With recent news that New Jersey’s unemployment rate surged to 7.1 percent in December, and nearly 15,000 jobs lost in the private sector in the month alone, Assemblyman Declan O’Scanlon (R – Monmouth and Mercer) said he wonders when Governor Jon Corzine’s administration will begin putting words into action.

“At (the) State of the State message the governor said our jobless rate was 6.1 percent, compared to the national average of 7.2 percent,” commented O’Scanlon, who is a member of the Assembly Budget Committee.

“Much has changed over the last week, and not for the better. The economy is just as bad in New Jersey as it is throughout the country. The governor has not addressed any immediate steps for attacking our runaway unemployment train,” O’Scanlon added. “Predictions from respected experts tell us that our economic climate will continue to deteriorate. People are looking for leadership from Trenton and right now they don’t see it.”

Being the Wall Street mogul that he is, we suggest that like the Bankers, CEO’s and CFO’s that got rich and are taking million dollar bonuses for their part in driving the economy into the ground, Corzine is patiently awaiting the federal bail-out.


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