Chris Christie: Don’t Believe The Hype

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TheDailyBeast.com:

Don’t Believe the Chris Christie Hype–Look at His Economic Record

chris_christie_300x300Chris Christie’s greatest obstacle to becoming president of the United States is neither his weight nor his conservative credentials. It’s his crappy economic record as governor of New Jersey. It won’t take a person in a white lab coat to uncover Christie’s failings, however. They’re easy to spot. Here are just a few of his economic record’s lowlights, which his opponents are sure to broadcast:

Unemployment: New Jersey’s unemployment rate is 8.5 percent, considerably higher than the national rate of 7.3 percent, making the state 41st in the nation.

Job creation: New Jersey ranks 44th in job growth during Christie’s governorship.

Credit rating: Three major credit agencies have cut the state’s credit rating since Christie became governor, making it costlier to borrow money.

Economic growth: In 2011, New Jersey was just one of seven U.S. states whose economy shrank. The state ranked 47th in terms of GDP growth.

Taxes: New Jersey is tied for 50th in the Tax Foundation’s annual report, which ranks which states have the most business-friendly (translation: lowest) taxes. Plus, the tax burden grew by 18.6 percent for the average family under Christie.

Home prices and foreclosures: Mortgage delinquencies have increased 2.8 percent since Christie took over, the highest of any state in the nation. Plus, home prices are down 6.7 percent in that time, putting New Jersey in the bottom quarter of all states.

Poverty: Although this statistic may not resonate with Republican primary voters, the poverty rate in New Jersey has reached a 52-year high, with 24.7 percent of the state below the poverty level.

For the complete article go to: http://www.thedailybeast.com/articles/2 … ecord.html


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