PORT ARANSAS, Texas - Governor Rick Perry's office just posted an article online that was reprinted with permission from the National Review. If you are a resident of the Lone Star State, you have reason to be proud. A few excerpts are below and the complete article can be found here.
If you want to know where the future is headed, look where the people are going. And if you want to know where the people are going, check with U-Haul. Here's an interesting indicator, first noted by the legendary economist Arthur Laffer: Renting a 26-foot U-Haul truck to go from Austin to San Francisco this July would cost you about $900. Renting the same truck to go from San Francisco to Austin? About $3,000. In the great balance of supply and demand, California has a large supply of people who are demanding to move to Texas.
Once a largely agricultural state, Texas today is home to 6 of the 25 largest cities in the country, more than any other state. Texas has a trillion-dollar economy that would make it the 15th-largest national economy in the world if it were, as some of its more spirited partisans sometimes idly suggest it should be, an independent country. By one estimate, 70 percent of the new jobs that were created in the United States in 2008 were created in Texas. Texas is home to America's highest-volume port, the largest medical center in the world, and the headquarters of more Fortune 500 companies than any other state, having surpassed New York in 2008. While the Rust Belt mourns the loss of manufacturing jobs, Texans are building Bell helicopters and Lockheed Martin airplanes, Dell computers and TI semiconductors.
Earlier this year I posted a great video about the Texas economy. If you missed the Texaplex campaign, the video is available at Port Aransas Real Estate.