6/28/11

Texas wins in U.S. economy shift

Texas is now the nation's second-largest economy, displacing New York and challenging California, according to USAToday.com. With over $1 trillion in annual economic output, Texas contributed 8.3% to the total U.S. economy during the first decade. This phenomenal growth has been matched only twice in the past 50 years — once by Texas during the 1970s oil boom. The economic winners are states that focus on raw materials, government and serving senior citizens.