Economic Incompetence at the Top

By:  Ralph R. Reiland
09/12/2011
       
Economic Incompetence at the Top

On August 31, with job creation grinding to a complete halt, U.S. Labor Secretary Hilda Solis was asked this question: “Why do you think there have been so many jobs created in the last decade in Texas?”

She laughed and said, “Come again.”
 
The questioner rephrased his query, adding a citation: ”The Federal Reserve Bank of Dallas estimates about half of the jobs created in the U.S. in the last decade have been created in Texas. Why do you think that is?”
 
Replied Solis, “I haven’t done a lot of research in terms of the economic growth in Texas.”
 
It appears that Labor Secretary Solis had no interest in looking at how a state with 8 percent of the nation’s population had created nearly half of the nation’s new jobs over the past 10 years.

On August 31, with job creation grinding to a complete halt, U.S. Labor Secretary Hilda Solis was asked this question: “Why do you think there have been so many jobs created in the last decade in Texas?”

She laughed and said, “Come again.”
 
The questioner rephrased his query, adding a citation: ”The Federal Reserve Bank of Dallas estimates about half of the jobs created in the U.S. in the last decade have been created in Texas. Why do you think that is?”
 
Replied Solis, “I haven’t done a lot of research in terms of the economic growth in Texas.”
 
It appears that Labor Secretary Solis had no interest in looking at how a state with 8 percent of the nation’s population had created nearly half of the nation’s new jobs over the past 10 years.

Click here to read the entire article.

Professor Ralph R. Reiland (photo)

 

 

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