http://trailblazersblog.dallasnews.com/archives/2011/08/perry-criticizes-washington-sa.htmlGov. Rick Perry can't cheer about the nation's economic jitters, but they sure offer him chances to tout Texas as another, "bottom up" source of wisdom on the economy. Appearing Wednesday before state legislators gathered in San Antonio , Perry blasted President Barack Obama's stimulus package as a failure. He called it "top down" and denounced those who preach the economic philosophy of John Maynard Keynes , who has influenced presidents from Franklin D. Roosevelt to Obama on the timing of cuts and increases in government spending.
"The fact is, government doesn't create jobs," Perry said in a 20 minute speech to about 1,300 people at the National Conference of State Legislatures.
"Simply put, our country's in trouble," the Republican governor said. "Our fiscal house is built on shifting sands. The federal government has tried to spend our way out of this economic spiral, which has only deepened the crisis and deepened our debt. Until Washington figures out that the only true stimulus is more money in the hands of employers across all economic sectors as well as a restrained bureaucracy that's no longer reaching into the workplaces, our national nightmare will continue."
Perry, who was interrupted by applause about a half dozen times, gave his first extended remarks about Friday's downgrade of U.S. long-term debt by the rating agency Standard & Poor's . While the stock market this week has plunged, rallied and then lost ground, the governor hedged on whether there will be a double dip recession or a continued weak recovery.
"The economic turmoil in the past few weeks is weighing pretty hard on everyone, but regardless of which way the economic tides may turn ... our philosophy here in Texas is going to put us in a much better position than almost any other state," he said, shifting into a familiar spiel about Texas' record of job creation and state spending cuts.
"Texas practices the fiscal discipline that Washington can't even bring itself to preach. Current events are indicating which approach is the better one," he said, contrasting Texas' lawsuit reform and "regulatory predictability" with what he said is the federal government's overreaching and spendthrift ways.