Rick Perry, the Only GOP Candidate Who Appreciates Tech and Job Growth

Rick Perry, the Only GOP Candidate Who Appreciates Tech and Job Growth

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Iowa’s straw poll last Saturday separated the leaders from the rest of the pack as Representative Michele Bachmann, Republican of Minnesota, won the Iowa straw poll. Representative Ron Paul, prominent libertarian and Republican of Texas, took a close second. Former Republican governor of Minnesota, Tim Pawlenty, took a distant third place spot and, as expected, withdrew his bid for the Republican nomination.

Texas Republican governor Richard “Rick” Perry also announced that day that he was throwing in his ten-gallon West Texas hat for the GOP nomination, formally ending speculation that he would be running for president.

In this age of social media and broadband, what was interesting about Mr. Perry’s announcement was the low tech atmosphere within which it was made. Mr. Perry made his announcement by reading, admittedly with passion, from sheets of paper. It was ironic in some ways being that Mr. Perry has shown a greater appreciation for technology’s potential role in the nation’s economic improvement as opposed to Mrs. Bachmann or the other declared front-running candidate, Willard “Mitt” Romney, former Republican governor of Massachusetts.

For example, Mr. Perry, in his announcement, noted the role that innovative technology can play in the growth of the economy. This pronouncement does not appear to be something that Mr. Perry made up on the fly. Mr. Perry lobbied the Texas legislature to start a fund that would provide assistance to technology start ups. The Legislature obliged him in 2005 when it authorized the Emerging Technology Fund. According to the governor’s office, the Fund helps early stage technology companies grow their ideas from the laboratory into the market place.

On the other hand, technology does not appear to play a role in Mrs. Bachmann economic plans. None of the seven bills she has sponsored since her congressional tenure began in 2007 speaks to the use or support of technology. Nor have any of the additional 96 bills co-sponsored by Mrs. Bachmann addressed investment in broadband or other technologies.

A review of Mitt Romney’s website also found no hint that technology was on the top of his agenda, at least at this stage of the campaign season.

The GOP may be missing an opportunity with their oversight. For example, according to data from the Bureau of Economic Analysis, gross private domestic investment, that portion of gross domestic product produced and consumed by the private sector, increased 13.6% as a proportion of GDP between the first quarter of 2009 and the second quarter of 2010.

Over the same period, as a proportion of GDP, consumer spending fell almost one percent, while federal, state, and local government spending fell 4.5%. The driver of the economy since the recession of 2007 officially ended has been the private sector, yet the candidates have been ignoring further investment in what has been keeping the nation afloat, preferring to base their economic plans on tax cuts.

As a side bar, should Mr. Perry include in his campaign an informed and persuasive treatment of America’s imbalance in imports and exports, he may indeed pull ahead of Mr. Romney as the clear front runner. The United States has been importing more goods and services versus exporting. In the first quarter of 2009, exports were -$404 billion. This imbalance grew by .3% to -$407 billion at the end of second quarter 2011.

In a political environment where job creation is the number one issue, Republican candidates may not be overlooking the issues of broadband, technology, and exports for too much longer.

5 COMMENTS

  1. Sorry I am not buying it!

    Rick Perry is an opportunist and will flip on a topic because he needs or see gain!

    Rick Perry is a RINO ex AL Gore man and I do not TRUST him

    Vote for the other Texan that has never Flipped on any major issue!

    Vote for the guy that was 20 years ahead of the slow foot RIck Perry with regard to the FED!!

    Vote Ron Paul

  2. It's interesting to read about this side of Rick Perry. I'm still not a huge fan, but advancing technology and innovation means a lot to me, so this is definitely noted for the future of the 2012 campaign.

  3. study just came out curent Military support Ron Paul 3 to 1. Wonder if the media will cover this up – again? This article here is one of the first I read that even mention Paul was 2nd in the straw poll. The Democrat and Republicans (especially) have tried to cover up his message – especially that of the military stance and the Constitution. The Hannitites, Rush followers, etc had/have tried to sideline Paul. They have done a good job, but the TEA party shows they cannot snuff his message. (of course now Rush try's to climb on as if he had something to do with it) – I again will vote Ron Paul

  4. "The driver of the economy since the recession of 2007 officially ended has been the private sector…"

    That statement is factually incorrect.

    Gov. Perry's stewardship of Texas suggests he appreciates job growth in the public sector more than his rhetoric says.

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