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News Does Rick perry have a plan to fix the US economy?

  1. Sep 1, 2011 #1

    Evo

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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.
    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.
    Read more: http://www.miamiherald.com/2011/08/29/2380867/texas-incentive-funds-touted-by.html#ixzz1WkGaa55m [Broken]

    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
     
    Last edited by a moderator: May 5, 2017
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  3. Sep 1, 2011 #2

    mheslep

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    Re: New Twist on Obama Unemployment Prediction

    Same was true when I worked there for several years. But saying this means what? That you grant low taxes are important for job growth?
    I know many states provides cash or tax incentives for companies to remain or relocate to their state; I imagine all of them do. The basket case states are mostly paying business to stay versus come.

    http://articles.chicagotribune.com/...-incentives-enterprise-zones-state-income-tax
     
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  4. Sep 1, 2011 #3

    Evo

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    Re: New Twist on Obama Unemployment Prediction

    So, this has what to do with Perry's claims? It is obvious that the growth in Texas has nothing to do with Perry, but to do with financial incentives. He can't do this on a national basis any more than anyone else can. He brings nothing to the table, IMO. "Oh look, I can pay employers to come to my state!" :rolleyes:

    Seriously, explain to me how creating a slush fund to pay companies to move from other states is something that can be done on an international basis? I haven't heard anything from him on how he would bring business back to the US. If you have that plan, please post it here because I'd love to see it.
     
    Last edited by a moderator: Apr 26, 2017
  5. Sep 1, 2011 #4

    mheslep

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    Re: New Twist on Obama Unemployment Prediction

    You are the only poster that has mentioned Perry in this thread.

    Yes that is your assertion.
     
  6. Sep 1, 2011 #5

    Evo

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    Re: New Twist on Obama Unemployment Prediction

    You brought up Texas.

    Yes, do you have anything to show it's wrong?
     
    Last edited: Sep 1, 2011
  7. Sep 1, 2011 #6

    mheslep

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    Re: New Twist on Obama Unemployment Prediction

    Regarding wages in Texas, many of the earners http://dallasfed.org/news/speeches/fisher/2011/fs110817.cfm" [Broken]
    Indeed, Texas ranks highest the country for population of 18 year olds last I looked.

    Also, Texas has a much lower cost of living than much of the country. A $150K home in Austin's 'Silicon Hills' would probably go for $750K in California's Silicon Valley.
     
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  8. Sep 1, 2011 #7
    Re: New Twist on Obama Unemployment Prediction

    Define booming? Texas is in the lower half of states ranked by unemployment. Texas is creating jobs, but only enough to keep up with their population growth.
     
  9. Sep 1, 2011 #8

    Evo

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    Re: New Twist on Obama Unemployment Prediction

    Where are you finding this? Also, the minimum wage workers information is a percent of the workforce, so we need to know what percent of the workforce would be in the 18 year old age range in order to compare apples to apples.

    I would tend to think that the high number of minimum wage earners would correlate to the high number of uneducated workers in Texas.
     
    Last edited: Sep 1, 2011
  10. Sep 1, 2011 #9

    mheslep

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    Re: New Twist on Obama Unemployment Prediction

    http://articles.chicagotribune.com/...incentives-enterprise-zones-state-income-tax" than it might otherwise be.

    By contrast http://data.bls.gov/timeseries/LASST48000003" Texas and Illinois thus have very dissimilar job creation records, with roughly similar policies of business locating payments. To then dismiss all those Texas jobs as created by a "slush" fund doesn't make any sense.

    Texas has made substantial improvements to tort law under Perry, which I suggest is a likely job creator, and especially likely to explain the recent inflow of doctors to Texas. Then, as you first mentioned as an explanation, there's no state income tax. Texas (and Perry) left that alone, while his peer in Illinois raised taxes sharply.
     
    Last edited by a moderator: Apr 26, 2017
  11. Sep 1, 2011 #10

    mheslep

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    Re: New Twist on Obama Unemployment Prediction

    http://www.census.gov/compendia/statab/2011/tables/11s0016.xls [Broken]
    Texas % of population under 18 is 28% in 2009, second only to Utah. Workforce by age is around somewhere too in the BLS, misplacing it for the moment.
     
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  12. Sep 1, 2011 #11

    mheslep

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    Re: New Twist on Obama Unemployment Prediction

    Along with TX jobs, the http://i56.tinypic.com/34fk4zn.gif" which keeps their unemployment rates from looking even worse (Employment rate = employment / labor force).

    http://data.bls.gov/timeseries/LASST48000003
     
    Last edited by a moderator: Apr 26, 2017
  13. Sep 1, 2011 #12
    Re: New Twist on Obama Unemployment Prediction

    Location gives Texas an advantage that other states do not have. The Texas Mexico Automotive Super Cluster is one of the things they came up with and now are doing the same thing with other industries including silicon.

    Toyota has a big presence in Texas with the Tundra and now their Tacoma trucks. Many vehicles must contain a certain percentage of American parts. (Even if they are assembled in the USA)

    There is a tariff on trucks that don't meet this percentage. The Truck and Auto manufacturers get around the made in USA part requirement by buying from or owning factories in Mexico. Under NAFTA rules any part made in Canada or Mexico is considered to be made in the USA.

    That is where the Cluster idea came in. The concept started in one county and then grew.

    http://www.bexar.org/ED/Automotive.html [Broken]

    Yet still there had to be someone with the influence to get companies to relocate in Texas. Apparently there were.
     
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  14. Sep 1, 2011 #13

    Evo

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    Re: New Twist on Obama Unemployment Prediction

    That doesn't work. Where are the figures for 18 year olds that you claimed to have?
     
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  15. Sep 1, 2011 #14
  16. Sep 1, 2011 #15

    Evo

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    Re: New Twist on Obama Unemployment Prediction

    So you agree, any state can buy business depending on how much money they have. Goes back to what I already said, they're just giving financial incentives to companies to move from other states. How is that going to do any good for the country?

    Answer - it won't. It's meaningless smoke and mirrors meant to intentionally mislead those that don't know any better.

    Texas is actually failing in the job market. Hate to call the guy a liar, since being a politician it's expected to some extent, but there it is.

    http://money.cnn.com/2011/08/12/news/economy/perry_texas_jobs/
     
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  17. Sep 1, 2011 #16

    mheslep

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    Re: New Twist on Obama Unemployment Prediction

    Please don't put words in my mouth. I said:
    You have data supporting that (#2). In addition I posted the Dallas Fed Chairman's comments:
    http://dallasfed.org/news/speeches/fisher/2011/fs110817.cfm
     
  18. Sep 1, 2011 #17

    Evo

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    Re: New Twist on Obama Unemployment Prediction

    You said
    and I'm still waiting to see that data. Do you actually have that data or not? It's not a trick question, I want to see the data. If you don't have it just say so.
     
  19. Sep 1, 2011 #18

    mheslep

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    Re: New Twist on Obama Unemployment Prediction

    From post 27:
    http://www.census.gov/compendia/statab/2011/tables/11s0016.xls [Broken]
    Row 51, column AC

    Ok?
     
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  20. Sep 1, 2011 #19

    Evo

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    Re: New Twist on Obama Unemployment Prediction

    State resident population age 15 to 19? No, but I'll agree they are more weighted toward a younger population, but I'm still wondering what that has to do with minimum wage earners, since that is what we were discussing. Do you have some statistics showing that age and not lack of education is the reason for the huge number of people working at or below minimum wage in Texas? Texas has, IIRC, one of the worst records for uneducated people. I asked that question previously.
     
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  21. Sep 1, 2011 #20

    Evo

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    Re: New Twist on Obama Unemployment Prediction

    More unemployment information for Texas.

     
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