Christie’s Economic Policies: A Disaster for New Jersey

As Christie campaign’s across the nation, property taxes are eating up a larger share of family income in New Jersey

Republican Gov. Chris Christie is basking in the national spotlight while actively campaigning for the job of VP on Romney’s ticket.  In his absence from New Jersey our state is in dire economic decline and our governor does not appear to notice or care.

Christie is busy trying to paint the state's black economic picture white by spinning a tapestry of fiscal fantasy. But there is a point where realty becomes unavoidable and no amount of bombastic rhetoric will hide the dismal truth that New Jersey is in trouble as the result of Christie’s failed economic policies.

As Christie campaign’s across the nation, property taxes are eating up a larger share of family income in New Jersey. In fact, net property taxes are 20 percent higher under Christie than they were 2 years ago when he became governor. With property tax credits and rebates included the average New Jersey homeowner paid $7,519 in net property taxes last year, up from $6,244 in 2009 according to statistics released by the State Department of Community Affairs. A significant part of the problem is that New Jersey is the only state other than New Hampshire where local property taxes are higher than state income, sales and corporate taxes combined.

The March 2012 unemployment figures released by the Bureau of Labor Statistics add to New Jersey’s economic distress under Christie. New Jersey’s state unemployment rate is still at 9 percent, far higher than the national average of 8.3 percent. Our unemployment rate is even more dismal when compared to surrounding states, while we remain above 9 percent, Maryland’s unemployment rate is 6.6 percent, Delaware 6.9 percent, Connecticut 7.7 percent, Pennsylvania 7.5 percent, and Virginia at 5.6 percent; no wonder Christie is looking for a job in Washington, DC.

Our state’s high unemployment figure is directly related to the fact that New Jersey’s housing market continues to fall. According to the housing index from online marketplace LendingTree LLC, New Jersey’s housing market ranks near the bottom in the nation due not only to unemployment rate but also rate of foreclosure, home vacancies, loan to value ratio, and equity. In the LendingTree index, New Jersey was 47 out of 49 geographies in the nation, ahead of only Florida and Nevada.

New Jersey homeowners need to remove their blinders and see the economic crisis that has been the true result of Christie’s failed economic policies, as Truman said, “The buck stops here." And here for New Jersey is on Governor Christie’s lap.

Christie needs to worry less about his personal political future and more about the economic future of New Jersey families.

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Securevelope May 07, 2012 at 12:17 PM
You should be a politician Bob. You always find a way to wheedle out of answering. And slinging insults? How very generous of you. You may go back to your desk and fabricate more crap now.
Securevelope May 07, 2012 at 12:18 PM
Oh and just so you know, my question was not to debate, I wanted to know why you thought big government was better than small. Not too hard to understand. Does anyone else understand my question? I bet many do.
Blue Anchor Guy May 10, 2012 at 01:29 PM
Mr. Griffiths...typical of liberal misdirection...suggesting Sarah Palin represents the foundation of the "conservative movement" in this country. That's precisely why the liberals haven't had an original thought in decades.
Typical Obama Voter July 08, 2012 at 06:29 PM
Whacky Bob loves big government as long as the democraps are in charge. I bet whacky Bob didnt like big government under Bush. Democrats hate war, the military, the FBI, the CIA, homeland security, the attorney general and all government security agencies only when republicans are running them. As soon as the dems take over, Clinton or Obama, then every war is justified and all the secret agencies and intrusions on our personal lives and freedoms are somehow okay. Right BOB? ...
messages from newt's moonbase July 08, 2012 at 07:09 PM
hey aqualung bin laden sleeps with the fishes . nuff said


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