How Long Before Texas Is the Largest State?

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Unleash Prosperity Hotline
Issue #1092
08/29/2024
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1) How Long Before Texas Is the Largest State?
Our ace demographer at Unleash Prosperity, Wendell Cox, notes that in the last three years, Texas has added 600,000 net domestic migrants. Texas is now the second- largest state by a considerable margin.

According to Cox's latest analysis: "The latest migration data show that in just three years since the 2020 Census reduced California's population advantage by 1.9 million (from 10,400,000 in the 2020 census to 8,500,000).

The state government, Texas Demographic Center ([link removed]) , forecasts that Texas will achieve a population of 41.6 million by 2050, which is more than 1,000,000 above the official California projection. By 2060, the Texas advantage would rise to nearly 5,000,000.

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2) Amazing What Government Can Do with $300 Billion of Taxpayer Money

The Biden Administration has helpfully confirmed what we've been shouting from the rafters for more than a year: an economically unhealthy number of the new jobs created since the lockdown are the result, directly or indirectly, of government spending and hiring.

(If the feds would give Unleash Prosperity $1 billion, we guarantee you we could create hundreds of jobs!)

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It's straight from the economics texts. Frederic Bastiat – one of our favorite economists – famously observed it 175 years ago when he wrote: "That Which Is Seen, and That Which Is Not Seen ([link removed]) ."

In the sphere of economics an action, a habit, an institution or a law engenders not just one effect but a series of effects. Of these effects only the first is immediate; it is revealed simultaneously with its cause, it is seen. The others merely occur successively, they are not seen; we are lucky if we foresee them.

The entire difference between a bad and a good Economist is apparent here. A bad one relies on the visible effect while the good one takes account both of the effect one can see and of those one must foresee.

Why can't these economic pinheads in the Biden Administration understand that the money they extract from families and businesses probably would have created multiple times more jobs and economic development, if they hadn't diverted all this money on windmills?

Before spending tens of billions of tax dollars on "green energy" projects, America got 80% of our energy from fossil fuels. Now, after all that spending, we still get 80% of our energy from fossil fuels. A bad investment is much worse than no investment at all.

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3) What CNN Should Ask Tonight

Kamala Harris comes out of hiding tonight for a joint interview with Tim Walz. We suspect that he will be there in case she stumbles or misremembers her latest positions

Dick Polman, a former Philadelphia Inquirer reporter who's covered five presidential campaigns, praised Harris last week for being "smart enough" to know that, at this stage, "she doesn't need to fence with the Fourth Estate. Seriously, why should she?" After all, he explained ([link removed]) , "Her answers on policy will inevitably be sliced and diced and endlessly parsed on page one."

But she can't bob and weave for the next two months. So tonight, we hope CNN asks Harris about the positions she took at that network just four years ago during her presidential run. At that time, she:
* Supported a total ban on fracking.
* Supported a mandatory transition to electric vehicles.
* Supported an end to fossil fuels.
* Supported government coercion to reduce red meat consumption.
* Supported a federal ban on plastic straws.
* Supported ending private health insurance.
* Supported a "conversation" on letting people in prison vote.
* Supported taxpayer-funded healthcare for illegal aliens.
* Opposed a border wall.

C'mon Kamala. Inquiring minds want to know where you stand before your position changes again.

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4) Federal Judge Orders Potential Shutdown of Gulf of Mexico Oil and Gas Production to Save the Whales

A pending economic disaster went mostly unnoticed last week when a federal judge in Maryland (of all places) ruled in favor of green groups that are demanding all oil and gas production in the Gulf of Mexico be shut down, unless the Biden administration adopts new protections for whales and sturgeon by December 20.

Reuters celebrated with a picture of a fish in an oil spill:

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The oil industry issued a frank statement ([link removed]) :

The disruptive consequences to the Gulf of Mexico states and US economy cannot be understated if the federal agencies fail to timely issue a new biological opinion. A timely completion of the revised biological opinion should be their highest priority. Any disruptions would not only impact the hundreds of thousands of energy workers in the region, but could increase energy insecurity by jeopardizing a significant amount of oil production coming from the Gulf of Mexico, nearly 15% of the U.S. total.

December 20 comes after the election - but notices of potential mass layoffs could make this a big political problem before then.

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5) Who Is the Real Threat to Democracy?
Kamala Harris – like Joe Biden before her – constantly warns that Donald Trump "is a threat to our democracy."

Tell that to the Biden-Harris operatives who have done everything this year, from opposing voter ID laws to knocking primary and general election opponents off ballots to planting spies in RFK Jr.'s campaign.

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6) Socialism With a Smile

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