Texas "last in, first out" of recession--economist says

Apparently you have reading comprehension difficulties, but let's say for a moment it is "net."

You are STILL a long way off from "a lot" correct?

Yes.

Your assertion was shattered. Just man-up and admit so, and take that stupid talking point out of your notebook, or make it more accurate using the word "some."

It should now be: "Umm last time I checked we import some of our fuel in refined form."

Even though the FACT is, we are the #17 exporter on the planet:

https://www.cia.gov/library/publica...tates&countryCode=us&regionCode=na&rank=17#us

Well lets just use that precise and non appllicable term as tons of oil?

Loser.
How about you just drop your exaggerated, false and misleading talking point you cannot back up?

Smegma Head.

Pecker Neck.

Na na nanana.

from the last link I posted it looks like we import a little under 10% of our daily gasoline demand. I did not do the math but with demand being 8.956 and the import level of gas for the same period being .838. Well you figure it out einstein. It is charts and such which I do not have much luck posting on here. If someone else is handy at that...

and that is no wack job site. I suggest you do a bit of research to relieve your CranialAnalitis.
 
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The "oil patch" parts of Texas are not faring well in this recession.

Which completely belies your assertions.

Texas is a massive, diversified economy in which the oil industry is only a part.

Some southern states such as Louisiana are far more oil rich and far more dependent on oil, and are faring terribly.

Relative to the rest of the nation, the energy industry is doing better than most other industries. Most states that are more exposed to commodities, including energy, have generally done better than the national economy. This is true not only of state economies but national economies as well. The economies of Australia and Canada have faired far better than America's.

Also, states that relied more heavily on construction, the housing market and finance have generally performed worse. Texas did not have the same housing bubble as many other states. Texas may be a large, diversified economy, but so is California's and California boomed for most of the decade as its housing market went nuts, far moreso than the market in Texas.
 
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Dad gummit, we must be doing something right in this great state.

Analyst: Texas will be first to recover from economic ills | Business | Chron.com - Houston Chronicle

DALLAS — Texas will be “last in, first out” among states battling the recession, although a recovery that has already started will require patience, a leading economist says....



“The long-term story when people look back at it will be one of last in, first out. It's also a story of us doing a little better than the rest of the country,” Perryman said. “Nonetheless, there's going to be a legacy of pain. Three hundred thousand people did lose their job, and no one really escaped this.”



As a measure of Texas faring better than most states, Perryman pointed to the 300,000 job losses. Although a large number, it represented about 4 percent of the losses nationally in a state that accounts for about 8 percent of the U.S. economy, he said. Using that formula, Texas had about half the job losses that might be expected.



One of the strongest signs of a recovering economy, Perryman said, is Texas enjoying job gains the past two months and three of the past six. He and other economists say that trend will continue, but at a modest rate. Analysts say the same thing about other sectors of the Texas economy.

Prolly cuz we ain't as dumb as you damned Yankees think. ;)
 
Dad gummit, we must be doing something right in this great state.

Analyst: Texas will be first to recover from economic ills | Business | Chron.com - Houston Chronicle

DALLAS — Texas will be “last in, first out” among states battling the recession, although a recovery that has already started will require patience, a leading economist says....



“The long-term story when people look back at it will be one of last in, first out. It's also a story of us doing a little better than the rest of the country,” Perryman said. “Nonetheless, there's going to be a legacy of pain. Three hundred thousand people did lose their job, and no one really escaped this.”



As a measure of Texas faring better than most states, Perryman pointed to the 300,000 job losses. Although a large number, it represented about 4 percent of the losses nationally in a state that accounts for about 8 percent of the U.S. economy, he said. Using that formula, Texas had about half the job losses that might be expected.



One of the strongest signs of a recovering economy, Perryman said, is Texas enjoying job gains the past two months and three of the past six. He and other economists say that trend will continue, but at a modest rate. Analysts say the same thing about other sectors of the Texas economy.

Wait til Mr. "Me @38" nekkid chest guy gets ahold of your post. :cool:
 
Texas is among the most pro-business states in the country - and as such, job production far outpaces the national average.

It also initiated a successful blue-print for health care reform, and now doctors are heading to the state in droves, and insurance premiums are falling - not rising.

While far from perfect, Texas has much to offer the nation as an example...
 
Texas is among the most pro-business states in the country - and as such, job production far outpaces the national average.

Texas is requires by the state constitution to have a balanced budget, so the politicians cannot routinely overspend then go whining to the taxpayers "we must raise taxes or the state debt will make us bankrupt." This keeps taxes lower than average and makes Texas a far more attractive place for industry. If only the brain dead bozos in other states would learn that singel lesson, many of the problems teh US federal government faces might be alleviated.
 
Texas is among the most pro-business states in the country - and as such, job production far outpaces the national average.

Texas is requires by the state constitution to have a balanced budget, so the politicians cannot routinely overspend then go whining to the taxpayers "we must raise taxes or the state debt will make us bankrupt." This keeps taxes lower than average and makes Texas a far more attractive place for industry. If only the brain dead bozos in other states would learn that singel lesson, many of the problems teh US federal government faces might be alleviated.

You are right - and not just a more pro-business tax structure, but the regulatory hurdles are far less intrusive in Texas as well. (Much more common sense if you will...)

It is far cheaper to buy the dirt and develop the property for home building in Texas than many many other states. The environmental impact studies/fees, traffic mitigation costs, water-sewer costs, etc, are far more reasonable, and create a home purhcase market far friendlier to the middle class.

Much the same scenario plays out for industry looking to locate there as well, though the cost savings are of course multiplied many times over. This results in more jobs, and an overall higher standard of living.

If it just didn't get so damn hot in the summer months...:eusa_angel:
 
If Texas was not so full of Texicans...'
Who seem to be so full of themselves.
__________

You are right - and not just a more pro-business tax structure, but the regulatory hurdles are far less intrusive in Texas as well. (Much more common sense if you will...)

It is far cheaper to buy the dirt and develop the property for home building in Texas than many many other states. The environmental impact studies/fees, traffic mitigation costs, water-sewer costs, etc, are far more reasonable, and create a home purhcase market far friendlier to the middle class.

Much the same scenario plays out for industry looking to locate there as well, though the cost savings are of course multiplied many times over. This results in more jobs, and an overall higher standard of living.

If it just didn't get so damn hot in the summer months...:eusa_angel:
 
There are a lot of oil based jobs in TX. That brings in real money. Too many states are left with a "service economy", which is a joke. I hope the DC pols notice that drilling for oil in ANWR or off-shore will stimulate the economy. Its up to the states to say if they want to create jobs or if they want high unemployment and a deficit.

service based is in the present & future. if you want to work in a fac tory or break your back everyday til you are 70 be my guest, but the rest of us will do something more useful and forward thinking

Where do you work.....Taco Bell, KFC, Wendy's?
 

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