North Dakota is No “Economic Island”
Monday, December 15, 2008
Bismarck, ND – North Dakota’s families have not been in the spotlight as victims in the nation's economic crisis, but some think it may only be a matter of time before the state starts feeling the pinch. Former State Attorney General Heidi Heitkemp is a keynote speaker at meeting in Bismarck to explore how the state can weather the economic downturn. Her message is that many in business and state government are kidding themselves that North Dakota is insulated from the turmoil.
"I think that is folly and we need to make sure people understand that North Dakota is not an island. North Dakota is part of the global economy and whatever happens with the global economy will also happen in North Dakota."
A national economic rescue package should include foreclosure mitigation, job creation and an infusion of cash to states, according to Heitkemp. She adds that time spent pointing fingers of blame is time wasted right now, although she believes those responsible for the economic mess should be identified.
"We need too hold the politicians and the Wall Street barons accountable when this is all over, and when we can see the light at the end of the tunnel on the economy."
In Heitkemp's opinion, North Dakota need to be building and investing for the future and that investment needs to be in our productivity and not just put into financial institutions.
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