But think of all those future democratic voters!!
468x80 Banner
Collapse
Announcement
Collapse
No announcement yet.
Feds Sending Riot Police To The Border
Collapse
X
-
I hear that one string banjo playin.......................
You know who else inherited everything from Bush? Rick Perry. Governor of the 14th largest economy in the world."Nobody's so poor that democrats can't get rich screwing 'em."
boom
Comment
-
Unfortunately we are governed by a president who can and does chose which laws he choses to enforce and when. Is that the sort of country you want to live in? We are a nation of laws, not of men...even the president.Originally posted by H.Maier View PostI just did. Twice."GET OFF MY REEF!"
Comment
-
-
That is why the libs hate Perry and all that is Texas. It is irrefutable evidence that everything that they believe in is wrong and does not work.Originally posted by JT View Postbut, but, but boom. We are also a "right to work" State. How can this be?"Nobody's so poor that democrats can't get rich screwing 'em."
boom
Comment
-
There are good honest patriotic people here on this forum that should gather the facts before listening to Fox, Limbaugh,Hannity, Palin, Huckabee, Berry,Ingrahmn,Beck, Levine, and Hannity. But I understand because Rush is the GOP and TP Party head in chief.
The facts about immigration do not point to Obama or any other president. Its all a combination of them all, and all Americans.
The issue is complicated and needs to be addressed as soon a possible.
Maier knows exactly what he is talking about on the facts. Period.
Now, lets get to Texas and Perry with the facts:
1st off--Texas leads , and I said leads, the nation in minimum waged jobs. She ties with Mississippi highest percentage of minimum wage jobs. I'll give that one to the right to fire state for sure. And leads us to another fact:
Average hourly earnings for all Texas workers was $11.20 per hour in 2010, compared to the national median of $12.50 per hour.
She still has highest number of uninsured and he refused our money for Medicaid. We pay twice now.
17.2% are in poverty which puts us 8th in the nation.
California is 8th in the world economy and New York is 15th. Strong union states.
Yeah, I guess that's what the libs hate about Texas. I sure do.
I agree with ya Brother Maier. Facts are stronger than Rush or hatred and lies about our President.
This forum has plenty of Koolaide drinkers and should just switch to beer or bourbon.
But I still love ya'll!!"Nobody's so poor that somebody can't get rich screwing 'em."
Comment
-
The vast majority of jobs, in this jobless recovery, are part-time and minimum wage jobs due to Obama's policies.
http://www.wsws.org/en/articles/2014.../econ-j04.html This is right up your alley, it's from the world socialists."GET OFF MY REEF!"
Comment
-
And the wetbacks taking the good jobs!Originally posted by kenny View PostThe vast majority of jobs, in this jobless recovery, are part-time and minimum wage jobs due to Obama's policies.
http://www.wsws.org/en/articles/2014.../econ-j04.html This is right up your alley, it's from the world socialists.MANVEL MOB
Comment
-
How about forbes???
Texas v. California: The Real Facts Behind The Lone Star State's Miracle
By Chuck DeVore
Politicians and economists alike are invested in promoting or debunking the “Texas Miracle”—the contention that Texas is better off economically due to policies that favor lower taxes and less regulation.
New economic data provides more grist for this discussion.
If Texas is doing well and does offer a model to the nation, then one set of policy choices ought to be followed. Or, if Texas isn’t doing all that well or does not offer a useful model to follow, then Texas can be ignored in the larger, national discussion of what policies work best for general prosperity.
There are two arguments frequently deployed against Texas: Texas’ economic growth is driven by population increases due to the attractiveness to business of cheap labor and a warm climate; and energy production plays the main role in Texas’ economy.
Texas’s relative success is best measured against a peer: California.
California and Texas are the most populous states. They both have diverse populations, large numbers of immigrants, abundant energy and natural resources, long coastlines and a border with Mexico.
Most importantly, California and Texas, alike in many ways, have diametrically opposed public policies. California’s state and local tax burden ranks as America’s 4th-highest compared to Texas at 45th. California taxes a 42 percent larger share of state income than does Texas, California’s restrictive energy policies discourage oil extraction, even though it has the largest proven shale oil reserves in the nation; while its industrial electrical rates are 88 percent higher than in Texas.
These policy differences contribute to a divergence in economic performance.
In June, the U.S. Bureau of Economic Analysis released new data on state real per capita gross domestic product for 2012. Performance for 2009-2011 was also revised, with California seeing a downward revision of 2.6 percent and while Texas’ performance was revised upward by 0.5 percent. The new figures show that in 2011 Texas surpassed California in real per capita gross domestic product while a separate report showed Texas expanding its lead in real per capita personal income.
What’s remarkable about this data showing Texas’ prosperity relative to California is how counter it runs to prevailing notions that California, with Silicon Valley and Hollywood, is a land of wealth and opportunity while Texas, part of the South, is mired in low wage poverty. In fact, Silicon Valley, as important as it is to California, only amounts to 10.4 percent of the Golden State’s economy while employing 6 percent of Californians. The mining industry in Texas, of which oil and gas extraction are the main part, generated 9.8 percent of Texas’ GDP in 2012 significantly less than manufacturing’s share of 14.5 percent—the Lone Star State’s economy is more diversified than its critics contend.
As for population and job growth, from 2000 to 2012, California grew 11.9 percent. Texas more than doubled California’s growth at 24.4 percent. The U.S. population expanded 11.3 percent in that time. Much of Texas’ growth came from domestic migration, while California lost residents to other states, Texas being the most common destination; this alone should cause pause to those who say that migration to Texas is driven by the weather. From January 2000 to April 2013, nonfarm payroll grew an anemic 2.6 percent in California compared to Texas’ 19.7 percent. U.S. job growth over that time was 3.6 percent.
If, as the critics opine, Texas is adding jobs simply because it is adding people, then the ratio of jobs added to population increased ought to be roughly the same there as in the U.S. as a whole. The data shows the opposite. Texas added one new job for every three people from 2000 to 2013, while the nation added one job for every seven people, meaning that Texas outperformed the U.S. job creation rate by more than two-to-one. In the same period, California added one job for every 11 new residents.
No amount of taxes will allow one worker to support 11 people indefinitely, no matter how robust the welfare state.
Taking into account official measures of regional price parity, Texas’ real personal income was about 4.6% higher than California’s in 2011. But this data reflects Texas’ far lower unemployment rate.
California’s wages, for those who had jobs, were higher. But wages are used to buy goods and services. Once California’s higher costs for housing, food, transportation and health care are considered, Texas workers end up with the advantage: $47,413 in cost of living adjusted average wages compared to California’s $41,680—before taxes.
The policy differences between the two biggest states result in vastly different outcomes for the most vulnerable of residents. The U.S. Census Bureau recently published a new, more comprehensive measure of state-by-state poverty that took into account cost of living as well as the value of government assistance. This survey showed that California had America’s highest poverty rate, 23.5 percent, with proportionately 42 percent more people living in poverty there than in Texas.
Call it what you will, the “Texas Miracle” or the “Texas Model.” The results speak for themselves and show that liberty fosters prosperity.
The Hon. Chuck DeVore represented 500,000 people in the California legislature from 2004 to 2010 and is vice president of policy at the Texas Public Policy Foundation where he authored the book, “The Texas Model: Prosperity in the Lone Star State and Lessons for America.”
"Nobody's so poor that democrats can't get rich screwing 'em."
boom
Comment
-
Using the "revised" numbers.................
Economic growth: Texas, California and revisions
By Chuck DeVore
Share on facebook217Share on twitter72Share on google_plusone_shareMore Sharing Services46Share on email
35
The BEA revised California’s real GDP growth downward from 2009 to 2011 in each of three years by a cumulative 2.6 percent, the third-largest negative revision in the nation.
In other words, California’s economy shrank an additional 2.6 percent before it grew 3.5 percent.
So, in the past five years California’s real GDP contracted 0.3 percent, one of ten states where economic activity was less in 2012 than it was in 2008.
By contrast, the BEA revised Texas’ growth upward by 0.5 percent from 2009 to 2011.
Texas’ newly revised real GDP growth from 2009 to 2012 was 13 percent.
From 2009 to 2012, California’s share of the U.S. economy shrank from 13.1 percent to 12.9 percent while Texas’ portion of the American economy increased from 8.2 percent to 9 percent.
Some critics might contend that Texas’ economic boom is wholly due to the revitalization of the Lone Star State’s oil and gas fields through fracking. However, if the entire mining sector is removed from the calculations, Texas’ economy would have still grown at a faster pace than California’s from 2009 to 2012. Further, California has about two-thirds of the nation’s proven shale oil reserves in the vast Monterey Shale formation—that the Golden State makes the political choice not to allow the extraction of this underground wealth can’t be held against Texas.
There’s another interesting data nugget to be mined out of BEA’s revisions. Looking at the year-by-year real GDP revisions for California, we see that California’s output was revised downward 0.4 percent in 2009, 1.4 percent in 2010, and 0.8 percent in 2011. What most people have already forgotten is that California enacted a $24 billion, two-year tax increase in 2009, the largest state-level tax hike in U.S. history. This tax increase boosted income taxes, sales taxes, and vehicle taxes and was in full effect in 2010, then phased out in 2011. The greatest downward revision in California’s economy was in 2010, the year when the whole weight of the tax increase was being felt. The BEA now estimates that California’s 2010 output grew at an anemic 0.3 percent, down from the previously estimated 1.7 percent. The overall U.S. economy grew at a revised 2.4 percent that year, eight times California’s pace. Texas’ economy expanded 4.1 percent, 71% more rapidly than the national economy.
In 2012, California’s temporary tax increase fully expired. Not coincidentally, California’s economic performance that year, 3.5 percent growth, outpaced the 2.5 percent growth of the U.S. economy. This was first time in several years that California’s economy grew faster than the U.S. economy—a regular occurrence for Texas.
Slow growth has a direct bearing on prosperity and poverty. According to the U.S. Census Bureau, from 2009 to 2011, California’s supplemental poverty measure was 23.5 percent, the highest in the nation with 42 percent more people living in poverty as a share of the population than in Texas.
It will be highly instructive in the coming quarters to see if California can continue to exceed the national growth rate, especially after California voters approved a big tax increase last November which made California’s income tax the highest in the nation.
Texas, on the other hand, looks set to enact a modest tax cut.
The public policy contrast between the two largest states couldn’t be clearer.
Time (and revisions) will tell which model works best for the people in each state.
DeVore, a former California state lawmaker, is vice president of policy at the Texas Public Policy Foundation and the author of “The Texas Model: Prosperity in the Lone Star State and Lessons for America.”
"Nobody's so poor that democrats can't get rich screwing 'em."
boom
Comment
-
Boom, you know what's funny and pathetic? It's whenever liberals are confronted with any facts they start their ......but Bush did so and so. It's juvenile. like an eight year ole kid saying "well Billy did it first"."GET OFF MY REEF!"
Comment
Comment