SocraticGadfly: Rick Perry the job destroyer

March 05, 2009

Rick Perry the job destroyer

Earlier today, I suggested Rick Perry shouldn’t be so gloating about Texas job creation.

Now, we’re starting to get the details of WHY – namely, we ain’t having jobs created right now.

The job losses are already piling up here in Tejas.

Unemployment up to 6.4 percent in January, up 2 full percentage points from a year ago. The Texas Workforce Commission revised 2008 job creation downward some 60,000 jobs, or 40 percent, below original estimates. Here’s more:
“It’s a significant loss,” said Tom Pauken, chairman of the commission. “I don’t think we’re going to see job growth through the rest of the year unless something dramatic happens.”

January was the third consecutive month with job losses.

Update: Add mortgage destroyer to Little Ricky’s profile boasts, as Texas now has one of the five-fastest rates of increase in 90-day delinquent mortgages.

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