RECON - TEXAS' 'WHOLE WHEAT' ECONOMY

Add “baked goods” to the list of colorful analogies used to compare Texas’ relatively strong economy to that of the United States. That’s what State Comptroller Susan Combs did at yesterday’s 2012 Forecast Conference in Houston.

“The U.S. has what has been referred to as a ‘Twinkie economy,’” she said. “There are no natural ingredients. [Texas is] whole wheat, if you want to take a look at us versus the U.S. economy.”

Combs was speaking to a crowd of more than 400 business leaders, developers and students at the half-day event, which was presented by Urban Land Institute Houston and the Real Estate Center.

“We are now, as an economy, more diverse than either of our neighbors Canada or Mexico,” Combs said. “Our GDP, per capita, since 2001, [has] been larger than the U.S. every single year.”

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