“Is Rick Perry, the governor of Texas, a credible presidential candidate? His opponents plainly think so (…) Mr. Perry will fight on jobs. His campaign flaunts a startling statistic: that 40% of the new net jobs created in America since June 2009 are in Texas. In an August report, the Federal Reserve Bank of Dallas actually put it a bit higher. Texas, said the bank, created 261,700 jobs between June 2009 and June 2011; America’s net jobs gain was 524,000. Those figures give Texas 49,9% of the nation’s net job creation (…) The much vaunted Texas miracle cannot be easily replicated. Oil and gas are important to the Texas economy, though by no means dominant. The Dallas Fed reckons that a 10% rise in the price of oil adds about half a percentage point to the state’s GDP. Since June 2010, according to the Texas Petroleum Institute, the oil and gas industry has added about 28,000 jobs (…) Mr. Perry recites a four point recipe for economic stewardship: low taxes, fair and predictable regulation, tort reform and don’t spend all the money”. na Economist de 20/08 (página 34, “Reading the record”).