Christie is presiding over a state that is doing terrible, how he is still in the race is baffling to me. Eventually his lack of success will be exposed and he'll need to crawl back to the flop eared north African for another hug as he won't be close to being in the top 3. Here are a few excerpts of how his state is doing.
"The state's economic recovery continues to lag the nation as the state has only recovered 62% of jobs lost during the recession, while the U.S. has recovered 132%," a recent Moody's report stated.
Gov. Christie likes to champion his business credentials, but New Jersey is frequently ranked as one of the worst states in the country for doing business, according to
surveys of CEOs and the
Tax Foundation. Overall economic growth has been lackluster -- the state ranked
46th for growth in 2014.
Since the recession, poverty is up, the state's revenues
are down, and the New Jersey's unemployment rate remains well above the national average.
New Jersey's job growth rate in the last year ranks dead last in the continental United States. The U.S. has more than regained the nearly 9 million jobs that it lost during the recession that lasted from 2007 to 2009. New Jersey has recovered fewer than half of the lost 257,900 jobs, and its job growth is losing what little steam it had.
Both retirees and workers are marching out of New Jersey, taking their money with them. During a five-year stretch, from 2006 to 2011, the state lost more than 90,000 taxpayers — and $8 billion in income — to other states and countries that was not made up from new workers within the state, according to an analysis of IRS tax and migration records.
The middle class has fallen behind. Seven of the 10 occupations that lost the most jobs from 2000 to 2013 had median wages between $30,000 and $60,000 a year. Meantime, six of the 10 occupations that added the most jobs had median wages of less than $30,000 a year. And New Jersey workers in all occupations saw their inflation-adjusted salaries fall 15.8 percent from 2007 — the year before the recession — to 2013, federal data shows.