Reality Versus Chris Christie, Again
You know things are bad when the genteel souls at the New York Times call out a politician for being phony. Christie has been going around claiming that he’s some kind of turnaround artist who has New Jersey on the rebound. But, reality.
But unfortunate facts offer less of a giggle. Comeback claims to the side, New Jersey displays few blushes of good health. When Mr. Christie took office, the state unemployment rate was 9.7 percent, which ranked 35th in the nation. Now the rate is 9.6 percent, which ranks 48th.
Hours worked are down, as are weekly and hourly earnings.
Moody’s Investor Services put a stethoscope to the state’s chest and didn’t care for what it heard. The second wealthiest state in the nation is falling short of revenue projections and lagging in the national recovery. The governor forecast that revenues would grow this year at a 7.3 percent rate, the fastest rate in the nation.
This forecast is intended to provide the intellectual underpinning for several billion dollars’ worth of proposed tax cuts. It is also — this is not, admittedly, the technical term chosen by the analysts for Moody’s — hallucinatory.
Christie ran on a somewhat moderate platform, but has governed from the right — with a healthy dose of ineptitude (he botched the state’s Race to the Top application, then blamed it on Obama) and a-hole thrown in.
No wonder Fox News loves him so much.