REDNews Commercial Real Estate Blog

I attended the Houston Realty Business Coalition (HRBC) breakfast meeting today where Attorney General Greg Abbott was the featured speaker.

Below are some of his key points.


The items that have been on the front burner for the past few months all deal with multi state and federal issues.

1) BP oil spill. “Damage will be extreme and take years to fix”. There is the possibility that it will take 2 more months to cap the leak and the Attorney Generals job is to insure that BP pays for the damage not Texas taxpayers.

2) Ruling by EPA on CO2 Carbon Dioxide emissions will affect Houston more than any other major city. It will cost taxpayers in excess of $1 Trillion and lost jobs. Texas filed a lawsuit in March and now 20 other states have joined in to reverse the EPA ruling and put that power back into the hands of congress.

3) Texas will challenge the Health Care Bill as violating the Commerce laws and the 10th amendment. If congress can get away with forcing taxpayers to buy health insurance will the next step be: Buy an electric car from GM?

Attorney General Gregg Abbott and Brad Fricks with Stream Realty

Dave Gilkeson with Westchasee District and Kiki Dixson with Dixson Realty

Jim Carney
REDNews
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