Posted on 08/22/2011 4:53:28 AM PDT by JohnRLott
With Texas Republican Governor Rick Perry officially entering the presidential race last week, liberals have started attacking Texas' economic record.
Paul Krugman in the New York Times went first last Sunday. "So what you need to know is that the Texas miracle is a myth, and more broadly that Texan experience offers no useful lessons on how to restore national full employment," Krugman claimed.
With the latest Gallup poll showing that just 26 percent of Americans approve of President Obama's performance on the economy, liberals have little choice but to try to distort what is happening in Texas.
Krugman: "In June 2011, the Texas unemployment rate was 8.2 percent. That was less than unemployment in collapsed-bubble states like California and Florida, but it was slightly higher than the unemployment rate in New York, and significantly higher than the rate in Massachusetts. . . ."
The Texas unemployment rate is about one percentage point lower than the national average, and it is true that other states such as New York and Massachusetts also have very similar rates (see the diagram here). But things in America are a lot worse than the simple unemployment rate number indicates . . . .
(Excerpt) Read more at foxnews.com ...
But NY is kinda far from Texas (probably not far enough for Texans)
If you break things down by counties you will find unemployment higher in the counties with the poorest education levels.
Memphis has a 12.1% unemployment rate..24% for youth. Which is higher than the state average.
Memphis has the worse schools in the state of TN. Along with very high property taxes, not as high as Cali or NY but still out of proportion to the rest of the state. Combine the 2 and you get higher unemployment numbers.
Business needs educated work force to operate them. When students graduating HS with A’s in math, need remedial math to begin Community College, you know something stinks like 3 day old unrefrigerated fish.
Remember that the bulk of the “stimulus” went to liberal areas.
Texas is making money off of natural gas.
The stimulus money will run out quickly. There are several decades worth of reserves.
Bamboozle's 8.2% unemployment rate good.
Perry's 8.2% unemployment rate bad.
Bamboozle's 8.2% unemployment rate represents a "recovery".
Perry's 8.2% unemployment rate represents a "recession".
Yo, Paul, what do you suppose Texas's unemployment rate would be if Bamboozle had been Governor for the last 10 years?
What do you suppose America's unemployment rate would be if Perry was President for the last 3 years?
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