The “Texas Miracle” Was Government Jobs
Have you heard the one about the “Texas Miracle?” You know, the part of presidential candidate Rick Perry’s new stump speech where the Texas governor claims that he is responsible for the fact that the state lost less jobs and had a healthier housing market than almost any other state in the country?
Maybe they need to rename it the “Big Government Miracle.”
After doing a thorough analysis of the jobs picture of the state, Jared Bernstein, fiscal policy expert at the Center on Budget and Policy Priorities, noticed there was a large amount of hiring in Texas. But the jobs being filled? Those were government jobs. On the other hand, private sector jobs in the state shrunk by nearly 180,000. Over all, thanks to 125,000 new public sector jobs, most of them paid for with federal stimulus dollars, Texas only shed 53,000 jobs, a small blip for a state with such an enormous population.
Enjoy your miracle, Texas. If Perry gets elected president I doubt you’ll see that sort of stimulus again any time soon.
Photo from Gage Skidmore via flickr creative commons