Here is what you might call a gap in the Corzine explanation of the state’s economy.
A new ad says today ( and the Guv has said it himself countless times in public ) that NJ was the first state in the nation to get out in front of the economic crisis last Fall. At the Governor’s behest, NJ passed an economic stimulus package aimed at creating new jobs and shoring up the safety net for the most vulnerable.
Alright, we heard ya’ already. But here is the question. If NJ was so much better than everyone else…then why is the state’s unemployment rate higher than its neighbors?
New Jersey is at 9.3% which is better than the national average of 9.7%.
However, New York has 8.6%, Pennsylvania 8.5%, Delaware 8.2% and Connecticut 8%. So why is that?
Well, Corzine said Wednesday that New Jersey is indeed faring better than many states including California and Michigan which have unemployment rates in the double digits.
That is true, but isn’t a better basis of comparison nearby states?
One can always make the argument that it “would have been much worse without the stimulus package.”
That also may be true, but that doesn’t mean it’s good now. And bad economic times often spell trouble for incumbents.