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Obama policies copy moribund California, not Texas
Posted By -NO AUTHOR- On 11/23/2012 @ 11:52 pm In Money,Politics,U.S. | No Comments
(Investors Business Daily) Anyone who thinks that President Obama’s economic policies will spur strong growth should consider U-Haul rates between California and Texas.
Renting a 20-foot truck one-way from San Francisco to San Antonio, for example, will cost $1,693. But the U-Haul tab to go in the opposite direction is just $983.
To University of Michigan economist Mark Perry, who has tracked this “U-Haul Index,” the difference in these rental rates is the result of straightforward supply and demand.
Put simply, far more people want to leave California for Texas than vice versa.
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