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Old 05-13-2010, 07:09 AM
 
Location: Tower of Heaven
4,023 posts, read 6,724,764 times
Reputation: 1446

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Article from Slate.com


http://www.slate.com/id/2250999

Quote:
Lone Star

Why Texas is doing so much better economically than the rest of the nation.

By Daniel GrossPosted Monday, April 19, 2010, at 10:09 AM ET

Once a separate nation, Texas has recently been behaving more like an independent economic republic than a regular state. While it hasn't been immune to the problems plaguing the nation, the Texas housing market, employment rate, and overall economic growth are relatively strong. Moderator cut: remainder of copyrighted article

Last edited by Bo; 05-13-2010 at 09:43 AM.. Reason: Do not post long/full excerpts of copyrighted articles. Post two sentences and a link to the original.
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Old 05-13-2010, 08:16 AM
 
Location: Omaha, NE
1,048 posts, read 2,246,703 times
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I'm not for sure on this. But I'm thinking that the influx of people from Louisiana a couple years ago might skew these numbers a bit. Both positive and negative.

First of all, the sudden increase in population could exaggerate your level of unemployment. So Texas' unemployment might not actually have been at 8.2% had people returned to Louisiana post Katrina.

By the same token the mortgage delinquency rate would be exaggerated lower, because you are adding population without necessarily adding mortgages, I'm assuming not all of the new Texas residents purchased new homes upon arrival.
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Old 05-13-2010, 10:48 AM
 
Location: Tower of Heaven
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Louisiana refugees are very small in numbers compare to Texas pop.I don't think it's a problem..
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Old 05-13-2010, 01:18 PM
 
Location: Omaha, NE
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220,000 people came from Louisiana. It seems like enough people to mess with numbers. . I dunno? maybe not?
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Old 05-13-2010, 01:20 PM
 
Location: Oak Park, IL
5,522 posts, read 12,783,686 times
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Quote:
Originally Posted by pheaton View Post
220,000 people came from Louisiana. It seems like enough people to mess with numbers. . I dunno? maybe not?
Texas has over 24 million residents. 220k is <1%.
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Old 05-13-2010, 01:24 PM
 
Location: Tower of Heaven
4,023 posts, read 6,724,764 times
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Quote:
Originally Posted by oakparkdude View Post
Texas has over 24 million residents. 220k is <1%.
Yeah.And Texas gains about 500K inhabitants each year so... ^^
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Old 05-13-2010, 01:28 PM
 
Location: Austin, TX/Chicago, IL/Houston, TX/Washington, DC
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Yeah Texas for just one year gained like 250K extra people, otherwise it gains a fairly large number each given year.
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Old 05-13-2010, 01:29 PM
 
Location: Portlandia "burbs"
10,234 posts, read 14,743,937 times
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An awful lot of factors figure in to the economic health of every state. But for small enterprises, could Texas in general be more supportive of small businesses and self-employment (home occupations, for example)?

Portland-Metro area of Oregon, for example, has never been small business "friendly", due to way too much bureacracy and too many restrictions. Unfortunately, with the exception of Intel and NIKE, Big Business is almost non-existent.
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Old 05-13-2010, 01:31 PM
 
Location: The Greatest city on Earth: City of Atlanta Proper
8,073 posts, read 12,886,798 times
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One word: Oil.
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Old 05-13-2010, 01:31 PM
 
Location: Austin, TX/Chicago, IL/Houston, TX/Washington, DC
10,171 posts, read 13,764,199 times
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Quote:
Originally Posted by Bluesmama View Post
An awful lot of factors figure in to the economic health of every state. But for small enterprises, could Texas in general be more supportive of small businesses and self-employment (home occupations, for example)?

Portland-Metro area of Oregon, for example, has never been small business "friendly", due to way too much bureacracy and too many restrictions. Unfortunately, with the exception of Intel and NIKE, Big Business is almost non-existent.
Yeah it is friendly to small businesses.
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