Wednesday, July 6, 2011
A recent state-by-state comparison study by the Texas Public Policy Foundation found that Texas had a state tax burden of 8.4%, compared to a U.S. average of 9.7%. And the Texas gross state product grew 94.5% over 10 years, vs. 66.3% for the rest of the country.
Texas far outpaces other states in job creation. Michael Cox and Richard Alm, director and writer-in-residence, respectively, at Southern Methodist University’s William J. O’Neil Center for Global Markets and Freedom write: “From January 2000 to June 2010 [Perry’s tenure], Texas had a net increase of nearly 1.1 million jobs—more than any other state by far. In fact, Texas’ outsized gains eclipsed the total of the next five job-creating states: Florida, Arizona, Virginia, Utah and Washington.”
More importantly, the Bureau of Labor Statistics reported that Texas created 129,000 new jobs in 2009—a recession year. That was more than half of all the jobs created in the country.
Not being able to defend his own economic record, or attack Perry’s, Obama would try to paint Perry in a negative light. That wouldn’t be easy. Perry served three terms in the Texas House as a Democrat, and supported Al Gore’s 1988 presidential bid. That was when there were still some conservative Democrats. Perry switched to the Republican Party in 1989.
Because Perry is from Texas, Obama would accuse him of being in bed with the oil and gas industry. And yet Perry just signed a law requiring gas drillers to publicize the chemicals they use in “fracking” to extract the gas. As the Wall Street Journal reported on June 20, “Environmental groups said the law doesn’t go far enough, but they agreed it was an important step.”