Rick PerryÂ’s entry into the presidential race draws natural attention to the Texas economy. While Perry was governor, Texas created more than three of every ten new jobs in the entire country. And even though a decline in energy prices has slowed things a bit, over the last four years Texas was the third among the 50 states in job creation. Perry and others credit low taxes and sensible regulation for TexasÂ’ economic success. The Wall Street Journal editorial board agrees. Last week they wrote: The Tax Foundation ranks TexasÂ’s business climate tenth best, and the stateÂ’s growth spurt vindicates...