Skip to comments.Study: Chris Christie's New Jersey Least Economically Solvent State in U.S.
Posted on 01/17/2014 6:57:22 AM PST by ZULU
More bad news for New Jersey Governor Chris Christie. As he tries to survive an explosive corruption scandal and stave off a federal audit on use of Hurricane Sandy funds, a new study ranks New Jersey the least economically solvent state in the nation.
(Excerpt) Read more at breitbart.com ...
New Jersey proves that a big public sector, high taxes & high spending does NOT lead to fast or sustainable economic growth or act as a buffer against economic downturns/private sector crashes...
New Jersey didn’t even have a big housing market crash like Arizona, or Nevada, Florida, etc—did.
No wonder the Dems liked him....until they saw his poll numbers were higher than Hillary’s. Then they had to kill him.
Like I’ve been saying, pile on this nitwit RINO.
It’s Corzine’s fault!!
I’m no fan of Christie but it’s not like he dug this hole all by himself and he has drawn attention to many of the problems. But yes, he is a RINO.
Well that settles it. He’s the most qualified gov. to run the country.
I doubt this study. I live in the People’s Democratik Republik of Illinoistan. This non-workers’ paradise is broker than broke.
Gov. “Mighty” Quinn of IL is disappointed not to win this one
Too many politicians in New Jersey come from highly urbanized areas with immense social service demands which nonetheless no longer generate any revenue.
Camden, Trenton, New Bruswick, Patterson, Passaic, - all once HOTBEDS of economic activity, business and manufacturing production (Colt made his first revolver in Patterson) are now for all intents and purposes, third world ecnomic backwaters ridden with crime, poverty and hopelessness. The hallmarks of an unending succession of corrupt Democrat administrations. These politicians lack any economic or business sense.
With the last governor, they got a slick Wall Street Stock seller and now they have a hamfisted Prosecutor of questionable personal stability. They need somebody who understands business, how to attract businesses and how to keep business and it all has to do with LOWER taxes and REDUCING the incredible burden of unnnecessary regulations.
Even the idiot in New York - Cuomo - realizes this. He has offered a ten year tax break for any new businesses in that state.
But the voting blocks that power the politics of that state are overwhelming poor, minority, entitled, ignorant, Democrat, and urban. They want what they want and can’t see the forest for the trees.
No. He inherited a mess but hasn’t done anything to improve the business climate. When he took over, he said he was empowering a committee to review the MOUNTAINS of state regualtions and come back with recommendations to ELIMINATE the unnecessary ones. These regulations STRANGLE free enterprize. Yet - NOTHING five years later - NADA.
Well, it depends on the econmic barometers being used. I’m sure Illinois is in bad shape - California, Massachusetts and Maryland also.
These states are all being strangled by the same thing - decaying urban centers which are net consumers of the gross state production, not producers and, like a cancer, these urban centers - Democrat controlled all - are expanding at the expense of the productive areas of the country.
How did Newark not show up in your list of NJ’s finest? What a mess.
Bingo! I hate that the public can't see that O and the Dems are using msm and gov't agencies for research for political opposition.
Who can fight those kinds of resources? We're going to have another primary season where they knock down our guys one by one.
I won’t disagree with you but this isn’t JUST Christie’s mess. This is how Democrats do business and Christie looks, acts, and thinks more like a Democrat than a Republican but the press is hanging this on a “Republican” and that’s just wrong. Even if it does keep him from being the nominee it still hurts our cause.
I left NJ 35 years ago, but visit often because of the family. It’s a different way to live when everything has to be negotiated (construction, repairs, cops, ...) Once I showed up with my TP bumper sticker, I felt more political aggression than I was used to. And this was in Sussex County, very rural. I rarely go back now - there’s no joy in it for me. Good riddance.
Christie talked a big game in his initial Gov campaign, and after elected spent 10 months trying to wrangle the NJ State Gov’s finances. He surrendered, in total, to Sweeney and Cody, and hasn’t done ANYTHING to attempt to prevent what is now an inevitable collapse. Worse, he is actively pursuing populist policies of stripping the state’s revenues and emergency funds, in an attempt to prop the state up as he preps for his presidential run, the future of the state be damned, cause he’s moving on up!
Can’t argue with that - but the Jersey voting record and political composition of the legislature is Democrat.
Its Bushs fault
If I owned a business in New York State, it would bother me as illegal & unconstitutional that New York is paying other people to come to New York to compete against me. Isn’t that unfair to businesses & business people who’ve been in New York for many years? Giving a tax break to newcomers that one-timers don’t get is the WORST kind of corruption & abuse of governmental power!
doesn’t it sort of violate “equal protection of the laws” for New York State to give tax breaks for newcomers to compete against old-timers? Doesn’t that create an unlevel playing field for business? Suppose I own a restaurant & a new guy moves in next door to me using that new tax incentive from governor Cuomo & he competes against me, but he pays no tax for 10 years, whereas I pay the tax. In ten years of tax favoritism, won’t he use that tax advantage to put me out of business? He could afford to hire away my best staff workers by paying them more...or drop the prices below mine using his tax advantage...no?
New “immigrants” get that break for their businesses from the Feds. :(
I beg to differ on the housing market “crash” not happening here in NJ. It did and prices have fallen from their high in 2006 about 25% where I live in the northwest suburbs.
The problem financially with the state is the legacy costs of the Democratic controlled legislation of the past decades and the unions in teaching and public sectors.
We finance a lot of this with the highest property taxes in the country which burdens the aging population. Finally the environmental restrictions have driven most of the manufacturing sector, especially the chemical industry, out of the state, where much of it started.
NJ is like California with a rich/poor ratio that’s unhealthy, high taxes driving out the middle class and retirees, and an unfriendly attitude for business. Christie has to deal with all of that and a government that wants to fight him at every turn.
You can see the animosity toward him in this latest media feeding frenzy.
So I don’t think he’s as much a Rino as a pragmatist. He also knows how to win. an election. I would rather have him than any Democrat in the White House. If there’s someone else who can win with more conservative credentials, I’d vote for him over Christie but he’s yet to surface.
Ahhh, I can see why the MSM was backing a rather liberal Christie now... they knew he’d be easy to take down...
Christie had to be destroyed to make way for our next president Jeb Bush. That’s the NWO plan.
Of the two, I’d pick Christie ahead of the other RINO. His RINO daddy and RINO brother had enough time helping wreck America along with the Clintons and the current criminal in the White House.
If its not in first place, it must be close.
they can’t blame everything on christie, he has a democrat legislature in both houses and nothing can be done without a compromise. also, nj was a big mess way before he got in. his republican predecessors were horrible too, kean and whitless. 2 losers in my book.