Welcome to DU! The truly grassroots left-of-center political community where regular people, not algorithms, drive the discussions and set the standards. Join the community: Create a free account Support DU (and get rid of ads!): Become a Star Member Latest Breaking News General Discussion The DU Lounge All Forums Issue Forums Culture Forums Alliance Forums Region Forums Support Forums Help & Search

Laxman

(2,419 posts)
Tue Mar 17, 2015, 10:17 AM Mar 2015

This Is Quietly One Of The More Egregious....

examples of Christie's style of governing. Tax breaks that exceed the value of the company getting them? Money pouring to his buddies. David Cay Johnston's book Free Lunch was supposed to be an expose of bad practices, not an instruction manual on how to enrich your cronies. You've got to hand it to Christie, he really knows the meaning of "go big or go home". Sadly, I'm getting to the point where I just don't have the energy to be outraged at anything this guy does anymore.:

Christie's Camden tax breaks reward political insiders

During Chris Christie's first term as governor, he made tax incentives a cornerstone of a promised "New Jersey Comeback" that would lure new businesses to the state. With New Jersey's job growth still poor at the beginning of his second term last year, the governor doubled down.

New Jersey's Economic Development Authority has handed out more than $2 billion in tax breaks since 2014, more than the total amount issued during the decade before Christie took office.

The aid has gone disproportionately to businesses in Camden, a city of 77,000 that ranks among the nation's most impoverished. Development projects in the city received $630 million in future tax breaks last year. Because of those grants, Christie said in his State of the State address, Camden is "seeing a new tomorrow."

As Christie considers a Republican presidential campaign, the prospect of a renaissance for heavily Democratic Camden would offer a useful counterpoint to New Jersey's lackluster economic performance. But a closer look at the grants — which will amount to nearly four times Camden's annual budget — indicates they may do less for the city than advertised and more for Christie's political alliances.

Most of the jobs coming to Camden are filled by existing employees who currently work just a few miles away. One tax break exceeded the value of the company that received it. Another went to a developer who owes New Jersey millions of dollars in long-unpaid loans. And nearly all the recipients boast notable political connections — either through an affiliation with a prominent southern New Jersey power broker, Democrat George Norcross, or through donations to Christie and the Republican Governors Association during his tenure overseeing it.

New Jersey's Camden incentives raise questions about his administration's stewardship of New Jersey's finances — and whether Christie's claims of revitalizing Camden will resonate with Republican voters opposed to corporate welfare. For conservatives, incentives buck the free market and could undermine New Jersey's prospects for legitimate tax reform.

"Giving huge subsidies to companies moving from the suburbs of Camden to the city is just off-the-charts crazy territory," said Michael Doherty, a Republican state senator. "If you're a high-profile individual, you can get the EDA to make decisions to your benefit."

Christie spokesman Kevin Roberts said in an email that critics of the tax breaks "offer no alternative plans for creating jobs, growing the economy or renewing our urban centers."


Read the rest here: http://www.northjersey.com/news/christie-s-camden-tax-breaks-reward-political-insiders-1.1290521

17 replies = new reply since forum marked as read
Highlight: NoneDon't highlight anything 5 newestHighlight 5 most recent replies

FSogol

(45,488 posts)
10. I have a (postcard-sized) print of that cover in my office.
Tue Mar 17, 2015, 12:41 PM
Mar 2015

Nothing describes Reagan better, but fits for the Chris Christie and Scott Walkers of the world too.

calimary

(81,298 posts)
12. Welcome to DU, BOTH of you - charliea AND Beach Rat!
Tue Mar 17, 2015, 12:55 PM
Mar 2015

Glad you're both here! That IS a good one, for sure! "For Whom the Dinner Bell Tolls"! Love it!!! We get some GREAT ones from people here! We used to have the DUzys - these ersatz "awards" that would be bestowed in a special thread, every week I think it was, and people would suggest posts for it. DUers would come up with some of the funniest, silliest, wittiest, catchy-est, most hilarious comments and they'd all get their moment in the sunshine with a DUzy award! Every now and then you still see somebody shouting "DUzy!" at a post they thought warranted it. I still do that myself! I suppose you could say "no good deed goes unpunished"!

 

KamaAina

(78,249 posts)
7. "through an affiliation with a prominent southern New Jersey power broker, Democrat George Norcross"
Tue Mar 17, 2015, 12:17 PM
Mar 2015

Bipartisanship at its finest!

Laxman

(2,419 posts)
16. It Is Most Definitely....
Tue Mar 17, 2015, 01:10 PM
Mar 2015

an unholy alliance. Want to talk about an "axis of evil", Christie and his crew and Norcross and his-it's like Hell's Angels and the Pagans teaming up to run the state.

jaxind

(1,074 posts)
11. Something I've been wanting to say for a long time
Tue Mar 17, 2015, 12:54 PM
Mar 2015

This is the way Christie talks to some people "shut up" and "get out of here if you don't like what I'm saying" anyway, words to that effect. Well, could you even imagine if Obama spoke to anyone like that??? He would be called the black-thuggish president, and much worse! But, how come Christie can get away with that kind of behavior (especially if he thinks about running for presidency)? Even if he doesn't run for presidency, can you imagine if there were a black governor talking the way Christie does????

calimary

(81,298 posts)
17. Welcome to DU, jaxind!
Tue Mar 17, 2015, 02:01 PM
Mar 2015

Good to have you here, too! You make a REALLY good point. Some of us have suspected that this was why President Obama behaved the way he did toward Congress and his opponents for the first six years or so, and why it's only now, late in the game, when he starts to put his foot down. Some of us have suspected that he probably had discussions with trusted advisors and probably also Michelle, going in. I mean - just consider. The First Black President. That whole "uppity" thing. Can you just imagine the pressure, the baggage that people automatically assign to such a man - Just Because? Oh, sir, you really can't be a hard-ass - you'll be lambasted as being the thug and all kinds of other horrible and idiotic slams and name-calling; you have to pull your punches; you have to deal with all this old stale shit that some of your opponents still carry around and cherish like so many baby pictures in their wallets. All the old shit YOU have to deal with, the unspoken shit, the presumptions, the inability of others to get the rocks out of their eyes, their hearts, and their brains...

All of that. It wouldn't surprise me if they kicked this idea around almost constantly after he won the title "President-Elect" - how are you going to govern? How are you going to manage the conflicting sides? How are you going to work this? I bet that was THE conversation that went on behind the scenes ALL THE TIME.

I've heard, I think, Rachel Maddow talking about Hillary Clinton in the same way - and if she gets the brass ring she will face this too - as The First. She WILL get shit. She WILL have to deal with people who've never had to face this particular template before, and aren't comfortable with it because it was always a man in that job and some people just always want it that way and this is an affront to what THEY feel is "the way it oughta be." The same people, I'm certain, feel that it's always been a white man in that job. So that's just the way it oughta be. And the first person to break through that convention is always gonna get shit, and always has to strategize extra, always has to use psychology extra, always has to manage attitudes and old perceptions and conventions and old thinking and old crap. The first person to cut through the bushes and brambles is always the one who gets the most scratches and bruises and cuts and scrapes from doing so. But that's what happens when you have to clear the way and cut a new path where there wasn't one before. The path-cutter up in front is the one that gets all banged up. For those who come afterwards, they don't have to deal with most of that, because the path has already been cut, the trail blazed, the basic way cleared, even weeds have started growing back over some of it.

I heard Rachel Maddow talk about Hillary Clinton that way - that literally everything she's done has been a first. She's done almost nothing throughout her life BUT be The First One. Or The First To Do Whatever-it-is. Nobody ever went from First Lady to Senator in her own right. Nobody ever campaigned for "THAT" job as a genuine peer - as she did in her primary campaigns for President. No woman was ever a realistic candidate before, even though there had been a handful before her. Geraldine Ferrarro before her - beat sarah palin to the Vice Presidential nomination by decades. SHE, too, had to face all kinds of shit just because she was The First. Again, that whole "uppity" thing.

There've been other women and other black men - and even one black woman (Shirley Chisholm) who sort of ran for President. But they were never considered viable. Even ben carson, today, isn't REALLY considered a viable candidate. He has about as much chance of getting the GOP nomination as I do. Realistically. Frankly, they laughed at Shirley Chisholm back in the day. I'm sure they laughed at white GOP female Margaret Chase Smith - DECADES AGO - during her very brief flirtation with a presidential run. Hell, I think she was the only female in the Senate back then. I remember the campaign button - a white oval that simply contained her name and a single long-stemmed red rose underneath it.

No, I can NEVER imagine a black governor talking the way christie bellows and taunts and blows. You'd hear "BLACK PANTHERS!!!" "OMG! Stokely Carmichael!" "You SEE?!?!? THERE! Proof positive they're taking over! They wanna kill the whites!!! BE AFRAID BE AFRAID You shoulda listened to us! He's coming for our GUNS, even!" God, there'd be no end to it. Especially now, with Pox Noise and the limbaugh-hate radio contingent regurgitating it, around the clock. JEEZ there'd be no end to it. African American men and women who've risen to positions of power, I suspect, know better. They know us better than we know us. They understand. They get it - what it is they're up against. They're wiser than we know. They know the stereotypes they face - even when they're the farthest imaginable individuals from such a stereotype. They know it. I'm sure Hillary knows it, and I'm sure Barack Obama knew it, too.

valerief

(53,235 posts)
13. It's almost impossible to be outraged by anything the GOP does. They've outraged us so much
Tue Mar 17, 2015, 12:55 PM
Mar 2015

already we expect it.

Laxman

(2,419 posts)
14. Some Of This Is Just Absolutely.....
Tue Mar 17, 2015, 12:56 PM
Mar 2015

insane! We're living in a country where the scammer is king!

In at least one case, the value of the tax credits outstripped the value of the business that received them. In November, a Maryland medical testing startup, DioGenix Inc., received a $7.9 million tax incentive to relocate to Camden. Two months later, DioGenix sold itself for between $8 million and $10.9 million to a buyer that announced it would resell the tax breaks for at least $6 million.


Where do we sign up for these deals? (not that I'd want to)
Latest Discussions»General Discussion»This Is Quietly One Of Th...