For anyone having trouble imagining Rick Perry replacing Barack Obama as America’s president, imagine if Barack Obama had replaced Rick Perry as governor of Texas.
Both Obama and Perry inherited an economy from George W. Bush, but here’s what happened in each case:
According to the Bureau of Labor Statistics (BLS), under Obama, 2.4-million jobs have been lost in America.
In the first decade of Perry’s tenure, from June 2000 to June 2010, the BLS says that Texas had a net gain of 907,000 jobs—the best record in the country. Perry refers to research from the Federal Reserve’s Dallas branch that since the recession technically ended in June of 2009, Texas has created about 48 percent of the new jobs in America.
Since Obama’s inauguration in January 2009, unemployment nationwide has gone from 7.6 percent to 9.1 percent. The current unemployment rate in Texas with Perry as governor is 8.2 percent.
During the past seven years, CEOs polled by Chief Executive magazine have rated Texas first in the nation in business development and job growth. The Commerce Department’s Bureau of Economic Analysis reports that in 2010, Texas’ economy grew 5.3 percent versus 3.8 percent for the overall U.S. economy.