Perry's Texas Miracle built on Govt. Jobs, Debt & Public-Sector Venture Funds

[accountantNOT]

Well the miracle is not looking so good as more details come out.

First about jobs.

Turns out its actually the government sector jobs that is leading the charge, private sector has seen a net loss of jobs. Infact, 47% of all government jobs added in the US between 2007 and 2010 were added in Texas.

http://www.csmonitor.com/Business/O...-the-government-are-chummier-than-you-d-think

Details

• State government jobs. TX: Up 8.4%. U.S.: Down -0.1%.
• Local government jobs. TX: Up 6.1%. U.S.: Down -1.7%.
• Private-sector jobs. TX: Down -0.5%. U.S.: Down -6.6%.
• Oil and gas jobs. TX: Up 6.7%. U.S.: Up 4.5%
• Healthcare jobs. TX: Up 12.6%. U.S.: Up 6.2%.
• Private education jobs. TX: Up 17.4%. U.S.: Up 6.5%
• Tech jobs. TX: Down -10.9%. U.S.: Down -10.9%
• Manufacturing jobs. TX: Down -11.6%. U.S.: Down -15.8%
• Construction jobs. TX: Down -14.5% U.S.: Down -26.4%

Then there is the state debt.

From 2001 to 2010, state debt alone grew from $13.4 billion to $37.8 billion, according to the Texas Bond Review Board. That’s an increase of 281 percent. Over the same time, the national debt rose almost 234 percent.

Still, the trend is undeniable. While Texas lawmakers have refused to raise taxes — and often criticize Washington for borrowing and spending — the state has been paying for much of its expansion with borrowed money.

http://www.star-telegram.com/2011/07/12/3217429/texas-debt-growing-at-faster-rate.html

Plus the fact that he got 44 billion from the Federal government most of which was used to plug budget deficits among other things.

Then there is this - Taxpayer supported venture funds going directly to campaign donors.

The Emerging Technology Fund was created at Mr. Perry's behest in 2005 to act as a kind of public-sector venture capital firm, largely to provide funding for tech start-ups in Texas. Since then, the fund has committed nearly $200 million of taxpayer money to fund 133 companies. Mr. Perry told a group of CEOs in May that the fund's "strategic investments are what's helping us keep groundbreaking innovations in the state." The governor, together with the lieutenant governor and the speaker of the Texas House, enjoys ultimate decision-making power over the fund's investments.

Among the companies that the Emerging Technology Fund has invested in is Convergen LifeSciences, Inc. It received a $4.5 million grant last year—the second largest grant in the history of the fund. The founder and executive chairman of Convergen is David G. Nance.

In 2009, when Mr. Nance submitted his application for a $4.5 million Emerging Technology Fund grant for Convergen, he and his partners had invested only $1,000 of their own money into their new company, according to documentation prepared by the governor's office in February 2010. But over the years, Mr. Nance managed to invest a lot more than $1,000 in Mr. Perry. Texas Ethics Commission records show that Mr. Nance donated $75,000 to Mr. Perry's campaigns between 2001 and 2006.

Starting in 2008, Mr. Perry also appropriated approximately $2 million in federal taxpayer money through the auspices of the Wagner-Peyser Act—a federal works program founded during the New Deal and overseen in Texas by Mr. Perry's office—to a nonprofit launched by Mr. Nance called Innovate Texas. The nonprofit was meant to help entrepreneurs by linking them to investors. It began receiving funding on Dec. 31, 2008, soon after Mr. Nance's previous company, Introgen Therapeutics, declared bankruptcy on Dec. 3. According to state records, Mr. Nance paid himself $250,000 for the two years he ran Innovate Texas. Innovate Texas, whose listed phone number is not a working number, could not be reached for comment.

http://online.wsj.com/article/SB10001424052702304760604576428262897285614.html#articleTabs=article

 

[Legzman]

Ron Paul 2012

fuck the rest!

 

[accountantNOT]

Ron Paul 2012

fuck the rest!

Sadly, there is no way he is going to be nominated by the GOP.

Also.

Salon reports that a Texas supporter of Rep. Ron Paul (R-TX) has taken out a full-page ad in an Austin alternative weekly newspaper publicly seeking women (or men) who have slept with Texas Gov. Rick Perry.

"Have you ever had sex with Rick Perry? Are you a stripper, an escort, or just a 'young hottie' impressed by an arrogant, entitled governor of Texas? ... we will help you publicize your direct dealings with a Christian-buzzwords-spouting, 'family values' hypocrite and fraud."

http://www.salon.com/news/politics/war_room/2011/08/18/rick_perry_women_ad

 

[monicasilver]

Sadly, there is no way he is going to be nominated by the GOP.

Also.

Yup.

The two Republicans that interest me are McCotter and Paul. McCotter seems that sanest of the pack, but definitely within the Republican pack.

Paul is his own person. Makes me think "worth a try". He admits he is in it just to get his message out.

 

[Legzman]

I dunno, he might actually get elected just from write in's if he gets enough support. His campaign is gaining a shit load of momentum. The usual run of the mill rich, arrogant, stuck up, self centered, egotistical, retarded presidential candidates aren't gonna change shit! It'll be business as usual in big corporation America. Hell RP might not change shit either, but at least he's interesting to listen to when he speaks!

Course if by some slim miracle he does get elected, he'll be assassinated within his first year in office. The government won't let him get away with to much before they get rid of him.

 

[Hot Mega]

1.) Perry is toast if the mainstream media gets a hold of this. Which makes ya wonder...where is the librul media on this one?

2.) Re: Paul, it's easy to call every raise when you have nothing in the pot. Meaning, how hard is it to say what you will do when you know you have no chance of doing it? I tend to believe Paul is sincere...but what is that worth when again, he fairly understands he won't ever be held to account for his positions?

3.) So the bulk of Texas' jobs were created by the g'ment? I guess he CAN take credit for the Texas economy.....that ought to give some of the pocket economist here who pull for GOPers a bit of heartburn...:uohs:

 

[accountantNOT]

I tend to believe Paul is sincere...

Nah, just look at how much pork he has requested over the years after campaigning against it regularly.

Then there is this.

In Congress, I have authored legislation that seeks to define life as beginning at conception, H.R. 1094. I am also the prime sponsor of H.R. 300, which would negate the effect of Roe v Wade by removing the ability of federal courts to interfere with state legislation to protect life.

So liberty for everyone except for women's reproductive freedom.

Or freedom for everyone except Homosexuals going by his support of DOMA and DADT.

Or free markets for everyone except oil companies (Voted NO on removing oil and gas exploration subsidies)

 

[monicasilver]

Nah, just look at how much pork he has requested over the years after campaigning against it regularly.

Then there is this.



So liberty for everyone except for women's reproductive freedom.

Or freedom for everyone except Homosexuals going by his support of DOMA and DADT.

Or free markets for everyone except oil companies (Voted NO on removing oil and gas exploration subsidies)

I did not know that.

He is an interesting nut. Best to keep the radicals away from the controls at the moment. He can remain a lovable nut so long as he doesn't get power.

I'm not sure if I could name a politician who isn't a hypocrite though. I'm not for either example you gave. The pork doesn't surprise me. Lets let Roe v Wade be.

Even the guy I'm supporting specifically allowed tax breaks for the purchase of corporate jets then repeatedly spoke about elimination of special tax treatment for corporate jets.

 

[Hot Mega]

Nah, just look at how much pork he has requested over the years after campaigning against it regularly.

Then there is this.



So liberty for everyone except for women's reproductive freedom.

Or freedom for everyone except Homosexuals going by his support of DOMA and DADT.

Or free markets for everyone except oil companies (Voted NO on removing oil and gas exploration subsidies)

You're a wise sage acctNOT...:bowdown:

 

[Straight Shooter]

Yup.

The two Republicans that interest me are McCotter and Paul. McCotter seems that sanest of the pack, but definitely within the Republican pack.

Paul is his own person. Makes me think "worth a try". He admits he is in it just to get his message out.

Huntsman interests me, a good, moderate Republican. I could live with that.

 

[accountantNOT]

I did not know that.

He is an interesting nut. Best to keep the radicals away from the controls at the moment. He can remain a lovable nut so long as he doesn't get power.

I'm not sure if I could name a politician who isn't a hypocrite though. I'm not for either example you gave. The pork doesn't surprise me. Lets let Roe v Wade be.

Even the guy I'm supporting specifically allowed tax breaks for the purchase of corporate jets then repeatedly spoke about elimination of special tax treatment for corporate jets.

Here is a list to go through, I bet a lot of Ron Paul supporters are not aware of his positions on many issues either.

http://www.ontheissues.org/Ron_Paul.htm

 

[zeeblofowl_1969]

Boycott right wing psyco pigs!!!! ignore Liberal fluff balls!!!! Lets just put a really smart person in charge who could care less about what the church thinks or who thier offending!!! in other words an AmericaN!!!! Buy America First!!!!! Corporations are evil!!!!!

 

[monicasilver]

Boycott right wing psyco pigs!!!! ignore Liberal fluff balls!!!! Lets just put a really smart person in charge who could care less about what the church thinks or who thier offending!!! in other words an AMERICAN!!!! Buy America First!!!!!

I'm 95% with you. Logically I know we have a global economy and it is best to encourage competition, but I still buy American. It isn't easy.

Corporations are evil!!!!!

I don't agree.
I don't think they are people, regardless of what is in the Constitution (and the Constitution doesn't refer to corporations as people).
I do think people can be evil and selfish and they drive corporations.
Teddy Roosevelt had it right, that no corporation should be more powerful than the government.

 

[Jagger69]

Glad to see the remainder of an unsuspecting American public catch on to this guy as we who live in Texas have known for quite some time. This guy is a fraud, plain and simple.

 

[Ulysses31]

'It's a theory that's out there': Rick Perry slammed after questioning evolution in campaign chat with elementary schoolboy

Read more: http://www.dailymail.co.uk/news/art...at-elementary-school-child.html#ixzz1VTr9fHwm


He's not much of a farmer, but he's a good guy: Inside the small Texas town where Rick Perry grew up

Read more: http://www.dailymail.co.uk/news/art...esidential-hopeful-grew-up.html#ixzz1VTrfxH6U

 

[StanScratch]

Isn't this the very same Rick Perry who made a very public statement that there was no way in hell Texas was going to accept any federal monies when the stimulus was first announced?

 

[Jagger69]

Isn't this the very same Rick Perry who made a very public statement that there was no way in hell Texas was going to accept any federal monies when the stimulus was first announced?

That's him, Stan. He then pulled a Bachmann by quietly raking in as much federal cash as possible. In the meantime, he diverted attention by railing at Washington to stay out of state affairs and suggesting that perhaps Texas would be better off to secede from the union.

This guy is nothing but smoke and mirrors, folks. The fact that he cut the Texas budget on the collective backs of the kids ($5 billion sliced from the education coffers) is proof enough that he's willing to throw the baby out with the bathwater in order to make himself look good.

 

[abrogate]

That's him, Stan. He then pulled a Bachmann by quietly raking in as much federal cash as possible. In the meantime, he diverted attention by railing at Washington to stay out of state affairs and suggesting that perhaps Texas would be better off to secede from the union.

This guy is nothing but smoke and mirrors, folks. The fact that he cut the Texas budget on the collective backs of the kids ($5 billion sliced from the education coffers) is proof enough that he's willing to throw the baby out with the bathwater in order to make himself look good.

He is a turd.

 

[StanScratch]

I don't know. The first Texas governor turned President dug us into an unwinnable war. The second one only gave us two unwinnable wars, as well as a rather staggering election. Now, there are some people going back to work and all that shit. Shit needs to stop.
We need to elect this guy. Those fucking Assyrians are getting awful snarky. And the Isle of Man? More like the Isle of Watch My Fucking Bombs Toast Your Asses! And what's all this about Saint Vincent and the Grenadines? I mean..."Grenadines". They have to have grenades! Weapons of mass destruction! Invade! Invade! Invade.
Meanwhile, there is way too much regulation in the credit, mortgage, banking, insurance and stock agencies. Sure, those companies fucked us a few years ago, but I am sure they learned. Let them regulate themselves...I am sure that will work out for the best. Or, it will get rid of the middle class - and if that doesn't do it, I have a friend who is just itching to move about 100 million jobs to China, if I give him the right tax break.
Yeah. Perry/Bachmann in 2012.

 

[D-rock]

Correct me if I'm wrong, but didn't he also just recently come out against believing in the existence of global warming also?

It's like he's becoming even more of a blind nutcase as time goes on.