Our plan, "NC Competes," will promote long-term sustainable job growth and capital investment. It will encourage mid and large scale manufacturing, because manufacturing is part of our DNA. It will leverage our university research advantage to attract venture capital and a new generation of entrepreneurs, as well as help retain North Carolina's home-grown talent. This plan is based on a series of guiding principles--principles designed to grow North Carolina while protecting our taxpayers. NC Competes recognizes the importance of economic strength in all regions but emphasizes support to areas of high unemployment. NC Competes will require strong financial safeguards to provide a positive return to state revenues.
Marshall pointed to stronger regulation, saying the mentality on Capitol Hill has been that Wall Street will heal itself and that market forces will take care of things. She said that regulators need more funding, and that businesses have had too cozy of a relationship with the government officials that oversee them. "We've seen what happens when capitalism takes over," said Marshall, a regulator herself as NC's secretary of state.
Burr said government shouldn't be playing a bigger role with a stronger hand but should focus on regulating the products that were overlooked--such as the complex derivatives blamed in the nation's economic collapse--and to make sure the existing regulators are doing their jobs.
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