Wilson says attempts to cast Corzine as popular is just "spinnery"
By Matt Friedman, PolitickerNJ.com ReporterDemocratic State Chairman Joseph Cryan said that the Governor’s 38% approval rating in the Quinnipiac poll released today was “not unexpected.”
Corzine is undertaking some tough but necessary reforms in the state budget, Cryan said.
“The Governor has been dealing with the economic problems in the state. He’s not doling money out. We think that people ultimately are going to respect what we’re doing and it will put us in a positive position next year,” he said.
Nor was Cryan surprised by that the email controversy between Gov. Corzine and union leader Carla Katz, an ex-girlfriend, hasn’t stoked the public fury – despite GOP Chairman Tom Wilson’s push to make the emails public.
“Gee, Tom Wilson gets it wrong? What a surprise,” he said.
Wilson responded that the question about the emails was too broadly worded.
“I think if you asked people ‘d o you think that back channel communications between the governor and a union leader regarding contract negotiations should be made public, I think you’ll get a different response,” he said, adding that a single public opinion poll doesn’t make him doubt whether the emails are worth pursuing.
Wilson also doubted that the Governor’s approval rating is low because he’s making tough budget cuts, noting that a majority of respondents were specifically not happy with the Corzine’s performance in handling the budget.
“Anybody who’s trying to take solace and find something good in these numbers as it relates to Jon Corzine is engaged in the art of pure spinnery,” said Wilson.
As for the Senate race, Wilson went on to echo remarks the Zimmer campaign made earlier today: that Lautenberg remains under 50% in the polls, which he sees as a sign of vulnerability.
Fairleigh Dickinson University pollster Peter Woolley said that it’s tough for a Governor to be popular while making budget cuts. And although Lautenberg is under 50%, he still appears to have a strong advantage against Zimmer.
“Dick Zimmer started the race late and, in terms of name recognition and fundraising, he’s really starting from square zero. Frank Lautenberg is starting pretty far along,” he said. “I think it’s going to be an uphill struggle for Zimmer.”
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Quote of the Day
"I'm tired of this two-party system. All they want is to score points for their team. I'm sick of it. I've had it." -- Karen Dunn, the owner of Blackbeard's Deli in Burlington City, after meeting independent gubernatorial candidate Chris Daggett.
Recent Press Releases
- Jul 2 2009
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Well, Tom Would Know
Gee, Tom, you mean if you phrased the question in a totally negative way you expect you'll be able to get a negative answer? Boy you really are a smart politician who knows all about push polls, huh?
It's really a wonder that you can't make payroll, isn't it.
The "C" mans definition of reform
Raising Taxes, Cutting Services,Forcing Businesses to move out of NJ and pointless spending.
The Exodus Continues
Corzine for VP!
Let him run the US economy to the ground just like NJ!
Corzine Reappoints The Man Who Just...
Well, some bonehead in the state decided it would be wise to invest state pension money in a downward spiriling stock called Lehman Brothers (LEH), akin to Bear Stearns. The problem is that the Korean funding source has backed out of loaning them money. The stock has also been devalued by several financial institutions over the past couple of days.
What was invested: $180M
Days Invested: 3
What was the loss: 25-35%
What was the financial loss: $40-60 Million (in 3 days!)
Now, to purchase this stock, was there inside information, false news to reduce the stock further or was this purchase used to defer the losses a bit so some people could cash out? Who knows? It's just that this does not seem to be a responsible business move, especially when the state is already facing financial problems.
IT'S ALMOST LIKE BEING DOWN TO YOUR LAST $20 AND BUYING LOTTERY TICKETS WITH IT!
Come on Jon, back this up with some personal funds!
Gambling with our funds
Notice Corzine's in A.C. this week--how apropos--probably putting what's left of our funds on the roulette wheel.
His ratings are down because he hasn't cut DEEP ENOUGH. Get a clue, Jon. the only thing that will save our state from bankrupcy is Shermanesque slash-and-burn campaign. Take no prisoners, damn the torpedoes and all that.
Re-election? You've got no hope if you don't do something drastic about the Trenton cesspool that's about to drown us taxpayers in red ink. (You will be held accountable, chief.)
just to point out
Prior to JC being Gov no one discussed the budget, no one cared about it. JC has at least brought the issue to the foreground. Furthermore JC has suggested massive cuts that have made the leg shiver. Corzine hasnt been perfect and i might have done a few things differently, but you have to admit that he has been the 1st gov in a longtime to look at the states finacial mess and base his career on it-cant say that for Codey, McGreevy, DiFran, Whitman, Florio, or Kean
The budget has been a topic for years...
The budget has been a topic back before Florio.
Sure, Corzine is making the biggest stink from it, because now it is hitting critical mass, to which he is partly to blame. THe others are Codey, McGreevy and Whitman.
Codey is the most to blame since he is a career politician who has been around through the whole timespan of these governors. When Codey was in office, he DID NOTHING.
Corzine could have done things to fix this system, but instead has piled on $8 Billion to the budget and was looking to bankrupt the state by that stupid toll road scheme. Corzine has not been good for this state and each and every day proves it.
bankrupt
Toll Road scheme-let me ask…How could that have bankrupted the state? The only reason it was an issue was because Corzine had high numbers in 07 and the state GOP needed an issue to run-don’t sell the assets. Here is news the only thing that the “assets” fund are the assets themselves. The Transportation authorities get the money it doesn’t go to the general tax fund. This is why the transportation authorities are known as quasi-state agencies because they are privately/publicly funded agencies responsible for the upkeep of state owned infrastructure. If you understood how the plan would have worked it is likely that you would be signing a different tune. If the roads were leased (with the toll provisions and state police patrol provisions noted by JC) they would have assumed a massive debt to purchase them-a non-bonded debt that would have been arranged through investments in a non-public agency. Then the state would be infused with cash and significant debt payments could be made, thus freeing more of the general fund to go to the state’s other needs and not to debt repayment. With more money in the state coffers, taxes would either a) stay where they are (which they did last year) or possibly go down (unlikely in any politically backed plan I know). Lastly, the provisions specified that should the investment company go up the state would re-assume the highways at a net-gain with the debt being bad business debt to whatever financial institution backed the investment. Furthermore, since the transportation authorities have been dumping grounds for Adubato, Norcross, and Lynch et all political cronies they would be marginalized and NJ political power brokers (Democrats no less) would be left with one less chip to play with, and one less mechanism to abuse public money. The GOP got this, but they simply needed an issue. They clamored about “not selling our assets,” but those assets don’t generate income, nor is the NJGOP willing to raise tolls so that they do. It was a pure political play. The state should lease the roads.
Toll Road Monitization & State Finance 203
If you want to know exactly how toll road monitization was designed, go to www.bumtag.com.
The description above is not accurate.
Imagine the tolls increasing hundreds of dollars each way for a truck to deliver your goods, especially when restricted to the National Networks. Imagine costing $50 to drive from Exit 1 to Bergen County. The people are not driving the parkway enough now because gas went up just $1 per gallon. This is causing an automatic parkway rate hike because the funds are dropping. As this increases, so too will the vehicle miles decrease. When someone driving from Exit 8A to Exit 14 to get to work has their daily tolls increase from $7 a day to $45, no one will be on these roads. People will look for other employment or telecommute, eliminating tolls alltogether. I used to drive the turnpike daily. Now, only once a month. I telecommute and work out of a PA office the others.
The state will have to fund them in another fashion. As business leaves the state, as we are already seeing BMW and several others move out, so too will the economy falter. As the economy falters, more rate hikes will occur, driving more people and businesses away. The people and businesses who are paying the lion's share of the taxes.
I've majored in finance and economy and work for a brokerage house. This is very basic regional economics. Something that slips the grasp of many politicians. There is only a finite amount of money and when taxes go too high, or businesses charge too much for an item, the sales decrease. There is a point of diminishing returns. If you buy a DVD for $10. Then over 10 years that same DVD costs $75, will you still buy them?
Toll Road Ponzi Scheme
The roads aren't the asset, it's the tolls, fool! Monetizing cash flows (asset) and giving up the physical roadway (real property) as the sweetener to the Vulture capitalists on Wall St! You can't tell me that the NJ Legislature or even our Wall St. governor or his ace Rose have a crystal ball that can predict what the cash flows are going to look like over a 40-50 year time horizon? Hell, when he was out hawking his monetization Ponzi scheme he couldn't predict we'd see $140/bbl oil or $4 gasoline by June, did he. And you think his model factored the impacts of diminished tolls attributed to increased carpooling, public transit and telecommuting? The guy is a whack-job without a whiff of leadership spine.
I'm sorry
If I go elsewhere then bumtag.com for info
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