Comments for Perry's Growth Failure in Texas at http://www.cepr.net , comment 1 to 9 out of 9 comments http://www.cepr.net Wed, 19 Jun 2013 04:18:06 +0100 FeedCreator 1.7.3 http://www.cepr.net/index.php/blogs/beat-the-press/perrys-growth-failure-in-texas#comment-10778 Care to elaborate Itr, or can I just say you are ridiculous without addressing your arguments,(Oh wait, you didn't make any arguments.) - Sam123 Tue, 16 Aug 2011 15:16:00 +0100 http://www.cepr.net/index.php/blogs/beat-the-press/perrys-growth-failure-in-texas#comment-10771 Unemployment in Texas is high, thanks to a burgeoning population that is growing faster than the "job creators" can keep up with. And the jobs these "creators" create are low quality, cheap labor being fueled no doubt in part from the international immigrant workers who are willing to work for subpar wages (it's better than starving in Vietnam, true). But this all is reflected in the low GDP of the state. The Perry con job will soon enough be seen for what it is, I hope. But then I thought the same about my former governor, W. - david Tue, 16 Aug 2011 07:39:43 +0100 http://www.cepr.net/index.php/blogs/beat-the-press/perrys-growth-failure-in-texas#comment-10765 Excellent post, and Sam is ridiculous. - ltr Mon, 15 Aug 2011 13:45:11 +0100 http://www.cepr.net/index.php/blogs/beat-the-press/perrys-growth-failure-in-texas#comment-10753 As I said in a previous comment, Texas's economy is dominated by the price of oil: http://www.skeptometrics.org/TexasOil.png and starting any analysis in 1987 is going to be affected by the fact that Texas was in a severe recession then because of the collapse of oil price (and the effects of banking deregulation). Therefore, almost any economic measure will show improvement since then. I am not going to work through the GDP data, but I will bet that it will show a pattern similar to that of unemployment. This then is why average growth was high 1987-2001 - that growth represents recovery from the 1986 oil-price-crash recession. Krugman's recent blog posts and his column today have more specifics on why employment growth has been high in Texas more recently despite what is not really a good economic performance apart from oil profits. - skeptonomist Mon, 15 Aug 2011 05:02:29 +0100 http://www.cepr.net/index.php/blogs/beat-the-press/perrys-growth-failure-in-texas#comment-10744 When we consider that Texas has a higher dependency ratio than the nation as a whole and the fact that the population of Texas increased by 20% over that time period while the population of the US grew by 9.7%, it is remarkable that per capita GDP rose in Texas at all. The population growth hides the real GDP growth of Texas because more and more people are sharing the same pie. This data indicates that the pie was able to grow fast enough to accommodate a population which grew over twice as fast as the nation. At the end of the day a .1% difference between the growth rate of per capita GDP is not enough to proclaim it "Perry's growth failure". You really should take the Paul Krugman route and focus on the minimum wage job creation. It has its fallacies as well but it is much stronger than this weak sauce you are serving up. - Sam123 Sun, 14 Aug 2011 19:51:56 +0100 http://www.cepr.net/index.php/blogs/beat-the-press/perrys-growth-failure-in-texas#comment-10743 In my opinion, he's just be fortunate to be Governor at a time when oil prices, in general, have been much higher than in the recent past. The 90s were a decade of cheap oil, but since the Iraq War, oil prices have shot through the roof, and thus oil companies located in Texas have benefit greatly, creating lots of jobs and a lot people move here to get those jobs. http://research.stlouisfed.org/fred2/series/OILPRICE http://research.stlouisfed.org/fred2/series/GASREGW?cid=32217 But as a resident of Texas, I must say that I've noticed an enormous increase in pollution since Perry's been Governor. Houston and Dallas are much more smoggy today than they were a decade ago. If Perry hasn't contributed to that fact (by helping polluters in their quest to pollute), he certainly hasn't done anything about it. - Brett Sun, 14 Aug 2011 18:48:05 +0100 http://www.cepr.net/index.php/blogs/beat-the-press/perrys-growth-failure-in-texas#comment-10742 Moving from half a percentage point higher to one tenth of a percentage point lower sounds to me like statistical insignificance. - Daniel Sun, 14 Aug 2011 17:57:10 +0100 http://www.cepr.net/index.php/blogs/beat-the-press/perrys-growth-failure-in-texas#comment-10741 If you think per capita income in Texas is low now just wait till Perry is elected and they outlaw birth control to bring back the tradition of large families. - izzatzo Sun, 14 Aug 2011 17:39:58 +0100 http://www.cepr.net/index.php/blogs/beat-the-press/perrys-growth-failure-in-texas#comment-10740 a question that i have is i wonder how much of the job growth in texas has to do with their aggressive approach to attract businesses to move to texas from other states. if most of the job growth in texas comes from other states i doubt that translates well to a national job creation creditional. - bruce Sun, 14 Aug 2011 17:12:21 +0100