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this is why the comparisons to BushIIe will subvert any Perry campaign.


 

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.

 

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

 

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.

 

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.

 

With the state facing a $27 billion budget shortfall in the last legislative session, Mr. Simpson filed a motion in the Texas House in May to shutter the fund and redirect the money to other portions of the budget. That measure passed 89-37 to cheers from the chamber. But the fund was kept alive by the legislature's conference committee.

 

http://online.wsj.com/article/...428262897285614.html

 

 

 

 

 

 

 

 

 

 

 

 

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Must be.


Private job growth robust in Texas

Date: Wednesday, August 3, 2011, 2:36pm CDT
 

Texas added 251,900 jobs in the private sector for the year ending in June, said the Real Estate Center at Texas A&M University .

Texas’ 3 percent growth rate beats the nation’s rate of 1.7 percent.

Houston-Sugar Land-Baytown metro area posted an annual employment growth rate of 2 percent for the period and ranked ninth among Texas metro areas.

Texas’ mining and logging sector ranked first in job creation, posting an annual employment growth rate of 16.8 percent and the construction industry was second with 30,900 new jobs with a 5.4 percent growth rate.

 

Check out the structure of government in Texas.  The governor of Texas is the WEAKEST of all governors in this nation.  In Texas, the governor is not even responsible for developing the state's budget.  That task is the responsibility of the Lieutenant Governor. Here is a link to a very complete description of government structure in Texas as related to the positions of Governor and Lieutenant Governor:

 

http://texaspolitics.laits.utexas.edu/1_1_0.html

 

This is not to argue that the governor is powerless, but rather to indicate that a lot of stuff that gets done in Texas is either someone else's responsibility or that is part of a team effort that importantly involves players in addition to the governor.

 

Does Rick Perry claim any share of  responsibility for the 9 BILLION dollar indebtedness of the Lone Star State?

Biden stated that Texas's economic sucess was due to military spending, its oil industry, and their IT business.

 

Well, California has all three, plus a higher deficit, higher taxes and businesses and people leaving.  Of course, California actually drove off one military base and protested so much, a second was never estabished.  Both, in the SF Bay area.

Rick Perry’s Economic Miracle?


"Texas has fared better than most of the nation," said Terry Clower, who directs the Center for Economic Development and Research at the University of North Texas. "Private sector job creation has been pretty strong compared to most other states."

 

The secret, according to Perry, is low taxes, predictable regulation, a fair legal system, and a skilled workforce. And he's been sharing it with companies around the country, hoping to lure them to his state. Some are heeding his siren call, lured by the state's low cost of doing business, as well as Texas Enterprise Fund, which has awarded companies $440 million to relocate since it was created in 2003.

 

Texas, however, still faces many challenges on the jobs front. Many of the positions that have been created are on the lower end of the pay scale. Some 550,000 workers last year were paid at or below the federal minimum wage of $7.25, more than double the number making those wages in 2008, according to the Bureau of Labor Statistics.


That's 9.5% of Texas' hourly workforce, which gives it the highest percentage of minimum-wage hourly workers in the nation -- a dubious title it shares with Mississippi.

"We have created jobs, but they are not jobs with good wages and benefits," said F. Scott McCown, executive director, Center for Public Policy Priorities, which advocates for low-income residents.

 

The state's rapidly expanding population has been both a blessing and a curse. While it has spurred the creation of jobs to service the new residents, it has also kept the state's unemployment rate higher than one would expect for a place that's adding so many positions. Texas' unemployment rate is 8.2% -- lower than the nation's, but higher than 25 other states.

 

http://money.cnn.com/2011/08/1...texas_jobs/index.htm

Videos:

 

 

http://www.msnbc.msn.com/id/21...vp/44154040#44154040

http://videocafe.crooksandliar...praise-rick-perrys-t


Basically, you have nothing..All you know to do is attack anything that goes against your savior Obama, logical or not. Attack the republicans, call them names, and then say that they are the violent ones. It's not working jimi.

Are you sure you taught school?  I would think that you would be used to 'put up or shut up'.

Originally Posted by The Propagandist:
Originally Posted by b50m:

Texas has a high percentage of uneducated Hispanics. Those 'not good jobs' are probably good enough. 

 

Why do liberals complain about no jobs, then complain more about  minimum wage jobs?  Do you expect every one to have a $100,000 dollar job?

 

 

Without a federally-mandated minimum wage, how low would they go?

 

I'm glad you finally agree that it is the federal government that set the wages, not the unions. A job that pays minimum wage is much better than no job at all. Stops the drain on unemployment, gives pride to the person and boosts the economy.

Without a federally-mandated minimum wage, how low would they go?

 

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It doesn't matter how low minimum wage is because NO ONE will work for it except for teens taking the "starter" jobs, people that aren't worth a s*** and only work for a while at any job, or maybe retired folks that work for whatever reason after retirement. 

Originally Posted by b50m:


Basically, you have nothing..All you know to do is attack anything that goes against your savior Obama, logical or not. Attack the republicans, call them names, and then say that they are the violent ones. It's not working jimi.

Are you sure you taught school?  I would think that you would be used to 'put up or shut up'.

 

 

And won the Viet Nam  war single handed...don't forget!

Even with high unemployment, not many are working for minimum wage, or less (waiters).

 

"In 2010, 72.9 million American workers age 16 and over were paid at hourly rates, representing 58.8 percent of all wage and salary workers.1 Among those paid by the hour, 1.8 million earned exactly the prevailing Federal minimum wage of $7.25 per hour. About 2.5 million had wages below the minimum wage."

 

http://www.bls.gov/cps/minwage2010.htm

Originally Posted by ReleaseTheElephant:
Originally Posted by b50m:


Basically, you have nothing..All you know to do is attack anything that goes against your savior Obama, logical or not. Attack the republicans, call them names, and then say that they are the violent ones. It's not working jimi.

Are you sure you taught school?  I would think that you would be used to 'put up or shut up'.

 

 

And won the Viet Nam  war single handed...don't forget!

Yes, I did! How did you ever serve your country, except with your mouth?

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