« Social Security Reform Thursday: Part 77 -- How Would Personal Accounts Have Fared Had Reform Succeeded Years Ago? | WILLisms.com | Trivia Tidbit of the Day: Part 534 -- Socialized Medicine. »

Trivia Tidbit of the Day: Part 533 -- Exports & Texas' Economy.

American Exports Struggled Last Year; Texas' Exports Increased-

America's trade deficit is down. That's-- to some-- the good news.

The bad news is-- due to the global economic crunch and a surge of protectionism in the U.S. Congress-- that all trade is down, both in and out:

From December 2007 to December 2008, imports decreased 14.7%, and exports were down 8.4%.

"Meanwhile, back at the ranch..."

In Texas, exports increased more than 14 percent over the last year, totaling $192.14 billion, roughly 24 billion dollars more than 2007.

There is little doubt that the tentacles of the national/global recession have reached Texas in the past month or so, but let the record show that Texas held off the recession through 2008 and was the only state in the country to add a decent number of jobs last year. There are some very real reasons for that.

The WILLisms.com archives are full of posts explaining the reasons that some states' economies fail and some succeed. Generally speaking, the key to economic success is economic liberty.

Previous Trivia Tidbit: Visual: Biggest Leftward Lurch Since The 1960s.

Posted by Will Franklin · 13 February 2009 09:40 AM

Comments

Posted by: ZsaZsa at February 16, 2009 09:39 AM