Dalls Fed Reserve Chair Praises Perry

FIsher, a Democrat, said the following praises of Perry's job performance in Texas.............

Richard W. Fisher, Federal Reserve Bank of Dallas president, waded into the intensifying national debate on Texas job creation Wednesday, praising the state’s recent growth record and saying Texas is doing more than just adding low-wage positions.

Since the U.S. recession ended in June 2009, Fisher said, three major employment categories have accounted for the bulk of jobs added in Texas: education and health services; professional and business services; and mining and logging, which includes oil and gas extraction.

While the average weekly wage in the first category is $790, less than the state average of $903, the average weekly wages in the latter two categories are higher than average, he said.

“These jobs are not low-paying jobs,” Fisher said in a speech in Midland.

Fisher also explained his dissenting vote at last week’s Fed meeting. He and two other regional Fed presidents opposed a statement supported by Chairman Ben Bernanke that economic conditions were likely to warrant exceptionally low interest rates “at least through mid-2013.” The three dissenters preferred wording from earlier Fed statements that low rates would be needed “for an extended period.”

Fisher said he was not concerned with immediate inflationary pressures, and he was worried about “the fragility of the U.S. economy and weak job creation.” The reason he dissented, he said, was that he didn’t think easier monetary policy would prompt more job gains.

For job creation to accelerate, he said, companies large and small need greater clarity on tax and regulatory costs.

“In an environment where they are already uncertain of potential growth in demand for their goods and services and have yet to see a significant pickup in top-line revenue, there is palpable angst surrounding the cost of doing business,” Fisher said.

According to his business contacts, the recent debt ceiling negotiations in Congress “compounded this uncertainty, leaving business decision-makers frozen in their tracks,” he said.

He added that “fiscal misfeasance in Washington” was restraining the economy.

Mike Konczal, a fellow at the Roosevelt Institute, a think tank in New York, said the larger problem for most companies is weak demand.
“If you go and ask businesses what is holding them back, it is not regulation, it is not the workforce,” Konczal said. “It’s poor sales.”

In an oblique reference in his Midland speech, Fisher also appeared to take a swipe at Princeton University economist Paul Krugman, a Nobel Prize winner in economics and liberal columnist for The New York Times.

In a column Monday headlined “The Texas Unmiracle,” Krugman said Texas job gains offered no useful lessons on restoring national full employment, given the state’s reliance on cheap labor, weak regulation and high population growth, as well as oil and gas activity. Krugman noted that Texas Gov. Rick Perry is touting the state’s job growth in his bid for the Republican presidential nomination.

Fisher, a veteran of the Carter and Clinton administrations, acknowledged that in 2010, 9.5 percent of Texas’ hourly workers earned the federal minimum wage or less. The state is tied with Mississippi for the highest percentage in the nation.

But he said much of the state’s recent job gains had come in relatively well-paid sectors.

“The Dallas Fed will henceforth be providing monthly updates on employment in Texas through our website,” he said. “We hope it will be a useful tool for everyone, ranging from columnists who write for The New York Times to the pundits who provide commentary for Fox News, as well as serious economists.”
anaximander's Avatar
The nerve of these USquislings is almost
unbearable. On one hand they try to infer
that the majority of jobs created here were
low paying mc jobs. Yet it was only a few
months ago that the obamanistas were
lauding el presidente for Mc Donalds
hiring 50,000 employees.
Never mind that on the face of it, the very
fact that so many private sector jobs were
created: created to serve who?
Unemployed lunks aren't the ones being served.

I would be embarassed to even try to defend
the joke of a president that is sheik hussien obama.

Mind these words
George Walker Bush will be remembered by history
with the likes of Reagan, Ike, Lincoln, Roosevelt
Sheik hussein obama will be one rung below carter.
That is what will come to pass,
bray and bleat all you wish.
I know how this one ends.
wellendowed1911's Avatar
Here are some notable critics of Perry: http://www.washingtonpost.com/blogs/...s=answer-sheet

Here's one from a TEA party member: http://www.huffingtonpost.com/2011/0..._n_924831.html

http://caucuses.desmoinesregister.co...hanol-mandate/


http://www.kens5.com/news/local/Perr...126453108.html

Karl Rove and other members of the Bush administration views on Perry: http://www.politico.com/news/stories/0811/61486.html

http://www.sfgate.com/cgi-bin/blogs/...entry_id=95532

Perry as a Democrat supporting Global warming: http://www.sfgate.com/cgi-bin/blogs/...entry_id=95532


http://www.tnr.com/article/politics/...as-budget-2012


If you guys ever run into Perry- ask him how Texas measures up in the education department(public and higher learning) against other states.


Also, ask him how he balanced the budget?

Ask him with what funds he used.

Ask him why he was against the stimulus bill but had no problem taking the money to create jobs and to balance his budget.


Perry has no chance of beating Obama- so keep on praising him whirly!!!!!
Oh keep in mind that around this time last election guess what GOP candidate was ahead of the field and touted as being the successor to Bush???? It was Rudy G- and we see where his campaign went after he got exposed.
Would have been nice to ask Obama the same questions when he was a candidate and before he got elected and royally fucked our already fucked up economy !

But Obama didn't have a record; heck, he voted "present" more times than any other sitting Senator. He never sponsered a single piece of legislation while in office.

And the MSM had such a "tingle" for Obama that they wouldn't ask him serious questions......they couldn't ask him about his political records because he didn't have one.

At least Perry has a record you can critique !
True......one day in Iraq, schools, public squares, university chairs, and the like will be named in honor of Bush (and Americans) who gave them liberty and democracy.....

Mind these words
George Walker Bush will be remembered by history
with the likes of Reagan, Ike, Lincoln, Roosevelt
Sheik hussein obama will be one rung below carter.
That is what will come to pass,
bray and bleat all you wish.
I know how this one ends. Originally Posted by anaximander
wellendowed1911's Avatar
Would have been nice to ask Obama the same questions when he was a candidate and before he got elected and royally fucked our already fucked up economy !

But Obama didn't have a record; heck, he voted "present" more times than any other sitting Senator. He never sponsered a single piece of legislation while in office.

And the MSM had such a "tingle" for Obama that they wouldn't ask him serious questions......they couldn't ask him about his political records because he didn't have one.

At least Perry has a record you can critique ! Originally Posted by Whirlaway
This was raised during the Obama/McCain debate so you may google it to find Obama responses.
In terms of legislation- you are either dumb, ignorant, A Liar or all the above: first things first Whirly-you need to know how the Senate is constructed. The congress and senate are based on the seniority of each member and by party affiliation of each member.

As a junior senator, Obama he didn't have a chance to sponsor any legislation. He was able to 'sign on' to sponsored legislation.

For the past two years, the Democratic Party majorities in each house were so narrow that the only thing that the Democrats could control was the committee chairmanships. The didn't have veto proof majority in the senate and the narrow majorities made it impossible for the congressional Democrats to take any actions that would undo the mess that the Republicans had made for 6 years.

Barack has Written a total of 890 Bills and Co-sponsored Another 1096 since he started serving in the U.S. Senate.:

Amendments, that have all passed:

S.Amdt.159 to S.Con.Res.18 - To prevent and, if necessary, respond to an international outbreak of the avian flu.

S.Amdt.390 to H.R.1268 - To provide meal and telephone benefits for members of the Armed Forces who are recuperating from injuries incurred on active duty in Operation Iraqi Freedom or Operation Enduring Freedom.

S.Amdt.670 to H.R.3 - To provide for Flexible Fuel Vehicle (FFV) refueling capability at new and existing refueling station facilities to promote energy security and reduction of greenhouse gas emissions.

S.Amdt.808 to H.R.6 - To establish a program to develop Fischer-Tropsch transportation fuels from Illinois basin coal.

S.Amdt.851 to H.R.6 - To require the Secretary to establish a Joint Flexible Fuel/Hybrid Vehicle Commercialization Initiative, and for other purposes.

S.Amdt.1362 to S.1042 - To require a report on the Department of Defense Composite Health Care System II.

S.Amdt.1453 to S.1402 - To ensure the protection of military and civilian personnel in the Department of Defense from an influenza pandemic, including an avian influenza pandemic.

S.Amdt.2301 to H.R.3010 - To increase funds to the Thurgood Marshall Legal Educational Opportunity Program and to the Office of Special Education Programs of the Department of Education for the purposes of expanding positive behavioral interventions and supports.

S.Amdt.2605 to S.2020 - Expressing the sense of the Senate that the Federal Emergency Management Agency should immediately address issues relating to no-bid contracting.

S.Amdt.2930 to S.2349 - To clarify that availability of legislation does not include nonbusiness days.
S.Amdt.3144 to S.Con.Res.83 - To provide a $40 million increase in FY 2007 for the Homeless Veterans Reintegration Program and to improve job services for hard-to-place veterans

S. Amdt 41 to S. 1 To require lobbyists to disclose the candidates, leadership PACs, or political parties for whom they collect or arrange contributions, and the aggregate amount of the contributions collected or arranged.
waverunner234's Avatar
Whirl, you are very much like the one most pathetic TV host I've seen in my life.

Sean Hannity.

How many years of his life has he wasted with little else to do then bashing Obama? At least 4, and another 5 to go. That's almost a quarter of his adult life wasted by the end of Obama's second term.
  • Laz
  • 08-31-2011, 07:05 PM
Barack has Written a total of 890 Bills and Co-sponsored Another 1096 since he started serving in the U.S. Senate.:


Would any of the bills he is supposed to have written have prevented the economic problems we are facing? Include it even if it would have just minimized the problem.
Ammendments ! That's a laugher !



Do you even know what it means to attach some wording (special interest) to a piece of complex legislation? It is non sense that you claim his successful statemanship by listing his ammendment contributions !

Writing an ammendment isn't authoring legislation. Your own post shows how un=important an amendment is...for ex. He authored amendment 1,453 to S.1402....that means he was one of many many many many Sentors who inserted his own "amendment" into S.1402....you prove my point...Obama is a slacker !


wellendowed1911's Avatar
Ammendments ! That's a laugher !



Do you even know what it means to attach some wording (special interest) to a piece of complex legislation? It is non sense that you claim his successful statemanship by listing his ammendment contributions !

Writing an ammendment isn't authoring legislation. Your own post shows how un=important an amendment is...for ex. He authored amendment 1,453 to S.1402....that means he was one of many many many many Sentors who inserted his own "amendment" into S.1402....you prove my point...Obama is a slacker !


Originally Posted by Whirlaway
You apparently do know how the system works- how much legislation has Scott Brown written? Junior Senators typically don't come in making mass changes or write huge legislations- yo act as if Obama were in the senate for 20 plus years- your own ignorance gets in the way of your mental process.
Obama has sponsored 136 bills -Two have become law. This figure does not include bills to which Obama contributed as cosponsor, such as the Coburn-Obama Federal Funding Accountability and Transparency Act of 2006 or the Lugar-Nunn Cooperative Proliferation Detection, Interdiction Assistance, and Conventional Threat Reduction Act of 2006. Nor does it include amendments to other bills, although in the Senate these are not required to be germane to the parent bill and can therefore effectively be bills in their own right. Obama has co-sponsored 619 bills during the same time period.



Name me one Junior Senator that has written tons of legislation??? I'll be waiting.
cptjohnstone's Avatar
CuteOldGuy's Avatar
Wasn't this about Perry? It is no secret he is the candidate of the bankers. And he will probably win the nomination and election. I am NOT in favor of this, I'm just sayin'.
Yes COC: but this is what the Obama zombies do...they can't argue the facts of the thread so they disrupt the topic to avoid the truth being told....btw, I don't think Perry is true conservative...I think he is a Chamber of Commerce Republican.

Wasn't this about Perry? It is no secret he is the candidate of the bankers. And he will probably win the nomination and election. I am NOT in favor of this, I'm just sayin'. Originally Posted by CuteOldGuy
surcher's Avatar
Yes COC: but this is what the Obama zombies do...they can't argue the facts of the thread so they disrupt the topic to avoid the truth being told.... Originally Posted by Whirlaway
Hey dumbass, you changed the subject in post #4, then found that Rush soundbite incorrect!
CPT Savajo's Avatar
The Dallas Federal Reserve Bank "Suit" in charge gave praise to Rick Perry, really! Here's what Perry had to say about Uncle Ben, http://www.youtube.com/watch?v=OEnOj...yer_detailpage Notice that Perry says don't print any money between now and the election! Oh but it will be alright to do it after the election! Gotcha Perry, read you loud and clear. Like Bernanke is taking orders from Perry, hah! Bought and paid for by the elitists, same thing for Obama.