Tuesday, February 5, 2013

Texas v California

The governors of each state have been taking potshots at the other.

Rick Perry has been featured in radio ads enticing California business owners to move on over:
Texas Gov. Rick Perry wants Californians tired with the Golden State’s business model to know that they can always “come check out” his home state if they want “lower taxes, sensible regulations and a fair legal system.”
Jerry Brown has been critical of the number of Texans' that work at or below the minimum wage and the level of money spent on education and innovative businesses:
Texas has five times more people. They have about ten percent or eleven percent of their population working at either below or at the minimum wage. That devastates families. In California, it's below two percent. So you have to look... Our debt for students coming out of our universities is lower than most of the states. And I would eventually say lower than Texas. So, look, there are times in a decade when one state does better than another. But if you look at the totality -- looking backwards, looking forward -- California has challenges. But we are well positioned to maintain and enhance our role as an innovator for the United States and for the world. By the way, we get fifty percent of the venture capital investment -- the money that goes to the most innovative businesses. So, on that measure, we do a lot better. But Texas has... They're doing well in manufacturing, they're doing well in investing in wind. Maybe they have a lower debt. Maybe their debt is too low. Maybe they should be investing in the kinds of innovation and technology that will serve their citizens in the future.