Texans – I dearly love you, just not your big fish story governor.
Texas: 8.4% unemployed. It doesn’t matter how many jobs you’ve created when the fact is you are still at the back of the pack in your region.
Your neighbors Oklahoma 5.5%, New Mexico 6.7%, Louisiana 7.6%, Arkansas 8.2% — ok, so Arkansas has not a lot to brag about other than it is doing better than Texas at higher wages.
More on the ‘Texas Miracle’
Texas is #1 in agricultural subsidies nationwide since 1995 and continuing until the present date.
— Texas’ economy has run on $24.4 billion just in agricultural subsidies since it took the #1 spot:
— $14.9 billion in commodity subsidies.
— $3.64 billion in crop insurance subsidies.
— $2.77 billion in conservation subsidies.
— $3.13 billion in disaster subsidies.
Source: 2011 Farm Subsidy Database
Texas is also #1 in highway and infrastructure maintenance subsidies.
Texas is also #1 in:
— Childcare subsidies.
— Medicare subsidies.
— Recipient of bailout funds.
— Energy subsidies.
Other than that, Texas is also #1 in minimum wage jobs.
And on top of that it is now $27 billion in the red over its two year budget cycle.
About many of those jobs brought to your state, would that have happened if you didn’t bankroll companies to move to Texas, spending hundreds of millions ($400M +) to make it all happen plus other incentives?
So I guess that government does have a roll in creating jobs, eh?!
It must be nice to be #1 in so many things.