Hold the phone on Texas economic optimism

First, the Dallas Federal Reserve says Texas unemployment could break 8 percent by the end of the year.

Second, Mark Zandi from Moody’s doesn’t expect the bleeding to stop until some time next year.

Next question – political fallout?

I’m assuming President Obama pushes for additional economic measures some time later this year.

Having opposed the original stimulus bill, how does Kay Bailey Hutchison vote this time, should that happen?

And, if the Texas-level economy continues to sag, does Rick Perry call a special session of the Texas Legislature?

If he does, it will be short, sweet and soon, due to state law barring him from campaign fundraising while the Lege is in session.