The Dallas Morning News held a summit of top area business leaders to get their take on how the economy will impact the DFW region. The upshot of the high level confab? So far the region has weathered the storm pretty well, but we cannot escape. We'll get hit and hit pretty hard.
"The group, which included the mayor, chief executives and experts from some of the city's most well-known companies, agreed that Dallas was probably the best place in the nation to weather the storm. They're looking to an activist federal government under President-elect Barack Obama to lead a massive national rescue mission.
"In the meantime, a lot of pain lies ahead."
Mayor Tom Leppert, On-Target office supply CEO and founder, Albert Black, Jr., Norm Bagwell, chief executive of Bank of Texas and nine others, see tough times ahead and look to President-elect Barack Obama's stimulus strategy to be important to economic recovery through job creation. It's both interesting and ironic that business leaders are looking to a Democratic administration to rescue the economic fortunes (figuratively and literally) of our country.