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With the rise in Texas unemployment, the rise in Texas high school dropouts, one of the highest levels of workers being paid minimum wage and below due to the lack of education in Texas, does Perry have a plan to prevent this from happening to the US if he was elected?
With a track record like that, you'd think he'd want to avoid drawing attention to it.
Read more: http://www.miamiherald.com/2011/08/29/2380867/texas-incentive-funds-touted-by.html#ixzz1WkGaa55m
And those *jobs*.
http://money.cnn.com/2011/08/12/news/economy/perry_texas_jobs/
Also, Texas ranks 27th in unemployment, not exactly stellar.
http://www.bls.gov/web/laus/laumstrk.htm
With a track record like that, you'd think he'd want to avoid drawing attention to it.
Texas doesn't have state income tax, I know it hasn't since I was born there, and there is a *slush* fund paying companies to relocate to Texas, unless Perry has a way of creating a slush fund for the entire country, it's pretty meaningless.mheslep said:I can't see any of the official employment figures (U3) in states without booming economies like Texas improving much before 2012. There is still a large pool of discouraged workers (reflected in U4). With continued slow growth, the discouraged all have to slowly come back into the labor market meaning there is a large amount of labor slack to be picked up by the economy before any fast improvements can occur in the official unemployment rate.
Edit: If employment rates do figure large in the 2012 election and I expect they will, drops of a point or so from 9-8% won't satisfy with the Texas record on display.
https://www.physicsforums.com/showpost.php?p=3463566&postcount=19
When it comes to offering state incentives for business to relocate and add jobs, it truly has been bigger in Texas under Gov. Rick Perry.
The Texas Enterprise Fund, created in 2003 to provide money to attract companies to Texas or help them expand, "is the envy of governors around the nation," said Terry Clower, director of the University of North Texas' Center for Economic Development and Research in Denton.
As of June 30, the Enterprise Fund had committed nearly $440 million to about 100 corporations, according to the governor's office. A separate Emerging Technology Fund has awarded $370.5 million to new ventures and university research programs since its formation in 2005.
Perry is trumpeting Texas' unmatched success in creating jobs on the presidential campaign trail, and spokeswoman Catherine Frazier said Perry believes the two incentive funds are "a very important tool to maintaining Texas' competitive edge."
But the funds also have come under fire for falling short of delivering on promised job gains and creating an appearance of political favoritism by accepting campaign contributions from companies that received taxpayer funds. There are also complaints that Perry exercises too much control over the funds.
"The governor's office pretty much runs the program as a deal-closing fund," Clower said of the Enterprise Fund.
Read more: http://www.miamiherald.com/2011/08/29/2380867/texas-incentive-funds-touted-by.html#ixzz1WkGaa55m
And those *jobs*.
Texas, however, still faces many challenges on the jobs front. Many of the positions that have been created are on the lower end of the pay scale. Some 550,000 workers last year were paid at or below the federal minimum wage of $7.25, more than double the number making those wages in 2008, according to the Bureau of Labor Statistics.
That's 9.5% of Texas' hourly workforce, which gives it the highest percentage of minimum-wage hourly workers in the nation -- a dubious title it shares with Mississippi.
"We have created jobs, but they are not jobs with good wages and benefits," said F. Scott McCown, executive director, Center for Public Policy Priorities, which advocates for low-income residents.
http://money.cnn.com/2011/08/12/news/economy/perry_texas_jobs/
Also, Texas ranks 27th in unemployment, not exactly stellar.
http://www.bls.gov/web/laus/laumstrk.htm
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