OT: Rick Perry’s ‘jobs miracle’ is a fraud

[DomoArigato]

It turns out that there was no ‘jobs miracle’ in Texas.

There was just a massive amount of government deficit spending (Texas state debt grew 281 percent over the last ten years as compared to a 234 percent increase in federal debt)

http://www.star-telegram.com/2011/07/12/3217429/texas-debt-growing-at-faster-rate.html

The massive government deficit spending caused Texas public sector employment to increase at double the rate of Texas private sector employment over the last ten years. Over the last thee years, public sector employment in Texas grew by 6.4% as compared to a -0.6 percent decline in private sector employment.

http://www.thenation.com/article/163065/second-death-john-maynard-keynes

On the bright side, if Perry does get elected, maybe he will continue his massive government spending at the federal level which would help to pull the U.S. out of recession.

[Anonymous]

A more objective look at the facts:

Texas-Size Recovery

Perry’s results are mixed, at best.

The question for the election will be whether the public really bothers to look at the details, or whether most voters just accept the superficial, and very qualified, job growth claim.

But his biggest problem is Bush.

[bearishgurl]

Harris County, TX (county seat “Houston”) received a HUGE amount of long-term Federal government assistance in late 2005 to initially accept 250K+ “refugees” from Hurricane Katrina and eventually permanently resettle about 60K of them. More were later resettled there in the first quarter of 2006.

Here’s a link discussing the aftermath in TX of the initial 250K refugees bussed there.

http://www.pbs.org/newshour/bb/weather/july-dec05/houston_9-8.html

I have no doubt that not only did this “assistance” help with welfare payments and other cash assistance, $$ to boost their Section 8 rolls and EBT cards (Dept of Agriculture) was also provided, as well as various business incentives to hire many of these refugees.

As I recall, this area was chosen by the Federal government for a massive relocation because it had the (housing) vacancies and room, its climate was similar to New Orleans and Katrina victims could more easily assimilate due to cultural affinities present there. In addition, TX politicians at the time welcomed the influx of (warm-bodies-soon-to-be-taxpayers) refugees.

The “Houston” area resettlement was meant to act as a permanent fix to gradually move the resettled families off “lifetime” welfare rolls who were formerly languishing on them in the State of LA in an area rife with long-term chronic unemployment and substandard housing.

For the most part, this government infusion of cash (to Harris Co, TX) accomplished what it was intended to do but also had the effect of boosting its long-term economy. :=]

[OnPoint]

Interesting read…

Rick Perry And Texas Job Numbers

[Allan from Fallbrook]

[quote=OnPoint]Interesting read…

Rick Perry And Texas Job Numbers

OnPoint: Uh-oh. That article contains facts and data. Those can be problematic for certain posters.

[Zeitgeist]

Perry’s numbers look better than Obama’s.

[EconProf]

[quote=OnPoint]Interesting read…

Rick Perry And Texas Job Numbers

Lots of in-depth analysis of the true nature of the Texas economy, by an admitedly anti-Perry author. Since the entire election season may center around Perry’s record vs. Obama’s, its worth a read.

[svelte]

Maybe I’m just getting too used to well polished Hollywood type politicians, but I wasn’t overly impressed with any of the candidates in the debate last night. The parts I saw anyway.

And they all certainly have their vulnerabilities. It is going to be a fairly interesting Presidential race, methinks.

[DomoArigato]

[quote=svelte]Maybe I’m just getting too used to well polished Hollywood type politicians, but I wasn’t overly impressed with any of the candidates in the debate last night. The parts I saw anyway.

And they all certainly have their vulnerabilities. It is going to be a fairly interesting Presidential race, methinks.[/quote]

As a Liberal, I like that Perry doubled the size of the Texas state debt and grew the public sector at twice the rate of the private sector during his term. Perry also raised taxes during his term as Governor of Texas. I think we need something similar at the Federal level to get us out of this economic jam.

Perry is looking better than Obama at this point.

[briansd1]

Looks like the Perry campaign is on its last leg.

http://www.cnn.com/2011/11/10/opinion/graham-debate-perry/index.html?hpt=hp_c1

[markmax33]

[quote=DomoArigato][quote=svelte]Maybe I’m just getting too used to well polished Hollywood type politicians, but I wasn’t overly impressed with any of the candidates in the debate last night. The parts I saw anyway.

And they all certainly have their vulnerabilities. It is going to be a fairly interesting Presidential race, methinks.[/quote]

As a Liberal, I like that Perry doubled the size of the Texas state debt and grew the public sector at twice the rate of the private sector during his term. Perry also raised taxes during his term as Governor of Texas. I think we need something similar at the Federal level to get us out of this economic jam.

Perry is looking better than Obama at this point.[/quote]

I thought one of the most educational points of the night was when Ron Paul described the difference between Crony Capitalism and real capitalism. I never thought of it this way but he was dead on. Companies that get rich from GOV bailouts, fed bailouts, sweetheart GOV contracts, etc are crony capitalism. Real capitalism is when Steve Jobs creates something unique for the market place and they love it. Real capitalism is when Starbucks started up from nothing, etc.

[Anonymous]

[quote=markmax33][…]Ron Paul described the difference between Crony Capitalism and real capitalism. I never thought of it this way but he was dead on.[…][/quote]

So what did you think the difference between crony capitalism and real capitalism was before Ron Paul enlightened you?

BTW, the government was very much involved in the development of internet.

Did Steve Jobs benefit from the internet?

Al Gore even had something to do with it: http://www.snopes.com/quotes/internet.asp

Did I prove all your points?

[DomoArigato]

[quote=markmax33]
I thought one of the most educational points of the night was when Ron Paul described the difference between Crony Capitalism and real capitalism. I never thought of it this way but he was dead on. Companies that get rich from GOV bailouts, fed bailouts, sweetheart GOV contracts, etc are crony capitalism. Real capitalism is when Steve Jobs creates something unique for the market place and they love it. Real capitalism is when Starbucks started up from nothing, etc.[/quote]

What do you call it when Rand Paul stands in the way of regulation of the oil and gas industry that would save people’s lives?

A senator who opposes federal regulation on philosophical grounds is single-handedly blocking legislation that would strengthen safety rules for oil and gas pipelines, a bill that even the pipeline industry and companies in his own state support. Republican Sen. Rand Paul’s opposition to the bill hasn’t wavered even after a gas pipeline rupture last week shook people awake in three counties in his home state of Kentucky.

…

A deadly gas pipeline explosion near San Francisco last year — along with other recent gas explosions and oil pipeline spills — has created consensus in Congress, as well as in the industry, that there are gaps in federal safety regulations.

http://www.nola.com/politics/index.ssf/2011/09/sen_rand_paul_blocks_pipeline.html

If only the world was as simple as Libertarian pea-brains think it to be.

[Anonymous]

The free market will solve the problem.

After the explosions, the remaining homeowners – the ones who are not dead – will just switch to another gas company.

[scaredyclassic]

A human life really isn’t that expensive. Couple million rapidly devaluing dollars. GOV way overvalued them.

Or maybe not.

Maybe that’s why they sent soldiers in harms way w insufficirnt armor in Iraq

[Author]

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