werepossum
Elite Member
- Jul 10, 2006
- 29,873
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New York has something New Jersey does not have - Wall Street. New York also has real estate considered more desirable (depending on one's business) than any real estate in the nation, the only real equivalents perhaps being California's Silicone Valley (which is eroding but still worth a premium) and Hollywood. I don't believe (although I may be wrong) that New Jersey has anything similar that would convince companies to pay a large premium to be in that particular spot.Their taxes could be an issue, however New York is significantly outperforming NJ and taxes are even higher here.
My guess is that his ability to fix the pension issues will be pretty small at this point. He has effectively reneged on his half of the original pension bargain, which probably means the legislature isn't going to be too excited about cutting a new one. It sounds like New Jersey has been terribly mismanaged for quite a long time now, my guess is that someone's going to have to bite the bullet at some point and try to get the pension funding put back together.
lol +1Going to the GOP for fiscal responsibility is like going to Christie for weight loss tips.
Although I think Christie just got a lap band, so that joke may be dated. He looks to me like he's slowly deflating, but that may just be BridgeGate taking some steam out of him.
