Statements about Economy
"Under Republican Chris Christie, New Jersey had the highest increase in unemployment in the country last year. Nearly 1 in 10 jobless. The worst unemployment in the region. Near the bottom in economic growth, yet Christie protected a tax cut for millionaires but vetoed a minimum wage hike."
Says "the area damaged by Hurricane Sandy represents roughly 10 percent of our nation's economy."
"In total, we have added nearly 75,000 private sector jobs in New Jersey since we took office in January 2010."
"Right now one of our highest job growth sectors is Leisure and Hospitality. We've added jobs that mostly fall within the restaurant and bar sector industry. These are not high-paying jobs, as the U.S. Department of Labor estimates this is an industry sector with the lowest average wages and the lowest proportion of its workforce earning minimum or subminimum wage jobs."
Says under U.S. Sen. Robert Menendez’s watch the nation’s unemployment rate and debt doubled and the federal budget deficit quadrupled.
"We have more people working in the state of New Jersey today than we've ever had in our history."
"We have more scientists and engineers per square mile than anywhere in the world."
"We are not producing jobs. We created 80,000 jobs last month. We don't talk about the jobs that we lost. The net of it all is that we lost jobs."
"In 2011, NJ economy ranked 47th--at the bottom with Alabama, Mississippi & Wyoming. Under Christie, NJ is falling behind."
"Women have come through the recession worse off than men … the numbers bear that out. We went from a 7 percent unemployment rate for women when he (President Barack Obama) was elected to an 8.1 percent now."
"The U.S. is borrowing approximately $2.52 for every $1 of economic growth so far in 2012."
Says Congressman Steve Rothman voted against funding for President Barack Obama’s auto bailout and would have let automakers go bankrupt.
Says New Jersey is "down nearly 200,000 jobs from its pre-recession peak" and with Gov. Chris Christie "New Jersey has trailed the rest of America when it comes to unemployment" for 12 consecutive months.
Says America spends "over 17 percent of its GDP on health care costs when our closest competitor nations are spending about 12."
Says Joe Biden said Jon Corzine is "the smartest guy that I know, in terms of the economy and on finance, I really mean this."
"Following the catastrophic, cascading collapse of major investment banks on Wall Street in 2007.....Nobody was prosecuted, no hearings were held and no reforms were implemented."
Says in 1944 "we were in debt more than twice as much as we are now."
"Currently it costs more than a penny for the U.S. Mint to make a one cent coin and more than a nickel to make the five cent piece."
Says Democrats raised taxes over 115 times in the past 10 years, "making New Jersey increasingly unaffordable and chasing jobs to neighboring states."
"The state’s tax burden has, according to census figures released today, cost our state another 190,000 residents in 2009."
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