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Has the "Texas miracle" come to an end?
Posted on 7/20/17 at 10:45 am
Posted on 7/20/17 at 10:45 am
And was it all oil/gas in the end... instead of lax taxes and regulations?
The rest of the article is a bit of a hit piece on the GOP. Falling oil/gas prices are probably more to blame.
LINK
quote:
After years of leading the nation's job growth, Texas has now sunk near the bottom: 39th, to be exact.
quote:
At 4.8 percent, the Texas unemployment rate is higher than the national average for the first time in years. That percentage, by the way, means that 700,000 Texans are out of work. The state's overall economic output, the gross state product, has been flat at $1.6 trillion annually even as the state's population continues to rise. That means that Texas now is just about on par with Alabama, Arkansas and Mississippi, states with small economies that are nearly perpetually stalled for structural reasons. Now in Texas, too, flat is the new up.
The rest of the article is a bit of a hit piece on the GOP. Falling oil/gas prices are probably more to blame.
LINK
15
Posted on 7/20/17 at 10:49 am to TejasHorn
quote:
At 4.8 percent, the Texas unemployment rate is higher than the national average for the first time in years.
So. Texas outperforms for, in their words, YEARS, but now they write this piece?
I love these type articles from the left. They seem completely oblivious to the fact that their own writing is self refuting.
It's like the lines we used to hear under Obama......."Lowest unemployment rate since(some year between 2000 and 20008" or stuff like that.
It's like they don't know what the sentence means when they write it.
Posted on 7/20/17 at 10:50 am to TejasHorn
frick the Dallas News
That headline is laugh out loud hilarious.
I see they didn't mention anything about illiberal immigrants which might have a slight effect on available jobs..
That headline is laugh out loud hilarious.
I see they didn't mention anything about illiberal immigrants which might have a slight effect on available jobs..
Posted on 7/20/17 at 10:51 am to TejasHorn
quote:
And was it all oil/gas in the end... instead of lax taxes and regulations?
well i think it's both
but Texas's primary bloodline is oil/gas. i don't think anyone doubted that. the fact that Texas hasn't completely imploded since the price of oil crashed a few years ago shows that its government is doing something right
also Texas is largely misunderstood by outsiders who expect strong state governments. Texas is a local/county-based state and you find all sorts of different setups in terms of regulations, taxes, etc based on different areas of the state.
also it's unfair to compare the rates to the peak of Texas's growth. there were years when TX added more jobs than the rest of the country entirely (net, obviously). that was never going to be sustainable and a drop from that peak is fine.
quote:
A business gets started in Texas or moves here for a dozen reasons, the most important of which are availability of capital, quality of workers, costs of production and quality of life. Do taxes and regulations enter into the picture? Sure. But so do workforce readiness, education, infrastructure, quality of life and cost of living.
and Texas offers all of these things
if this writer wants to see dysfunction in these areas, spend some time in Louisiana
Posted on 7/20/17 at 10:51 am to TejasHorn
quote:
Not all that long ago, Texas was indeed a bit of a miracle, and that went on even after the rest of the country picked up a little economic steam. From 2007 to 2015, Texas created over 1.4 million jobs, more than the next six states combined. Rick Perry and conservatives from Austin to Washington crowed that the Texas juggernaut was the result of low taxes and few regulations.
8 years of good data. 1 year of bad data. I mean, come on.
Posted on 7/20/17 at 10:53 am to TejasHorn
I don't know about that but I am pretty sure any growth in Dallas morning news subscribers ended a long while ago.
Posted on 7/20/17 at 10:53 am to TejasHorn
I also love that the article acknowledges that the state kicked arse from 2007-2015, but treats it like happenstance.
But NOW...........it's all the Republican's fault.
I mean come on. That's not serious writing.
And, I mean, even what they report of the "now" isn't horrible........it's just not kicking arse like it was.
I'm sure if I checked this writer's history, I would find many articles that looked at states with Democrats in charge that were underperforming national averages in a narrow window of time.
But NOW...........it's all the Republican's fault.
I mean come on. That's not serious writing.
And, I mean, even what they report of the "now" isn't horrible........it's just not kicking arse like it was.
I'm sure if I checked this writer's history, I would find many articles that looked at states with Democrats in charge that were underperforming national averages in a narrow window of time.
Posted on 7/20/17 at 10:55 am to MSMHater
quote:It's always fun when the liberal admits to you they are an economic idiot WITHIN their own column.
8 years of good data. 1 year of bad data. I mean, come on.
I appreciate them saving me the time of having to look up the data that refutes them.
Posted on 7/20/17 at 10:56 am to TejasHorn
Some useful (for a change) stuff from politifact.
LINK
LINK
quote:
Yet among the 10 most-populous states, Texas had the lowest jobless rate; the other biggest states had rates ranging from 4.6 percent (Michigan) to 5.6 percent (Pennsylvania).
quote:
Another column on the spreadsheet shows Texas at 13th nationally for GDP per capita; Alaska landed No. 1 (at $66,835). Yet among the 10 most-populous states, Texas ($53,707) ran a respectable third behind New York ($63,929) and California ($56,365).
Posted on 7/20/17 at 10:56 am to MSMHater
oh shite. i have to point this out
Their own article about this massive drop to 4
i mean yeah there are some poor rankings in education (although i imagine these are isolated and apart from the economic centers, so irrelevant to an extent) and quality of life (always will suffer on these lists b/c petro is the driver of the economy), but TX is crushing it in 3/5 things the fricking article criticizes TX for
quote:
This year, Washington ranked as the best state for business in CNBC's annual survey of executives, while Texas tumbled to fourth — out of the top two spots for the first time in 11 years.
quote:
A business gets started in Texas or moves here for a dozen reasons, the most important of which are availability of capital, quality of workers, costs of production and quality of life. Do taxes and regulations enter into the picture? Sure. But so do workforce readiness, education, infrastructure, quality of life and cost of living.
Their own article about this massive drop to 4
quote:
No. 1 Workforce:
quote:
No. 1 Infrastructure
quote:
No. 9 Cost of Living
i mean yeah there are some poor rankings in education (although i imagine these are isolated and apart from the economic centers, so irrelevant to an extent) and quality of life (always will suffer on these lists b/c petro is the driver of the economy), but TX is crushing it in 3/5 things the fricking article criticizes TX for
Posted on 7/20/17 at 10:59 am to SlowFlowPro
quote:
i mean yeah there are some poor rankings in education (although i imagine these are isolated and apart from the economic centers, so irrelevant to an extent) and quality of life (always will suffer on these lists b/c petro is the driver of the economy), but TX is crushing it in 3/5 things the fricking article criticizes TX for
It's like the writer of the article has been waiting 10 years for the opportunity to write it.
Posted on 7/20/17 at 11:02 am to ShortyRob
i won't lie. every time i go visit my sister in Austin, it makes it harder and harder to come back to LA. the roads, the people, the opportunity, are just so appealing. LA is fricked and can/will never change, and the shining example of a better life is literally about 30 minutes west. the only reason i even entertain staying is b/c i have built a life here and i'd have to basically start all over (and poker wouldn't be an option)
Posted on 7/20/17 at 11:03 am to ShortyRob
The State is a real dump....sheesh. Is solid in some many sectors it is almost scary. Did I mention Texas has a rainy day fund of 10 billion dollars...chump change.
Sure, things slowed for a while when oil dipped to $30ish but the train never left the tracks. Is a pretty diverse place....has its weaknesses but nothing glaring
Sure, things slowed for a while when oil dipped to $30ish but the train never left the tracks. Is a pretty diverse place....has its weaknesses but nothing glaring
Posted on 7/20/17 at 11:05 am to SlowFlowPro
I couldn't read much of the article before being blocked by its groveling for subscribers, but the author seems butthurt about the bathroom bill special session.
The author probably went ape shite when Texas did not expand Medicaid, which of course would've blown a major hole in the budget.
Can't wait to see democrat hopes dashed yet again in the next round of Texas elections.
The author probably went ape shite when Texas did not expand Medicaid, which of course would've blown a major hole in the budget.
Can't wait to see democrat hopes dashed yet again in the next round of Texas elections.
Posted on 7/20/17 at 11:07 am to SlowFlowPro
quote:The whole south is fricked.
LA is fricked and can/will never change
Every reasonably large city in the south is destined to become Jackson, MS.
Such cities are the drivers of economies.......or, the anchors.
Posted on 7/20/17 at 11:07 am to texashorn
quote:
Can't wait to see democrat hopes dashed yet again in the next round of Texas elections.
i can't wait for the next Abortion Barbie to raise hopes...only to crush souls and create a ton of backtracking
Posted on 7/20/17 at 11:08 am to SlowFlowPro
quote:
the shining example of a better life is literally about 30 minutes wes
Beaumont ain't all that great.
Posted on 7/20/17 at 11:10 am to TejasHorn
allow me to translate this is about muh trans bathroom bill. if we don't allow he/she bathrooms people won't like us!
i would agree with one thing dallas is a complete train wreck. hasn't grown in thirty years thanks to the dems that run the city. south dallas has packs of roaming wild dogs.
pretty much every thing around dallas is growing by leaps and bounds.
i would agree with one thing dallas is a complete train wreck. hasn't grown in thirty years thanks to the dems that run the city. south dallas has packs of roaming wild dogs.
pretty much every thing around dallas is growing by leaps and bounds.
Posted on 7/20/17 at 11:11 am to ShortyRob
100% serious here
ever since my major career change last May, I've put in a ton of thought about what i want to do/be
anytime i think about location, Louisiana just offers no real hope (as a state or desirable location). i know i live in possibly one of two outliers (the other being Nola, for obvious reasons) that have some sort of hope (which is debatable in Nola but i'm not going there)
i kind of feel like if i stay in LA i'm essentially making a choice like a PDO makes or a person who gives up a career to go teach. destroying my economic vitality and outer happiness by sacrificing to try and help the shittiest part of America
ever since my major career change last May, I've put in a ton of thought about what i want to do/be
anytime i think about location, Louisiana just offers no real hope (as a state or desirable location). i know i live in possibly one of two outliers (the other being Nola, for obvious reasons) that have some sort of hope (which is debatable in Nola but i'm not going there)
i kind of feel like if i stay in LA i'm essentially making a choice like a PDO makes or a person who gives up a career to go teach. destroying my economic vitality and outer happiness by sacrificing to try and help the shittiest part of America
Posted on 7/20/17 at 11:11 am to ShortyRob
quote:Yeah. Sort of reminiscent of how violent crime plunged for 25 years in a straight line to 60 year lows, yet Trump and Trump voters insisted on portraying the country as awash in crime when it bounced off of those lows.
So. Texas outperforms for, in their words, YEARS, but now they write this piece?
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