The Perry Model: Would a Stimulus Bill of $42.75 Billion Been Enough?

Democrats claim that the $17.1 billion in Stimulus Funds that Texas received is largely the reason why that state created forty percent of net jobs gained in the USA the last two years.

Well, if this critic is true, then the full Stimulus should have been only $42.75 billion. Right? $17.1 billion gives us 40% jobs; another $17.1 billion would give us another forty percent, and then half of another $17.1 would give us another twenty percent, and we would be where we are now with $42.75 billion instead of a $787 billion bill. No?

While I am at it, Texas has more than 8% of the USA population, yet received less than 7% of the $267.6 billion already granted, awarded and loaned through the American Recovery Act. If Perry gave us with his Stimulus fund a few balanced budgets and forty percent of the country’s new jobs, then he did a job better than other Big State Governors.

 

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  • Burech Miller

    Did you check to see the proportion of working age residents of Texas as compared to other states?

    • Yossi Gestetner

      No. and it’s not an issue.

  • Burech Miller

    Sure, if Texas only has just below 7% of the working age population, then you could understand why they received less than 8% of money from the American Recovery Act. So, “while you’re at it”, you could verify the legitimacy of that seeming imbalance.

  • Yossi Gestetner

    The overall point with that line was that Tx didn’t get anything close to 40% of the Stimulus, yet produced 40% of US actual jobs gains of the last two years. Why do you get hung up on exact percentages when the overall point stands even IF Texas got 20% of the Stimulus?

  • Burech Miller

    You seem to look at it so simply. This isn’t a new thing for Texas, and hasn’t been a result of a Perry governorship. Several factors, such as having a low minimum wage, being a “Right-to-Work” state, having incredible tax incentives for corporations, a budget shift that refocused investment into education, and having the largest port in foreign tonnage in the United States do not have anything to do with Perry. True, Perry has lured industry to his state through the intense tort reform he pushed through, but this isn’t necessarily a sign of lasting job growth, as companies may simply move elsewhere when a more lucrative offer presents itself. Texas has been leading the nation in job growth for almost two decades.