P@triot
Diamond Member
I have posted volumes of indisputable data for prosperity - from tax rates, to energy policies, to labor laws, and more. At the same time, we have seen the liberal blueprint for poverty (basically everything put forward by Obama, Pelosi, and Reid). Well, here is yet another example of conservative policy creating prosperity even in the Obama failed economy...
Texas is getting under some peoples skin. Its population is growing. Its people are becoming more prosperous. It is creating both billionaires and employing more minimum-wage workers than any other state. Its energy sector has thrivedyear-over-year drilling has doubled so far in 2014, with 10,000 new wells drilled just since January. Its technology corridor now extends for hundreds of miles along I-35.
Texas is the hottest state economy this side of North Dakota.
But some still refuse to acknowledge the Texas Miracle. The recovery benefits only the rich, they say. Pro-business means pro-big-business. Job growth has merely kept pace with population growth.
But thats just it. People are moving to Texas, and it certainly is not for the weather. Its population has grown more than 5% just since 2010a rate exceeded only by North Dakota, another oil-boom state, and the rapidly gentrifying District of Columbia. California, by contrast, lost congressional seats for the first time in state history after the 2010 census.
Texas goes light on regulation, charges no state income tax, reduces barriers to entry and creates a dynamic business climate. California charges high taxes, imposes significant regulations, makes it hard to start a new business and has billions of dollars in debt for pensions owed to retired public employees.
So it should come as no surprise Texas business climate is rated in the top 5; Californias is in the bottom 10. Texas has had four times the job growth of California over the last 20 years. Its unemployment is about 50% below Californias and its incomes are growing at a faster pace than Californias.
Texas Is Booming With New Jobs and 'Dirt Cheap' Energy
Texas is getting under some peoples skin. Its population is growing. Its people are becoming more prosperous. It is creating both billionaires and employing more minimum-wage workers than any other state. Its energy sector has thrivedyear-over-year drilling has doubled so far in 2014, with 10,000 new wells drilled just since January. Its technology corridor now extends for hundreds of miles along I-35.
Texas is the hottest state economy this side of North Dakota.
But some still refuse to acknowledge the Texas Miracle. The recovery benefits only the rich, they say. Pro-business means pro-big-business. Job growth has merely kept pace with population growth.
But thats just it. People are moving to Texas, and it certainly is not for the weather. Its population has grown more than 5% just since 2010a rate exceeded only by North Dakota, another oil-boom state, and the rapidly gentrifying District of Columbia. California, by contrast, lost congressional seats for the first time in state history after the 2010 census.
Texas goes light on regulation, charges no state income tax, reduces barriers to entry and creates a dynamic business climate. California charges high taxes, imposes significant regulations, makes it hard to start a new business and has billions of dollars in debt for pensions owed to retired public employees.
So it should come as no surprise Texas business climate is rated in the top 5; Californias is in the bottom 10. Texas has had four times the job growth of California over the last 20 years. Its unemployment is about 50% below Californias and its incomes are growing at a faster pace than Californias.
Texas Is Booming With New Jobs and 'Dirt Cheap' Energy