Texas Has a Winning Economy

From AP-  The Lone Star State has been named as the nation's  second-largest economy during the past decade.

Texas knocked New York out of the running and is making a charge against California with a big shift in its economy.

In a recent study,  Texas made one of the biggest increases in size in a half-century, surpassing $1 trillion in annual economic output.

New figures show the state gained nearly a full percentage point in its share of the U.S. economy during the decade, reaching 8.3% in 2010.

The economic growth in Texas that's being heralded by Gov.  Rick Perry, who may be using it as his platform in a presidential bid has been matched only twice in the past 50 years.

California enjoyed such economic growth in the 1980s and Texas did during the 1970s oil boom.