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  Texas Two-Step
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ContributorArmyDem 
Last EditedArmyDem  Nov 09, 2010 12:56am
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News DateSunday, November 7, 2010 06:00:00 AM UTC0:0
DescriptionPaul Krugman
November 7, 2010, 3:26 pm

Hmm. Do you remember how Texas showed that conservative policies work — it was weathering the slump just fine, it had a balanced budget, and so on?

Oops: Legislature likely to cut deep to meet possible $25 billion budget gap.

I’d also add that the Texas economy has not, in fact, performed all that well. Here’s a comparison of the second and third most populous states:



What is true is that Texas was spared the worst of the housing crisis — thanks to unusually strict regulation.

But will anyone change their line? No, sir. This is the West, sir. When the legend becomes fact, print the legend.
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