Texas Enterprise Fund
The case for Perry’s venture capitalismThere’s a big difference between the Texas and statist approaches - There has been a lot of debate about Gov. Rick Perry’s economic development funds. The criticism centers on the idea that the Texan’s funds create a “Solyndra problem” for him, that by investing in businesses that bring jobs to the state, Mr. Perry has the same job-creation approach President Obama displayed in backing federal loans to a solar-energy firm.
Equating the two men in this way provides a convenient symmetry, but it’s also a false comparison that misses why many free marketers are comfortable with Gov. Perry even while critical of Solyndra.”……
Perry Wins IPad and IPhone Vote (We CAN take on China and win!)…….”While the rest of the country has been suffering from Obama-itis (too much government regulations and power hungry unionism), Texas has been trying to make itself attractive to business (by limiting regulations, empowering free work rules, limiting frivolous lawsuits, educating ALL its people, limiting taxes) Which brings me back to the IPad and IPhone. As many of you know (well, at least the tech-knowledgeable among us), the brains of the IPAD and IPhone is the A5 chip. These chips are now made in Texas in a new $3.6 Billion facility. How big is this new facility? Well, to put it in terms any Texan would understand: Nine football fields. This is a major facility:
The A5 chip inside Apple’s iPad 2 and iPhone 4S is now being produced stateside (In Texas), according to Reuters. Sources familiar with Apple’s production details told the news organization that Samsung Electronics is now handling production of the A5 in Austin, Texas. Among manufactured products, the state’s leading export category is chemical manufactures, which accounted for $38.4 billion (20 percent) of Texas’ total merchandise exports in 2008. Other top 2008 manufactured exports were computers and electronic products ($35.2 billion), machinery manufactures ($27.3 billion), and petroleum and coal products ($25.3 billion).”…….