Thomas (Tom) Shipley Jr. is a prolific writer and has been widely published by the trade press for general industrial, electrical, electronic, and metalworking sectors. Tom was born in Kingsport, Tennessee, served in the U.S. Navy during World War II. He was a 1950 graduate of Virginia Polytechnic Institute, Blacksburg, Virginia, with a BSEE degree with honors in electrical engineering, and memberships to Phi Kappa Phi, Eta Kappa Nu, and Tau Beta Pi honorary societies. He joined the General Electric Company, September 1950, and served in engineering, corporate and field sales functions, and as corporate, district, and division application engineer. From 1960 to 1965, he was GE Specialty Control Department’s product planner and application engineer -- first for computer numerical controls for machine tools, then for computer operated test and inspection systems. In 1965 he joined Monarch Machine Tool Company, Sidney, Ohio, as Manager, Numerically Controlled Machine Sales, and in 1969, as International Sales Manager. In 1973, he joined AA Gage Division of U.S. Industries, Inc. as Vice President of Marketing. In 1976 he and his late wife, Virginia Doane, formed the Machine Tool Sales Company -- a complete marketing service for metal working, machine automation, and computer manufacturing firms. This work has kept him abreast of technology. To further his interest in writing, he formed Shipley Marketing/Advertising, and published a cookbook, written with his late wife, For the Good Times - The Best of Fifty Years and The Shipley’s Little Cooking Guide (Shipley Publishing, 26 pgs). He subsequently published Man-Made Global Warming? It’s Foolishness (AuthorHouse 120 pgs). He is a member of the Society of Mechanical Engineers (SME), Institute of Electrical & Electronic Engineers (IEEE), and was a member of the Numerical Control Society (NCS), Abrasive Engineering Society (AES), the Economics Club of Detroit, and has spoken on a wide range of subjects for them and various other associations. He was a featured speaker at the first Systems Engineering Conference held in New York City in 1964. He has been included in “Who’s Who in U.S. Writers, Editors and Poets”, Marquis” Who’s Who in Finance and Industry”, and U.S. Registry’s “Who’s Who in Leading American Executives”. He was listed in Bradford’s Directory of Marketing Research Agencies and Management Consultants in the United States and the World, the only firm specializing in the metalworking field.
Why Government Can Never Fix a Down Economy
And Why It Should Never Try
by Tom Shipley
Why Government Can Never Fix a Down Economy
And Why It Should Never Try
by Tom Shipley
Published Dec 19, 2012
135 Pages
Genre: BUSINESS & ECONOMICS / Accounting / Financial
Book Details
A down economy occurs when too many businesses see incoming orders shrink too much. But always, among the 29 million firms that comprise our marketplace, some businesses will be doing well. In the past, we devised a way to find them, fund them, and begin the healing process. Nobody knows, regardless of studies or the number of degrees held, who those firms or business sectors, in aggregate, are. But our government, invariably, selects some, presents them with tax money as stimulus, and the economy continues to sleep. The money was wasted and no national or market purpose was served. Citizen-households, in dealing with all 29 million businesses, unintentionally are funding those poised for growth -- and at no cost to taxpayers. The private sector has 132 million citizen-households that spend money to buy an infinite variety of products or services, every day, that they need or desire from those businesses. And that money, secondarily, is finding all of the firms peculiarly poised for growth and is feeding them. With time, the market will heal and grow if government does nothing. But government can shorten the period of distress: Remove business-retarding regulations. And it can shorten it much further if the private sector, additionally, is allowed to retain a little more of its tax money -- to further stimulate those poised. To make the nation’s period of economic distress the absolute shortest, the government has to do this: Give all private sector businesses more money (lower tax rates with no time limit), remove any regulatory stumbling blocks to business (for example, let drilling begin on federal land), give the private citizens more money to spend (lower tax rates with no time limit), and stand back. The widespread distribution of funding will find those elements that are poised for growth, and if enough elements are found, the correction will begin - and continue, like the falling of dominoes. Government can’t do anything more. If the market isn’t ready, it may take more time, and permanence of all the actions is required. Today, world-wide, economies are in turmoil; our consumers’ money could find some businesses, poised, that left for foreign shores early on, now ready to return.