The establishment Republican party does not want Rick Perry to run against President Obama in 2012–that is illustrated by the recent buzz about Paul Ryan or whether Sarah Palin would run. The Democrat party (and the liberal media) do not want Rick Perry to run–that is illustrated by recent attacks on both Texas and Rick Perry. For example, on August 22, Paul Krugman wrote an article in the New York Times about the low wages in Texas and the fact that job growth should have been better than it was.
First, the debate over the alleged Texas miracle is not over whether Texas is in fact a miserable failure. All the critics need to show is that Texas is not in fact the miracle Perry claims. And it isn’t.
Second, defenders of the miracle claims seem remarkably unwilling to confront the key argument. People like me point out that Texas has not, in fact, been immune to the recession. Since there’s a long-term shift of population and jobs to Texas, you’d expect job growth in Texas to be higher than in the rest of the country even in a recession, and the key question is whether that growth has been sufficiently high to keep up with population — and it hasn’t.
It’s a better bet that almost 1.9 million people have fled New York and Massachusetts over the last decade because they couldn’t find a job in those states, and that many of them came to Texas because there were jobs here for them because of our model of governance incorporating low taxes and spending, a predictable, low level of regulation, and a sound civil justice system—with minimal federal interference.
From this perspective, the Texas Miracle is that Texas’ unemployment rate is only 8.2% after a net inflow of 781,542 job seekers and their families have come here looking for work. Not to mention the demand for work created by international migration and normal population growth. While New York’s 8% unemployment rate come after 1.5 million people left the state.
The Texas Model has led to strong economic growth for our state, and it can do the same for the entire country.
What are these attacks about? Under Rick Perry, the State of Texas has instituted tort reform. The state has also recently passed a law that requires the loser in a lawsuit to pay the court costs. Needless to say, this prevents a lot of unnecessary lawsuits and makes less work for lawyers.
These are the three top groups that contributed to the Democrat party in 2010:
Candidate Committees $58,923,992
Lawyers/Law Firms $29,914,538
Rick Perry is a threat to both the Republican establishment and the Democrat party. His election would put tort reform nationwide on the table and might even result in a more reasonable court system.