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Well I do know that we will need to dip into the rainy day fund to cover the shortage in medicaid this year. That part has been made known to us in the press and by the government.
I think a lot of people are under the impression that Texas is a hotbed of private sector job growth. That's just not the case. Under Rick Perry, the Texas government has expanded considerably.
That *is* the impression that the media/political talking heads have given--that Rick Perry creates job growth in the private sector. Read a very similar article in the Washington Post today that most of the job growth has been in increasing state government jobs.
From the front page of today's Washington Post (can't get a link):
"....The disparity has grown sharper since the recession hit. Between December 2007 and ths June, private-sector employment in Texas declined by 0.6 percent while public-sector jobs increased by 6.5 percent, according to the Bureau of Labor Statistics."
"The significant role of government in Texas's relataive prosperity stands in stark contrast to the "go-it-alone" image cultivated by Perry, who credits a lack of government interference for fostering a business-friendly environment in Texas."
Dallas Fed Chairman Explains Texas’ Job Creation | FrontBurner
"Dallas Fed president Richard Fisher explained that job creation has come mostly in three sectors, and while one (education and health services) has lagged behind in wages, the other two — professional and business services; and mining and logging — actually pay more than the state average."
For what it's worth, my company is moving around 3000 positions from MA, NH, RI, and NY down to Texas. Texas seems to have quite a few advantages that make it attractive.
Texas is especially attractive to healthcare professionals because of the cap on lawsuits. They are moving there in droves.
Texas is especially attractive to healthcare professionals because of the cap on lawsuits. They are moving there in droves.
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