New Jersey sees median income take a plunge

I almost spit out my coffee when I saw the Jon Corzine ad claiming that he was the only candidate that can “lead us through these tough times”.

The ad claims that Jon Corzine “developed the nations first economic recovery plan”. Ummm, I believe that FDR might disagree!

The ad claims that his economic recovery plan is working, with “thousands of new private sector jobs”. He omits the even greater number of unemployed. New Jersey’s unemployment rate is at 9.4%, the HIGHEST it has been in ten years. In addition, New Jersey’s median income, under Corzine has PLUMMETED!

The median New Jersey household saw its income drop by the largest amount of any state when comparing the last two years to the previous two, according to the U.S. Census Bureau.

The census released an annual report examining income, poverty and health insurance on Thursday. New Jerseyโ€™s median income fell from an inflation-adjusted $71,284 in 2005-06 to $64,070 in 2007-08, according to the report. In comparison, the national median fell $50, from $51,283 to $51,233.

The ad goes on to claim he cut spending by $4 Billion – he omits the $10 BILLION DEFICIT he left the state for 2010 in deferred spending, lending to the outrageous lie that he actually balanced the budget and was fiscally responsible. In the fact the opposite is true. He played shell games with finances, used smoke and mirrors, and with what was left he had fun with numbers. The New Jersey budget leaves the state in even worse condition financially in 2010 then it was when he took office, if that is even possible.

He claims to have offered “more property tax relief” … he fails to inform the voters that he LIED and BROKE HIS PROMISE on property tax relief. his actions in Trenton have caused municipality after municipality to increase their property taxes because Jon yanked tax relief to cities, hurting small townships just so he could dump millions upon millions of our tax dollars into pits such as Camden and Newark.

One has to wonder about the empty, soulless people who help produce this trash that the Corzine campaign is calling a political ad.

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2 Responses to “New Jersey sees median income take a plunge”

  1. I don’t know If I said it already but …Great site…keep up the good work. ๐Ÿ™‚ I read a lot of blogs on a daily basis and for the most part, people lack substance but, I just wanted to make a quick comment to say I’m glad I found your blog. Thanks, ๐Ÿ™‚

    A definite great read..Jim Bean

  2. BloggerDude Says:

    I don’t know If I said it already but …Great site…keep up the good work. ๐Ÿ™‚ I read a lot of blogs on a daily basis and for the most part, people lack substance but, I just wanted to make a quick comment to say I’m glad I found your blog. Thanks, ๐Ÿ™‚

    A definite great read….

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