From Boom and Bust to Boom and Stability [VIDEO] [1]
I interviewed Patrick Jankowski, Chief Economist for the Greater Houston Partnership (GHP) [10] after a recent AGC Outlook Breakfast in which Jankowski labeled the current cycle as the “New Normal.” [11] 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.