I linked yesterday to this summary of Texas's record on job creation and growth. With Rick Perry's entry into the contest to become President, Democrats are seeking to dispute the success of the Texan economy. The weakest effort so far must be this from The Centre For American Progress- the Soros funded liberal advocacy group:
The flaw in this approach should be easy enough to spot, but just to spell it out:
Imagine if there were 2 states, each with 10 million people in the workforce.
State A- Loses 500 000 jobs and 1 million people move to state B.
State B- Adds 500 000 jobs and 1 million people come in from state A.
Which state is a basket case and which one is thriving? For sane people the answer is that B is doing better than A, but not according to the Center For American Progress, because using their statistic- change in jobs minus change in labor force- A scores +500 000 and whereas B gets -500 000.
So if Texas scores worst on job creation according to CAP which state tops the table job creators and should presumably be emulated?
The same Michigan that has had among the highest levels of unemployment in the USA for decades- but is losing population quicker than any other state in the nation.
1 hour ago