Debunking the 'Texas Miracle.'

Public spending helped, not hurt, Texas job creation

Rick Perry's war against government suffers from funny math. The Texas governor and GOP presidential candidate claims his hands-off approach to job growth--scant regulation, low taxes and close business ties--is the secret behind the "Texas miracle." Texas has created nearly as many jobs during Perry's decade-long tenure as the rest of the country has lost. But while tax credits have lured more business into the country's second largest state, the bulk of job growth has been in government, which upped hiring--off the back of an energy-sector boom and with help from the federal dole--even as other states cut workers. Now, looming...

Want the full story?

Subscribe Now

Subscribe
Subscribe

Get TIME the way you want it

  • One Week Digital Pass — $4.99
  • Monthly Pay-As-You-Go DIGITAL ACCESS$2.99
  • One Year ALL ACCESSJust $30!   Best Deal!
    Print Magazine + Digital Edition + Subscriber-only Content on TIME.com

Learn more about the benefits of being a TIME subscriber

If you are already a subscriber sign up — registration is free!