I interviewed Patrick Jankowski, Chief Economist for the Greater Houston Partnership (GHP) after a recent AGC Outlook Breakfast in which Jankowski labeled the current cycle as the “New Normal.” He stated that this cycle is different in that the past cycles have rocketed from Boom to Bust and back again; however, this time is a new cycle where the boom goes to long term stability. He told us that a job creation rate of 70,000 or so per year would indeed keep the Houston-Galveston economy growing faster than most other metro areas in the United States.
I asked about some of the big issues that the GHP, the region’s largest business organization, was studying. Those issues include transportation, education and healthcare. He had an interesting response when I asked about the possibility of raising the gasoline tax.
You can hear his responses in the 2-minute video below.
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