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To: Son House
...the population of North Dakota is about 600,000

Not any more. Heck, half of Idaho is over here working, and I've seen license plates from every state in the union.

Closer to 700,000 now.

But then, a bunch of his other statements indicate these folks are 7-10 years behind what has been going on here, and they ignore the effects the development here has elsewhere. Tools, tubular goods (casing, drill pipe, pipeline), vehicles, equipment, parts, even exported electricity all factor into economies outside their Federal Reserve District's purview, because they are produced outside it and shipped in.

There are waitresses in Iowa who might not have a job if it wasn't for the truck traffic headed to and from here.

Which indicates to me that they still don't get it.

5 posted on 08/20/2012 3:48:22 AM PDT by Smokin' Joe (How often God must weep at humans' folly. Stand fast. God knows what He is doing)
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To: Smokin' Joe
Despite the small impact the boom has had on the national economy Mary Brainerd, President and CEO of the Class C directors at the Federal Reserve, did see some positives that could help the US.

....so the second largest producer of oil (after Texas) has a "small" impact on the US economy.......

unbelievable

6 posted on 08/20/2012 3:56:19 AM PDT by spokeshave (The only people better off today than 4 years ago are the Prisoners at Guantanamo.)
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