jobs

The 7 biggest lies about the economy.

1. Tax cuts for the rich trickle down to everyone else. Baloney. Ronald Reagan and George W. Bush both sliced taxes on the rich and what happened? Most Americans’ wages (measured by the real median wage) began flattening under Reagan and have dropped since George W. Bush. Trickle-down economics is a cruel joke.

"Twenty-five states have lower unemployment than Texas" which is "tied with Mississippi for more minimum-wage jobs than anywhere in the United States."

U.S. Rep. Lloyd Doggett told ABC News on Aug. 11, 2011, that Gov. Rick Perry’s rosy depictions of employment conditions in Texas aren’t entirely accurate.

"Twenty-five states have lower unemployment than Texas does today," the Austin Democrat said, adding that "we're tied with Mississippi for more minimum-wage jobs than anywhere in the United States."

Is Texas middling in unemployment and tied with the Magnolia State for minimum-wage jobs?

Yes and yup.

Read the entire article at PoltiFact Texas.

^{by Paul Krugman}

As expected, Rick Perry, the governor of Texas, has announced that he is running for president. And we already know what his campaign will be about: faith in miracles...

So what you need to know is that the Texas miracle is a myth, and more broadly that Texan experience offers no useful lessons on how to restore national full employment...

In June 2011, the Texas unemployment rate was 8.2 percent. That was less than unemployment in collapsed-bubble states like California and Florida, but it was slightly higher than the unemployment rate in New York, and significantly higher than the rate in Massachusetts. By the way, one in four Texans lacks health insurance, the highest proportion in the nation, thanks largely to the state’s small-government approach. Meanwhile, Massachusetts has near-universal coverage...

So where does the notion of a Texas miracle come from? Mainly from widespread misunderstanding of the economic effects of population growth.

...So when Mr. Perry presents himself as the candidate who knows how to create jobs, don’t believe him. His prescriptions for job creation would work about as well in practice as his prayer-based attempt to end Texas’s crippling drought.

@BionicBlonde asks via Twitter, "What can the federal government do to help create jobs in your state right now?"

On April 6, 2011, the Save Our State Rally brought together thousands of people from across the state...so we asked them, why are you here?

On April 6, 2011, the Save Our State Rally brought together thousands of people from across the state...so we asked them, why are you here?