Thursday, May 08, 2008

New Jersey.. going to H-E-double hockey sticks.

It's like watching a car wreck in slow motion.

What the Democrats are doing to the state's economy, I mean. Pieces are flying off in all directions. In terms of taxes and regulation, New Jersey was once a relative haven, a cheap place to do business. But for most of this century, we've been slowly losing high-income residents and high-income jobs. James Hughes and Joe Seneca of the Bloustein School of Planning and Public Policy at Rutgers have been documenting this in a series of depressing reports about the state's economy.

"When business decisions for expansion are made, they're just not being made in New Jersey," said Seneca when I spoke to him yesterday.

The primary source of job growth in recent years has been in government, not private industry. And that represents a death spiral. Public employment creates higher taxes, which in turn discourage private employers from locating or expanding in New Jersey.

Corzine is running your state into the ground.

Come to the light, my NJ brothers and sisters! We may have our problems in Florida, and our governor may be just as gay as your previous one, but there's a reason why Tiger Woods and Rush Limbaugh and countless other rich celebs live down here, and it's not just the weather.

I haven't filed a state income tax form in twelve years. Come to the light, my NJ brothers and sisters!

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