Tuesday, June 7, 2011

It's The Economy Stupid: Dallas Fed's Richard Fisher

Dallas Federal Reserve Bank President Richard Fisher:

 

38% of all the jobs created in the United States since 2008 were created in the Dallas Fed district.  That’s Texas, parts of New Mexico and parts of Louisiana. 

 

Yes, that’s right, 38% of all jobs created in the recovery.

 

Fisher specifically mentioned two points.  First, Texas has no personal income tax, and second, Texas enacted tort reform.  He also pointed out that Texas has a long record of entrepreneurship; reasonable, stable corporate tax structure; a reasonable, stable state regulatory structure; a legislature that only meets once every 2 years; and a relatively better real estate market.

 

John Broussard

Assistant State Treasurer

Chief Investment Officer

State of Louisiana

Department of the Treasury

 

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