
We have become a bailout nation. Bailouts will not create jobs, nor will burdensome overregulation. The government will manage banks, insurance companies, and automakers the same way it has manages the mail or your local social security office... poorly.
The Texas GOP has to remember that the true engine of job-creation is entrepreneurship and a legal and regulatory structure that encourages and rewards business ventures and success.
Grow The Economy
Market economics is about more than making money or creating wealth; it is about allowing individuals to be the best they can be. Free market economics is the only economic system that allows you to act locally and thinks globally. Freedom and individual responsibility are centric to the philosophy. All socialism, including democratic socialism, depends upon coercion and forcing individuals to do what they may not choose to do Socialism and modern day liberalism are not based on liberty or freedom but on forcing the individual to conform. Modern day America is evolving
Is the Southern District of New York (SDNY) becoming the laughing stock of our nation's bankruptcy courts? After Chief Judge Cecelia Morris' appearance on Fox Business a couple of weeks ago, that just might be the case. I found this story while researching the SDNY on Bankruptcy Law Review. It seems Judge Morris wants to now blame all of the failings of her district's courts on the fiscal sequestration that is really just now starting to affect government entities. Sounds like more excuses from a court district already plagued with problems. Read more »
Once again, today’s jobs report shows that our economy is recovering at a sluggish pace and that job growth is far behind our potential. In addition to our chronically high unemployment rate, our nation’s employment rate is near a 30-year low and has barely shifted over the past three years. Read more »
With the regular session of the 83rd Texas Legislature finished, there are a number of decisions made by the current legislature that are positive steps forward for the future of our state. However, there were a number of failures on the legislative front; and important state issues were left unresolved.
On the positive side, most noteworthy was the long overdue recognition by our legislators that “one size doesn’t fit all” when it comes to educating our children. As Chairman of the Texas Workforce Commission, I pushed for greater cooperation among school districts, local community colleges and technical institutes such as Texas State Technical College (TSTC). I am pleased with Sen. Lucio’s bill to prevent high school dropouts through career and technical education
I recently announced the creation of the Texas Maritime Caucus, which I will co-chair with Congresswoman Eddie Bernice Johnson from the 30th Congressional district of Texas.
The Caucus’ mission will be to promote Texas ports and waterway districts, illustrate the importance of the ports and waterways to areas of the state and nation beyond the Gulf of Mexico, and advocate for changes in current law to facilitate optimal import and export of cargo and the transportation of passengers. Read more »
Yesterday, I voted for H.R. 3, The Northern Route Approval Act, which removes the Obama Administration from the permitting process and allows for the immediate construction of the Keystone pipeline from the Canadian border to Nebraska. It also limits the lawsuits filed by special interest groups, which are
While Democrats in state capitals such as Sacramento and Albany are busy patting themselves on the back for the great job they’re doing, a new report out today puts California and New York at the bottom of the list for economic performance and outlook, casting doubts about prospects for reducing unemployment creating economic opportunities for millions of Americans living in high tax states.
In “Rich States, Poor States,” the American Legislative Exchange Council and well-respected economist Art Laffer examine each state’s economic performance in areas such as GDP, employment, and domestic migration, all factors that are heavily influenced by state policies. Looking forward, they examine factors
The Texas Society of Certified Public Accountants (TSCPA) recently published a paper analyzing President Obama’s proposed FY 2014 budget. TSCPA began its non-partisan analysis by quoting from the President’s budget message that stated he wanted to “eliminate unnecessary fossil fuel subsidies that impede investment in clean energy sources.” TSCPA noted that the President hopes that by eliminating
It’s fitting that President Obama kicked off his "jobs and opportunity" tour in Texas – the state that was rated first for business and second for average personal income growth. With low taxes and sensible regulations, Texas is a beacon for economic growth and opportunity.
Instead of following the path taken by his home state of Illinois that has a 9.5% unemployment rate, the President should recognize that our nation
During the Carter era and stagflation of the 70’s, our economy may have sucked, but at least the entrepreneurs were busy starting news business. Apple and Microsoft began in the 70’s before they exploded in 80’s under the Reagan era. Reagan's economic policy liberated the entrepreneurs and as they say, the rest is history as the United States experienced a quarter of a century of economic growth. Instapundit Glen Reynolds observed,
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