Business-friendly environment is key
Fear of another recession is mounting as stocks fall for a second consecutive day after President Obama's re-election.
While Mitt Romney pitched tax breaks to grow the economy, President Obama harped on more stimulus.
KTRH business expert Dennis Adams says there is room for both, but it starts with a business-friendly environment.
"That in turn puts money into the pockets of their workers who spend it on everything from sending their kids to school, to buying a new television," says the University of Houston business professor. "If businesses aren't making money, then there won't be any money to give to public sector employees."
Economist Ray Perryman says either way, the future looks good for Houston.
"Energy is getting a lot of attention right now, there's a lot of new technology developing there, a lot of growth there," says Perryman. "I think you'll see the health sector continue to be a major contributor for growth."
Another key indicator will be international trade, something the port of Houston relies on heavily.
Both say it's up to Congress whether we chug forward or teeter back into a recession.
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