So there is a new GOP Presidential candidate, Governor Rick Perry, hailing from the Great State of Texas. Putting aside his politics for a moment, I’ll just say that it’s a mite ridiculous for him (or any Texas pol) to be crediting the relative stability of that state to any of their own policies. Sometimes a state is just in the right place (geographically-speaking) at the right time.
One of my fave bloggers, Cassandra Does Tokyo, explains:
What I take exception to, and find exceptionally dishonest (and believe the American People should take note as well) is for Mr Perry to associate his policies or administration of the affairs of Texas with the avoidance of the more general financial malaise engulfing the nation as a whole, though in particular, the coasts and rust belt. I say this because Mr Perry, as Governor of Texas has had absolutely nothing to do with rising agricultural land values, more-than robust oil prices, vaulting agricultural commodity prices, a steadily growing oil-services industry, and population growth trends (whether due to fertility or net internal and external migration) in excess of national averages which diminishes supply-demand imbalances in the real estate market.
Texas has population growth, agricultural bounty and an ocean of oil beneath its feet, if the Gov had been elected and then left for an 18-month sabbatical, not much would have been very different for the local economy. Keep it real, Perry.