Want access to post press releases? To sign up, use this form. You must be logged in.
DeCROCE: NJ’S RISING FORECLOSURE RATE AND POOR SHOWING IN MOODY’S ‘ADVERSITY INDEX’ PROVES THE ‘CORZINE RECOVERY’ IS A SHAM
By Robert A. DeSandoAssembly Republican Leader Alex DeCroce said today that two new reports by independent research organizations show New Jersey’s economy continues to suffer despite Gov. Jon S. Corzine’s claims that his policies have put New Jersey on a path towards recovery.
“There has been wave after wave of bad news about New Jersey’s economy but the governor continues to pretend that conditions are dramatically improving,” said DeCroce, R-Morris and Passaic. “No matter how hard he tries to spin a yarn about the ‘Corzine recovery,’ people who have lost their jobs and their homes know better.”
Statistics released by RealtyTrac show home foreclosure filings in New Jersey rose 44.5 percent from the level posted in the second quarter of the year, placing the state 10th in national rankings. Figures for New York and Pennsylvania were considerable smaller, and Delaware even reduced its foreclosure rate.
“Once again, New Jersey’s performance is weaker than every one of our neighboring states,” DeCroce noted. “This week we found out that our unemployment rate is continuing to rise while the number of jobs in the private sector is dropping. None of our neighbors are doing as poorly as we are under Jon Corzine. Yet the governor insists that his decision to impose higher taxes on people and businesses in the midst of a recession has nothing to do with the fact New Jersey continues to under-perform.”
Another disappointing sign is that New Jersey continues to rank high on the latest “Adversity Index” prepared by Moody's Economy.com and msnbc.com. According to latest index, the state of New Jersey is still listed in the “recession” column. Out of 384 metro areas in the nation, 79 are in recovery, according to the August data on jobs, manufacturing and housing. Only two of the 10 “metro areas” that cover New Jersey showed any sign of improvement. The rest are still considered to be in a full-blown recession.
“Since the Adversity Index does not include the September job figures, which were dismal, I fear New Jersey will fare worse when the next index is released,” DeCroce said. “By recklessly raising taxes, spending and debt, Jon Corzine and the Democrats in control of the Legislature have saddled New Jersey residents with the heaviest tax burden in the nation and the dubious distinction of being the state with the worst business climate in the country. They have nothing to crow about.”
Contributors
Wally Edge
Michael Doherty. a West Point graduate and one of the state's most conservative legislators, will take his seat in the State Senate today. A ... >
Bob Torricelli
Everybody needs to start a new job with a list of priorities and Chris Christie is no exception. There might be a thousand things that need to get ... >
Michael Patrick Carroll
Political discourse in America contains much in the way of intellect or intellectual honesty. One considers the Federalist Papers with wistful awe: ... >
Jeff Michaels
The NJ gubernatorial election result demonstrates that Governor-elect Chris Christie resurrected the center-right voter coalition of Republicans, ... >
Richard LaRossa
With a convincing win in defeating an encumbent Governor, why were there no coattails? >
Alan Steinberg
As in any transition, speculation is rampant as to whom Governor-elect Chris Christie will appoint as Chief of Staff, State Treasurer, and Attorney ... >
Dr. Joseph Marbach
Now that the dust has finally settled after the grueling campaign for governor, there are a number of lessons that we can draw from this ... >
Carla Katz
When he was growing up, Chris Christie's folks must have taught him that when he went to a new playground, he should pick a fight with the ... >
Joey Novick
“My work is done here. Winfrey has finally succumbed,” announced Novick at a press conference, pumping his fist in ‘win’ style. ... >
Murray Sabrin
New Jersey voters repudiated Governor Jon Corzine's policies of the past four years on November 3rd. Republican Chris Christie and Independent ... >
Poll
Hot Topics
Most Active Stories
- Christie transition team members to assume more specified roles tomorrow
- Christie names 19 subcommittee chairs
- Between two Tuesdays ago and next Monday: welcome to Atlantic City
- Sweeney subs for sitting senate president at On the Record taping
- Poll finds New Jersey residents narrowly support gay marriage
- Marlboro mayor won't rule out '13 bid for governor
- Exploring congressional bid, Runyan meets with Gilmore
- Sweeney: economy is the issue now, not marriage equality
- Weinberg to Sweeney: honor your committment on marriage equality
- Bergen County prepares for the unusual: Republican Freeholders
- Quinnipiac: Christie leads 50%-40%
- Quinnipiac poll has Christie ahead by 4 points as Corzine gets closer
- Christie, in West New York, takes questions
- Gore makes his case for Corzine
- Potential LG rivals Allen and Weinberg ally for county committee reform legislation
- Final debate schedule
- Torricelli on making perfection the enemy of good
- Autistic man seeks Assembly seat in 37th
- Jeb Bush attends Christie fundraiser
- Correction: Weiner departure was not his own idea
Recent Posts From Inside Edge
Quote of the Day
"An Irish wake." -- New Jersey Sierra Club director Jeff Tittell, on Senate President Richard Codey's party in Atlantic City.
Recent Press Releases
- Nov 20 2009
- Nov 20 2009
- Nov 19 2009
Syndicate
Say no to Christie and Corzine. Vote Daggett
Don't by that GOP non-sense that Daggett is a plant funded by Corzine.
Fact is Daggett has no funds at all.
Futhermore, Chris Daggett nailed Christie and Corzine for corruption in 3rd Debate
You really have to hand it to Chris Daggett. Not only did he stand toe to toe with Jon Corzine and Chris Christie he really nailed it to them in the 3rd NJ Gubernatorial Debate. Once again, for the third time in a row, I give this as a notch for Daggett.
Chris Daggett handed it to both Christie and Corzine for corruption saying to fight corruption you need to lead by example.
Daggett then cited specific corrupt activities that Christie and Corzine had engaged in, including illegal campaign finance and pay to play, and neither Corzine or Christie could defend themselves.
Instead, Corzine acknowledges that activity is going on and agrees with Daggett that it needs to stop.
For full coverage of the 3rd NJ Gubernatorial debate click here.
Daggett breaks 20% and now polling in the low 20's
Get The Word Out Vote Daggett
If you're afraid that a vote for Daggett is a Vote for Corzine, don't be because the polls show Daggett is hurting Corzine and putting Christie ahead.
See this Daggett Hurts Corzine and Helps Christie
You can be sure that you don't waste your vote by making the I'll vote for Dagget pledge.
The Daggett pledge is based on a simple premise, if enough people pledge their vote then you will vote for Daggett
Pledge your vote for Daggett at DaggettPledge.com
Economic recovery
I never expected to New Jersey to perform weak compared to its neighboring states.
If you're wondering where economic recovery is the slowest, or the fastest, it's slowest in Detroit and New York. According to a recent survey by Moody's Economy, using Bureau of Labor Statistic data, pinpointed the hotbeds of recovery and areas that were depressed. The manufacturing heavy areas, especially Detroit and Flint, MI, were the worst beset by unemployment, and New York City has a financial sector in shambles. Austin, Texas has the lowest unemployment in large metro areas, with Fayetteville, Arkansas and Boulder, Colorado right behind them. Some areas, especially those with a large manufacturing base, aren't thought by some to be able to make a full economic recovery – and are in the direst need of debt relief.