I recently came across a Hollywood Movie Star who stated “Thank God President Rick Perry” So I thought I would look it up AND CHECK HIS RECORD
According to a Wall Street Journal article, Richard Fisher, the president of the Federal Reserve Bank of Dallas, using Bureau of Labor Statistics (BLS) data, found that since June 2009 37% of all net new jobs in America were created in Texas. Even though Texas is an energy state benefitting from high oil and natural gas prices, Fisher touts Texas’ business friendly environment, its right-to-work laws, and its “tort reform”– a $250,000 cap on punitive damages.
The WSJ article even calls Texas “fiscally responsible.” That’s the same Texas with a $27 billion budget shortfall. The WSJ article also uncritically cites Texas’ statutory limits on mortgage borrowing, a regulation of the financial industry they would decry if Obama proposed it.
While the 37% figure is accurate, the details are what’s interesting. Texas has the highest percentage of minimum wage worker in the country. The level of minimum wage jobs has increased during Perry’s reign.
The median hourly earnings for all hourly-paid wage and salary workers in Texas stood at $11.20 per hour in 2010; nationally, the median was $12.50. Minimum workers….Two Hundred twenty thousand in 2007…. 550 thousand plus and counting
Texas also ranks number one in the percentage of residents without health insurance. Texas’ percentage is almost 28%. Massachusetts, with Romneycare, has the lowest at 4.7%.
According to The Economist, the state-level Gross Domestic Product of Texas grew by 2.6% last year, equal to the national average. New York grew by 5.1% and California by 1.8%.
Here is a listing of the Perry economic portfolio touted as a model for the whole country:
Highest percentage of minimum wage jobs.
Highest percentage of residents with no health insurance.
A budget deficit of $27 billion.
Lower than average wages.
Average growth in GDP.
Perry has touted Texas’s fabulous success in job creation, but it’s not entirely clear what he’s talking about. The state has created a lot of new jobs and the unemployment rate is better than average – it ranks 24th – with unemployment at a stubborn 8%. It is true that Texas’ population is growing rapidly, but the majority of the growth is coming from Mexico.
Texas is growing, but it is also growing poor. Its high poverty rate, fifth highest in the country, is even more dramatic when you consider its inequality. To quote a report from the University of Texas, “Texas is only one of three states to rank in the top five in each category of poverty – that is, to be in the top five in both poverty rate and income inequality (the other two are Mississippi and Louisiana).” With a gini coefficient of .49, the gap between rich and poor in Texas is slightly greater than Mexico (.48). It should come as no surprise that it also among the worst states in terms of money spent on education (37th), graduation rates (43rd), teenage pregnancy (46th), literacy (47th), and percentage of uninsured (50th). And its government ranks 50th in the U.S. in terms on money spent per capita.
And I can tell you from my own very surprising personal experience that the move from supposedly low-tax Texas to crazy-taxtational Yankee-land somehow slashed my own tax bill dramatically. Others describe a similar experience. The lack of an income tax puts a heavy tax burden on middle-earning homeowners. Look at it this way.
A 23$ Phone bill in Texas comes with 17$ of total tax of which 7$ come from the Federal Gov.
Texas’ best economic advantage comes from the culture. You can’t give that to someone.
An aspiring Texas entrepreneur will face relatively little pressure to support a union racket, bribe a city councilman, or spend thousands of dollars a month deciphering layers of bizarre and pointless local regulations imposed at every level of an endless state and local bureaucracy.
Why? Because Texans don’t tolerate those obstacles . I am sure that we all remember the threats of succession.
With this culture of open business development, imagine what Texas could accomplish if it had the finest schools, top research institutions, and a first-class communications and transportation infrastructure. Ranking 50th in spending, Texas has plenty of room to get this done if Texans only wanted it.
But nevermind. Forcing pregnant girls, one of Texas’ most abundant natural resources, to get a sonagram prior to an abortion is probably more important.
What are the other parts of the Texas Advantage that the rest of the country should emulate.?
Rick Perry is a “big government” politician. When Rick Perry became the governor of Texas in 2000, the total spending by the Texas state government was approximately $49 billion. Ten years later it was approximately $90 billion. That is not exactly reducing the size of government.
The debt of the state of Texas is out of control. According to usdebtclock.org, the debt to GDP ratio in Texas is 22.9% and the debt per citizen is $10,645. In California (a total financial basket case), the debt to GDP ratio is just 18.7% and the debt per citizen is only $9932. If Rick Perry runs for president these are numbers he will want to keep well hidden.
The total debt of the Texas government has more than doubled since Rick Perry became governor. So what would the U.S. national debt look like after four (or eight) years of Rick Perry?
Rick Perry has spearheaded the effort to lease roads in Texas to foreign companies, to turn roads that are already free to drive on into toll roads, and to develop the Trans-Texas Corridor which would be part of the planned NAFTA superhighway system. If you really do deep research on this whole Trans-Texas Corridor nonsense you will see why no American should ever cast a single vote for Rick Perry.
Between December 2007 and April 2011, weekly wages in the U.S. increased by about 5 percent. In the state of Texas they increased by just 0.6% over that same time period.
Rick Perry attended the Bilderberg Group meetings in 2007. Associating himself with that organization should be a red flag for all American voters. Look it up
Rick Perry actually issued an executive order in 2007 that would have forced almost every single girl in the state of Texas to receive the Gardasil vaccine before entering the sixth grade. Perry would have put parents in a position where they would have had to fill out an application and beg the government not to inject their child with a highly controversial vaccine. Since then, very serious safety issues regarding this vaccine have come to light. Fortunately, lawmakers in Texas blocked what Perry was trying to do.
Unfortunately, the American people have been dead asleep and have been sending incompetents, con men and charlatans to Washington D.C. for decades.
Hopefully things will be different in 2012.