In an effort to reduce frivolous lawsuits, Texas lawmakers have passed a bill that would require a losing litigant to pay the winner's attorney's fees and court costs if judge rules the lawsuit was without merit.
Not only does this potentially reduce crowded court dockets, it also removes the burden of frivolous court costs on business owners, allowing them to focus on business pursuits.
Legislation such as this makes Texas what The Wall Street Journal is calling the "best state for job creation," with about 250,000 new jobs in 2010. Texas' deregulation, low taxes and favorable business laws have a laissez-faire flavor that has allowed the state's economy to push forward, even as the rest of the nation, especially the Northeast, continues to lag behind.
The Lone Star State's nurturing business climate is reflected in the startling results of the 2010 national Census: With the help of migration from other states, Texas gained four congressional seats, while the former industrial giants of the North, such as New York, lost seats.
Generally speaking, Census trends showed movement out of heavily regulated states to business-friendly states. In other words, the states with more jobs have more people flocking to them, and the states with pro-business laws have more jobs.
Even more interesting: The states with the biggest population gains were generally conservative, right-to-work states, such as Texas, Georgia and South Carolina, which all gained seats in the U.S. House as a result. Coincidence? Unlikely.
The population and results have spoken. Pro-business laws are succeeding in Texas, so why shouldn't they succeed everywhere else? What the economy needs is a good dose of laissez-faire , Texas style.
If President Obama is looking for ways to grow jobs and the economy, he need look no further than Texas.