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Saturday, January 10, 2009

People can help improve economic outlook

(Published in the Hickory Daily Record on January 10, 2009)

The employment situation in our area is bad and getting worse. We know about the financial crisis, and sadly many working people will suffer from years of poor management by government and business leaders.

As a citizen who tries to be responsible, I have communicated with national and local leaders about economic and regulatory issues, but I think we also have to look honestly at ourselves and what we can do to make our local situation better.

First, we need to watch our personal debt. The average household now has $9,000 in short-term debt, and this is a weight around our families' necks. If you still have your job, paying down debt would be a great investment.

Second, we should try to give a little more to our churches and civic organizations that help people who need it. The need will grow, and we need to step up our help to our neighbors.

Third, we need to think about our schools' drop-out rates and education in general.

When our economic development and government leaders pitch our area to businesses that may be interested in locating here, the quality of our workforce is a big issue. In the short term, if you are unemployed it may not be your top priority, but in the long haul it's crucial that we try to upgrade education and vocational training.

Let's pray that this recession will end soon.

Harry Hipps

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