According to the Bureau of Labor Statistics, 214,000 net new jobs were created in the United States from August 2009 to August 2010. Texas created 119,000 jobs during the same period. If every state in the country had performed as well, we'd have created about 1.5 million jobs nationally during the past year, and maybe "stimulus" wouldn't be such a dirty word.
What does Austin know that Washington doesn't? At its simplest: Don't overtax and -spend, keep regulations to a minimum, avoid letting unions and trial lawyers run riot, and display an enormous neon sign saying, "Open for Business."
They kept taxes low by keeping their spending back at what they had in 1987. What is interesting is that they have oil wealth but they also have some of the biggest high tech companies in the world domiciled there. I mean Texas Instruments, Dell, AT&T and Freescale Semiconductor are all based in Texas.
Imagine if Obama was able to sow the seeds for a few 100 mores Dell's with their 94,000 employees or Texas Instruments with their 26,584 to flourish in America. I'm not sure how he would do it but talking about airy "Green Energy jobs" (that the Chinese already has a substantial lead on us) while at the same time attacking businessmen as "fat cats" is not going to get the job done.