Rick Perry

About That Texas Miracle

It's all bullshit.

While over 126,000 net jobs were created in Texas over the last two and a half years, the labor force expanded by over 437,000, meaning that overall Texas has added unemployed workers at a rate much faster than it has created jobs. And although states like Michigan have lost jobs (29,200 since February 2009), the state’s labor force has shrunk by over 185,000 since then. As a result, while there are fewer jobs, there are significantly less workers looking for them.

As Paul Krugman put it, “several factors underlie [Texas'] rapid population growth: a high birth rate, immigration from Mexico, and inward migration of Americans from other states, who are attracted to Texas by its warm weather and low cost of living, low housing costs in particular.” But they have little to do with Perry’s policies.

Its a miracle! -- that Rick Perry hasn't been overthrown as governor.

Considering the Texas labor force has outgrown employment by almost 3:1, it's hard to accept the official unemployment rate of 8.2 percent as anything other than low-balled and wildly inaccurate.