Lets do a quick review of the Perry's record as Governor; the one he has already set about to distort. First, the folks at The American Dream, hardly a far-left bastion, offer 14 reasons why Perry would be a "really really bad President." Among them: Texas has the highest percentage of workers at the minimum wage of all 50 states. The site's main complaint is that Perry has raised taxes even while the state has increased its debt and failed to address unemployment, poverty, and poor educational achievement. The takeaway is that most Republicans are going to hesitate when they see his record.
Jason Cherkis writes that the "Texas Miracle" includes low-wage jobs, crowded homeless shelters, and budget shortfalls. Joshua Holland echoes this sentiment, warning us to get ready for a "boat-load of spin" as Perry's campaign strategy will be to distort his "abysmal economic record."
Finally, Paul Krugman notes a beggar-thy-neighbor element to Texas economic policy. Offering an appealing mix of jobs, low taxes, low wages, and cheap housing will attract both corporations and desperate workers. As Krugman puts it:
We are only in the middle of 2011; the election is not until next year, ferchristsake. We'll be seeing Perry strut and swagger from here on out. He is a combination (as in the worst) of Michelle Bachmann and Mitt Romney.What Texas shows is that a state offering cheap labor and, less important, weak regulation can attract jobs from other states. I believe that the appropriate response to this insight is “Well, duh.” The point is that arguing from this experience that depressing wages and dismantling regulation in America as a whole would create more jobs — which is, whatever Mr. Perry may say, what Perrynomics amounts to in practice — involves a fallacy of composition: every state can’t lure jobs away from every other state.
Let the pushback begin.