Economy: When not making excuses for President Obama's dismal economic record, liberals try to explain away Texas' stellar growth. But what choice do they have? The Lone Star State proves limited government works. After Gov. Rick Perry entered the presidential primaries in 2011, the left made a determined effort to dismiss the fact that his state had outperformed the rest of the country. Economist and New York Times columnist Paul Krugman called it the "Texas Unmiracle." Time magazine dismissed Texas' burgeoning growth as mere luck. Others chimed in along the same lines, insisting that low taxes, limited government spending and a business-friendly environment couldn't possibly have anything to do with Texas' better-than-average growth in GDP, jobs and incomes. And so, as Krugman put it, Texas "offers no useful lessons." Now that Perry is giving hints of another presidential run, the debunking effort is undergoing a resurgence.
(Excerpt) Read more at news.investors.com ...
