RESIDENTIAL FORECLOSURES RISE IN SOUTH JERSEY AND STATE REACHES HIGHEST UNEMPLOYMENT LEVEL IN 32 YEARS
As Governor Jon Corzine met with President Barack Obama today, Assemblymen Vincent Polistina and John Amodeo, both R-Atlantic, wondered how the president could support a governor who continues to punish New Jersey?s middle class with his failed public policies that keep the average family struggling.
?Last week we heard the news that commercial foreclosures increased threefold in the state, and now we learn there were over four thousand home foreclosures in June alone,? said Polistina. ?Instead of rallying the troops to support the abysmal performance of Governor Corzine, the president should ask why his administration failed to reign in its excessive spending and borrowing which is crippling the middle class residents of the state. The truth is the governor deserves a failing grade on how he has managed the New Jersey.?
?People in Atlantic and Cape May Counties were significantly impacted by the increase in foreclosures,? said Amodeo. ?The middle class homeowner in these communities who pays the highest property taxes in the country, loses his rebate, and reads that New Jersey?s unemployment rate is its highest in a generation will not support the governor, despite President Obama?s endorsement.
?If people ask themselves if they are better off since the governor took office, the answer is obvious.?
?After the cameras stop clicking and the president returns to Washington, our state will still be on the verge of financial collapse and Governor Corzine is responsible,? continued Polistina. ?The biggest bailout President Obama can give New Jersey would be to take the governor with him.?