"Rick Perry Doesn’t Know Texas is in a Recession"
Lee Fang reports that Texas Governor Rick Perry doesn’t realize there’s a recession in his state:
PERRY: Why is Texas kind of recession-proof, if you will? As a matter of fact, just today I think, Michael, you said someone had put a report out that the first state that’s coming out of the recession is going to be the State of Texas. I told him, I said, ‘We’re in one?’
Texas is doing better than many other states, but it’s very much in a recession. Governor Perry might want to consult such newspaper articles as “Texas unemployment hits 22-year high in August”
Below average unemployment is better than above average unemployment, but Texas unemployment is still much higher than it’s been in a long time. That’s a recession.