Forbes lists the ten cities best-poised for economic recovery. In general, they’re the ones that haven’t suffered much. Austin, Texas is number one. Austin’s unemployment rate is 5.8%, it’s growing, and, despite job losses at Dell and other high-tech firms, it would be hard to tell from here that there’s a recession going on.
Three other Texas cities are on the best-ten list: San Antonio, Dallas, and McAllen. Eight of the cities on the ten-worst list are in Michigan and California. (The others are New York and Youngstown.)
Now, why are Michigan and California suffering so severely, while Texas is doing so well? And why is the Obama administration trying to adopt the policies that got Michigfan and California into trouble?