Senator Cornyn on Texas Economic Strength

Senator John Cornyn and Representative Mac Thornberry are commending Wichita Falls leaders for their aggressive approach that has landed the city 10 new employers in a 10 month time span.
Both federal legislators were speaking at this morning's "Eggs and Issues" breakfast. It was put on by the Wichita Falls Chamber of Commerce and Industry. The city and its new businesses has become a beacon for North Texas and attracted national economic attention. We asked Senator Cornyn about the economy and specifically if Texas, which has fared better than many states, will be able to keep its head above water much longer.

"I think we can easily succumb," said Senator Cornyn, "or be dragged down in what's happening in Washington. For example if a 'Cap and Trade Bill' were to pass, Susan Combs the comptroller says we could experience 300,000 jobs lost between now and 2020. We know the moratorium on drilling in the gulf is having a ripple effect on jobs in Texas."

The Senator also went on to say that a moratorium on offshore drilling is continuing to assure our dependence on foreign oil which, he said, we cannot afford.