Economy Perryman: We're "leading the country in job creation." - KYTX CBS 19 Tyler Longview News Weather Sports

Economy Perryman: We're "leading the country in job creation."

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Lindale's own economist packed the house Thursday at Green Acres Baptist Church, praising the East Texas economy while criticizing the general money skills on Capitol Hill.

But despite all the turmoil in the nation's capital last year--and fear-mongering about the lasting effects of a shutdown--Dr. Ray Perryman said he sees no long term damage during his 30th annual State of the Economy address.

"Shutdowns don't actually have much of an effect," Perryman said. "Had we actually defaulted on the debt, that would have a huge effect. That would undermine the entire global financial system."

With the national economy on decent footing, Perryman said East Texas is soaring. And even though west and south Texas are outpacing us in oil and gas exploration, Perryman doesn't expect it to last thanks to the long term promise in the Haynesville natural gas shale.

"Once the Haynesville becomes feasible to go after that gas again, which is probably a few years, out, then you'll start seeing a tremendous amount of activity," he said.

Perryman also commended the pro-business environment our local and state governments have created.

"We worked on about seven or eight different projects last year that are going to bring over 750 new primary jobs to Tyler," Tyler Economic Development Council President Tom Mullins said.

Mullins said major wins like the arrival of Centene Corporation and the expansion of Distant Lands Coffee made 2013 a foundation to build on.

"Those are all companies that have multi-state or national markets," Mullins said. "They're going to bring new money into the economy."

But coming into the new year the one question lingering for most of us--no matter what sector we work in--is how Obamacare will change things. Perryman said for the program to work, it needs its own changes.

"We can actually end up with more people having more access to healthcare in a positive manner," Perryman said. "They also need to adjust some of the formulas to keep some of the cost under control."

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