22. Copyright 2010 SMITH-TRG, All rights reserved. August 2010 12 U.S. fell from 1st to 12th place in world‟s share of college degreed adults – 25 to 34 yrs. old. Source, the College Board SMITH-TRG
  • 23. Copyright 2010 SMITH-TRG, All rights reserved. August 2010 The Vicious Cycle DOWNWARD! Job losses are causing income losses, which in turn are constraining private demand, reducing tax revenues and U.S. Jobs Creation Plan causing higher deficits. SMITH-TRG
  • 24. Copyright 2010 SMITH-TRG, All rights reserved. August 2010 “the ultimate measure of a healthy & recovering economy. . .jobs growth!” SMITH-TRG
  • 25. Copyright 2010 SMITH-TRG, All rights reserved. SMITH-TRG August 2010
  • 26. Copyright 2010 SMITH-TRG, All rights reserved. August 2010 $50 Billion Annualized economic value of 1 Million net new U.S. jobs. SMITH-TRG
  • 27. Copyright 2010 SMITH-TRG, All rights reserved. August 2010 300K x 12 = 3.6M new jobs per month x months = net new jobs per year SMITH-TRG
  • 28. Copyright 2010 SMITH-TRG, All rights reserved. August 2010 “Even if the nation could add 2.15 million private-sector jobs per year starting in January 2010, it would need to maintain this pace for more than 7 straight years (7.63 years), or until August 2017, to eliminate the jobs deficit!” - Advance & Rutgers Report, Sept. 09 By: James W. Hughes and Joseph J. Seneca SMITH-TRG
  • 29. Copyright 2010 SMITH-TRG, All rights reserved. SYSTEM FAILURE ! SMITH-TRG August 2010
  • 30. Copyright 2010 SMITH-TRG, All rights reserved. August 2010 ONLY 132,000 Net new U.S. jobs created during 1st 7 months of 2010! SMITH-TRG
  • 31. Copyright 2010 SMITH-TRG, All rights reserved. KNOW? DID YOU SMITH-TRG August 2010
  • 32. Copyright 2010 SMITH-TRG, All rights reserved. August 2010 A very effective computer manufacturing industry has emerged in Asia, employing about 1.5 million workers -- factory employees, engineers and managers. SMITH-TRG
  • 33. Copyright 2010 SMITH-TRG, All rights reserved. August 2010 The largest of these is Hon Hai Precision Industry, a.k.a. Foxconn. Its revenue last year was $62 billion, larger than Apple, Microsoft, Dell or Intel. Foxconn employs over 800,000 people, more than combined worldwide head count of Apple, Dell, Microsoft, Hewlett-Packard, Intel and Sony. SMITH-TRG
  • 34. Copyright 2010 SMITH-TRG, All rights reserved. BOTTOM LINE SMITH-TRG August 2010
  • 35. Copyright 2010 SMITH-TRG, All rights reserved. August 2010 "Now is the time for America to do a business growth paradigm shift. A transformative rethink of how it designs, finances, builds, and grows market competitive U.S. based businesses.“ - Richard D. Smith, CEO, SMITH-TRG SMITH-TRG
  • 36. August 2010 the ‘animus’ plan. . . Copyright 2010 SMITH-TRG, All rights reserved. Long term – U.S. needs a job-centric economic theory – and job-centric political leadership -- to guide national plans and actions. SMITH-TRG
  • 37. Copyright 2010 SMITH-TRG, All rights reserved. In the interim . . . SMITH-TRG August 2010
  • 38. Copyright 2010 SMITH-TRG, All rights reserved. August 2010 The ANIMUS Plan SMITH-TRG‟s, 2011 - U.S. Jobs Creation Plan ANIMUS, Latin word, meaning - courage, vivacity, bravery, will, spirit, soul SMITH-TRG
  • 39. Copyright 2010 SMITH-TRG, All rights reserved. 3 - 12 - 5 - 150 SMITH-TRG August 2010
  • 40. Copyright 2010 SMITH-TRG, All rights reserved. August 2010 MISSION Build a nation-wide network of value driven new and re-invented U.S. enterprises operating profitably across industries & lines-of-business SMITH-TRG
  • 41. August 2010 KEY ELEMENTS Copyright 2010 SMITH-TRG, All rights reserved. LEADERSHIP MARKETS VISION Opportunities for Core Values & What Can Be Success Culture Jobs & Biz Value Growth PARTICIPATION Private & Public Sector JOB SEEKERS 25.2 Million MONEY & POLICY SMITH-TRG
  • 42. Copyright 2010 SMITH-TRG, All rights reserved. August 2010 CORE VALUES Leadership Culture Architecture Processes Knowledge Wealth Creation SMITH-TRG
  • 43. August 2010 SUCCESS INGREDIENTS Copyright 2010 SMITH-TRG, All rights reserved. Ignite „Stakeholder‟ Leadership Nurture Partnerships Anticipate Evolution Embrace Innovation Know Markets Establish Enterprise Growth Centers Put Your Money (and Regulations) Where You Policy Is SMITH-TRG
  • 44. Copyright 2010 SMITH-TRG, All rights reserved. August 2010 ENTERPRISE VALUE High Productivity High Quality Low Complexity Low Total Cost of Ownership/Operation SMITH-TRG
  • 45. Copyright 2010 SMITH-TRG, All rights reserved. August 2010 “Our pursuit of our individual businesses, which often involves transferring manufacturing and a great deal of engineering out of the country, has hindered our ability to bring innovations to scale at home.” - Andy Grove, former Chairman, Intel Bloomberg Businessweek article SMITH-TRG
  • 46. Copyright 2010 SMITH-TRG, All rights reserved. August 2010 Conclusion – ”As long as the scaling process is no longer happening in the U.S., plowing capital into young companies that build their factories elsewhere will continue to yield a bad return in terms of American jobs.” SMITH-TRG
  • 47. Copyright 2010 SMITH-TRG, All rights reserved. August 2010 ANIMUS CHALLENGE Must conquer growth at scale Overcome the growth stall. Manage growth across broad, far-flung increasingly large network of strategic alliances. SMITH-TRG
  • 48. August 2010 3 Million Net New U.S. Jobs in. . . Copyright 2010 SMITH-TRG, All rights reserved. 12 Months from Start TO 5 Billion Dollar Private Equity Fund 150 Billion Dollar Success IMPACT - a $5 billion ‘Citizen Wealth’ fund by and for participating citizens - SMITH-TRG
  • 49. August 2010 why – act – now. . . Copyright 2010 SMITH-TRG, All rights reserved. “You could say, as many do, that shipping jobs overseas is no big deal because the high-value work – and much of the profits – remain in the U.S.. That may well be so. But . . . SMITH-TRG
  • 50. Copyright 2010 SMITH-TRG, All rights reserved. August 2010 what kind of a society are we going to have if it consists of highly paid people doing high-value-added work – and masses of unemployed?” SMITH-TRG
  • 51. Copyright 2010 SMITH-TRG, All rights reserved. August 2010 “Without scaling, America just doesn‟t lose jobs -- we lose our hold on new technologies. Scaling is hard work but necessary to make innovation matter.” SMITH-TRG
  • 52. Copyright 2010 SMITH-TRG, All rights reserved. IF WE WAIT... SMITH-TRG August 2010
  • 53. Copyright 2010 SMITH-TRG, All rights reserved. August 2010 “the beatings will continue until morale improves!” The gap between U.S. poverty and wealth will grow . . . SMITH-TRG
  • 54. Copyright 2010 SMITH-TRG, All rights reserved. why ‘ACT’ now SMITH-TRG August 2010
  • 55. Copyright 2010 SMITH-TRG, All rights reserved. August 2010 The ANIMUS Plan An opportunity to systematically tilt strategic market playing fields to U.S. advantage. SMITH-TRG
  • 56. August 2010 GOVERNORS & CHIEF EXECUTIVES Copyright 2010 SMITH-TRG, All rights reserved. how long in a plane can that has YOU NO fly . . . wings? SMITH-TRG
  • 57. Copyright 2010 SMITH-TRG, All rights reserved. August 2010 Take action - learn about the ANIMUS PLAN SMITH-TRG
  • 58. Copyright 2010 SMITH-TRG, All rights reserved. SMITH-TRG For information -- Email Richard directly at RDSmith@SMITH-TRG.com His Mobile: 301.461.2387 www.SMITH-TRG.com

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