Seemingly for the American Left, destroying economic freedom is their raison d'etre. As pretext for their invasion of our pocketbooks, they have fabricated weak evidence that allowing "too much" freedom is to blame for our current economic problems. The alleged failures of capitalism are everywhere.
One problem: The minor exception of Texas.
Ah Texas, without a single Democrat holding a statewide office in over a decade. Texas, with a Republican majority in both houses of the legislature. Texas, with 9 of 9 Republican state Supreme Court justices. Texas, with no income tax. Texas, with light regulation and lightly planned cities. Where else in America could the economic failures of free market ideology be on greater display?
Only Texas doesn't seem to cooperate with the presuppositions of Obama's new statism. I have written about the massive budget surplus here. I have written about Texas' FALLING home foreclosure rate here and here. And how Texas has the 2nd most free economy in the U.S. here.
Today, Tory Gattis at his blog HoustonStrategies links to an article here, and a list here, that demonstrates the results of free market ideology in Texas.
The first, is an article at EcoHome Magazine that lists the 15 healthiest housing markets in the United States:
1. Houston, TX
2. Austin, TX
3. Fort Worth, TX
4. San Antonio, TX
5. Dallas, TX
Wow, Texas takes the Gold, Silver, Bronze, Honorable Mention and the Participant ribbons. Surely light land regulation had nothing to do with this at all!
The second link is a list of #1 rankings given by various publications for Houston and Texas.
Some selections are below.
Best City to Live, Work and Play Kiplinger's Personal Finance — July 2008
Best U.S. City to Earn a Living Forbes.com — August 18, 2008
Best City for Recent College Grads Forbes.com — June 26, 2008
Fastest Job Growth (11/07 to 11/08) U.S. Bureau of Labor Statistics, Metropolitan Area Employment and Unemployment – January 4, 2009
Lowest Cost of Living Among Major Metro Areas ACCRA Cost of Living Index — Second Quarter 2008
Largest IT Service Economy Onforce, Inc. (VoIP Monitor) – December 5, 2008
Top U.S. Manufacturing Cities Manufacturers' News Inc. (as reported in the Houston Business Journal) — May 30, 2008
America's Top State for Business CNBC.com — July 2008
Most Favorable Business Climate in the Nation Development Counsellors International (DCI) — "Winning Strategies in Economic Development Marketing" — July 2008
Best State To Do Business Chief Executive Magazine — January 2008
[Most] Fortune 500 Headquarters Fortune Magazine - April 2008
U.S.'s Top Exporting State WISERTrade — February 2008
I'm sure this is all coincidence and probably due to some evil conspiracy by George W. Bush, but I'm willing to wager (literally) that Texas' unemployment rate will be lower than in California and New York for at least the next two years.