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United States News
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Title: GOP front-runner Perry's four economic vulnerabilities
Source: MSNBC
URL Source: http://today.msnbc.msn.com/id/44164452/ns/business-us_business/
Published: Aug 16, 2011
Author: staff
Post Date: 2011-08-16 17:25:48 by buckeroo
Keywords: None
Views: 718
Comments: 2

The latest GOP presidential contender has started running with the wind at his back. Unlike most other candidates — including President Obama — Texas Gov. Rick Perry can claim a measure of economic success over the last several years.

Texas has bucked some dispiriting national trends, with an unemployment rate that's lower than the national average and an economy that has held up relatively well during the devastating downturn. Perry's mission is to convince voters that if elected, he can replicate the "Texas Miracle" on a national scale. ---SNIP ---

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#1. To: All (#0)

Notice the headline of the article: "GOP front-runner Perry's four economic vulnerabilities" .... who determined that?

buckeroo  posted on  2011-08-16   17:26:53 ET  Reply   Trace   Private Reply  


#2. To: buckeroo (#1)

Notice the headline of the article: "GOP front-runner Perry's four economic vulnerabilities" .... who determined that?

1. He's a big beneficiary of big-government

Perry's No. 1 talking point as a presidential candidate is job creation in Texas. He claims correctly that Texas has created more than one-third of all jobs in the country since the economic recovery began in mid-2009. What he doesn't mention is that virtually all of that job creation was in government, not in private industry.

Translation for Republican retards = He is a hypocrite.

2. The "Texas Miracle" is unraveling

Texas has been able to delay the kinds of sharp cutbacks in government payrolls and services that most other states have been forced to undertake, partly because of a strong energy sector that helped sustain the state's tax revenues during the early part of the recession. But Texas now seems poised for steep cuts in government services, just like many other strapped states.

Translation for Republican retards = By supporting the smaller govt kooks in the GOP he screwed his own state's growth.

3. What's good for Texas is bad for America's drivers

When oil and gas prices rise, the Texas economy gets a big boost. According to the Federal Reserve Bank of Dallas, every 10 percent rise in oil prices boosts annual economic output in Texas by half a percentage point, and employment by 0.36 percentage points.

Translation for Republican retards = Texas is in league with OPEC (When OPEC does well so does Texas).

4. He sounds clueless about monetary policy

Perry's first pronouncement on the Federal Reserve as a presidential candidate was a convoluted mouthful of economically illiterate posturing. When asked his opinion of the Fed, Perry said of chairman Ben Bernanke, "If this guy prints more money between now and the election ... we would treat him pretty ugly down in Texas. Printing more money to play politics at this particular time in American history is almost treacherous—or treasonous."

Translation for Republican retards = He might not sound stupid to the Republican cult members that don't listen to anyone other than their own kind but to the rest of the nation, including the big players in business, he sounds like a rube hick.

With the economy still in the dumper -- maybe permanently? -- and full-time jobs becoming as scarce as rain during a drought, huge percentages of Americans have had their (misplaced) faith in the American dream shaken, the upper-middle-class consumerist lifestyle is exposed as a mirage for anybody who plays by the rules. Capitalism and the America that embraced it as a way of life is now and forever more a failure. It does me good to know that the generation that voted in Reagan and his ideology will see their America die from that ideology before their very own eyes and knowing they had a hand in its destruction.

Godwinson  posted on  2011-08-16   17:33:39 ET  Reply   Trace   Private Reply  


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