Friday Follies at NC Policy Watch has a lot of good stuff this week, including a bit about the North Carolina economy. Here's the punchline:
The 2007 Economic Forecast Lunch this week sponsored by North Carolina Citizens for Business and Industry and the North Carolina Bankers Association presented some mixed messages. The prediction from economists was that North Carolina’s economy would grow faster than the nation’s as a whole in 2007 and that the state’s rapid population growth would continue.
The state gained 133,000 jobs in 2006. Knight Kiplinger, one of the keynote speakers, told the crowd that North Carolina was one of 11 states that will grow more than 30 percent in jobs and population in the next 20 years. In other words, the state’s economy is faring well overall and future prospects look bright as well.
That surely must have disturbed some of the attendees and the leadership of NCCBI who keep telling us that the state’s tax rates on corporations and wealthy individuals are hurting economic development. Must not be hurting it too much, if the economists are forecasting strong job growth and that people will continue to flock to the state.
The right-wingers could find solace in the address by BB&T CEO John Allison however. The Wilson Times reports that Allison told the crowd that government regulation was the problem and that “80 percent of regulation was unnecessary and could be eliminated.”
Allison also had some advice about how to improve North Carolina schools, make them more private. Sounds like he has been spending too much time on the wrong websites.
John Allison isn't just spending time at the wrong websites, he's also funding the wrong websites. According to Guidestar, BB&T has contributed $45,000 to fund free-market propaganda from John Locke Foundation over the past two years alone. No wonder he's so full of bull. Another government-hating rich guy, milking the NC tax laws for every penny he can - while complaining all the way to his bank.