Wow - geniuses...
Their numbers show NJ lost 4% of its private sector jobs in this recession. NJ has now lost more jobs than it gained during the economic expansion of 2002-2008...Geez. I wonder why! Could it be that business has been taxed out of the state? Do these numbers really correlate to the national ones? How about the large companies who have had enough and moved - or downsized NJ presence? They take their jobs and taxpayers with them.
I have had 2 CEO's of NJ-based companies tell me that they can't get managers to relocate here. The reason is NOT that homes are too expensive - they are not any longer when compared to other areas such as DC metro and the west coast. The problem is the taxes. In Maryland or Virginia - you'll pay $5-6,000 on that million dollar home. In NJ, depending on the town, you'll pay between $17,000-30,000!
For what?
Somehow I have the feeling that the jobs recovery is going to be a little longer than 2011. Like never. Although PA, DE and the Carolina's will do just fine... until the taxman visits them as well.
It is only a question of time before the Obama administration makes bailing out NJ, NY, IL and CA - part of the national budget. Why shouldn't everyone pay for our largess?
Remember it is about fairness, sacrifice and your patriotic duty. Listen up Wyoming!
Brian
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