"A wise and frugal government which shall restrain men
from injuring one another, which shall leave them otherwise free to regulate their own pursuits of industry and improvement, and shall not take from the mouth of labor the bread it has earned. This is the sum of good government."
(Thomas Jefferson)

Thursday, June 30, 2011

Texas Big Winner in U.S. Economy Shift

Texas has provided the path for other states to follow to get their economy moving with low taxes, strong tort reform, and a Governor and Legislature that has made Texas business friendly who go out and look for more jobs.

Now take a look at the Federal level where Obama is demanding new taxes and calling the Republicans names for opposing him because they want budget cuts before agreeing to raising the debt ceiling. As he threw his little temper tantrum yesterday at the press conference, Governor Perry was showing the nation how it is done with a balanced budget and yet Texas still has a sizeable rainy day fund. Texas has no income tax, no tax on capital gains, and strong tort refore made even stronger with the loser pays to stop frivolous lawsuits.

Speaking of frivolous lawsuits, how about the one from Obama's NLRB suing Boeing for daring to open a plant in the Right to Work state of South Carolina. Just remember according to Obama, the NLRB is an independent agency who has nothing to do with him even though he appointed people to serve and gets briefed what they are doing. For Obama to say a union organization has no ties to him is ludicrous to begin with. How dumb does he think people are?

ICYMI: Texas Big Winner in U.S. Economy Shift

Thursday, June 30, 2011 • Austin, Texas • Press Release
Texas moved past New York over the past decade to become the nation's second-largest economy, according to a USA Today examination of data released by the Bureau of Economic Analysis.

"Texas (GDP) notched one of the biggest increases in size in a half-century, surpassing $1 trillion in annual economic output," the USA Today article said.

According to the article, Texas' $1.2 trillion 2010 GDP represented a 26.8-percent increase since 2000.

Though California retained its first-place ranking as the state with the largest economy, the article indicated that California's share of the national economy, which peaked in 1990, shrank faster than all but three states from 2000 to 2010. Noting the growth of Texas, USA Today suggested the Lone Star State may soon challenge California for the top spot.

To view the full article, please visit USA Today .
We have a winner with Governor Perry and a loser with Barack Obama on how to grow the economy yet Obama wants four more years to tank us even more?  We say fire Obama in November 2013 and let's elect Governor Perry who has shown the way it is done in Texas and have him bring that same model to the White House so American can get back on its feet.  Time to bring those jobs back that were shipped overseas because of the unfriendly business environment thanks to the Federal Government wanting to get in everyone's business.

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