Difference between revisions of "Jon Corzine"

Jon Corzine
Governor of New Jersey; From: January 17, 2006 – Present
Predecessor	Richard Codey
Successor	Incumbent (no successor)
U.S. Senator from New Jersey; From: January 3, 2001 – January 17, 2006
Predecessor	Frank Lautenberg
Successor	Robert Menendez
Information;
Party	Democrat;
Spouse(s)	Joanne Dougherty Corzine (divorced);
Religion	United Church of Christ

Revision as of 21:58, August 10, 2009

Jon Corzine (born January 1, 1947)^[1] is the Democratic governor of the state of New Jersey. He graduated from the University of Illinois (1969) and earned an MBA at the University of Chicago in 1973. Corzine worked in banking and in 1994 become Co-Chairman and CEO of Goldman Sachs, alongside Henry Paulson. He retired in 1999 and entered politics.

United States Senate

In 2000, Jon Corzine was elected as the junior United States Senator from New Jersey, defeating Republican Congressman Robert Franks by 50% to 47%, after spending more money on a senatorial race then any other candidate in New Jersey history. With a net worth of over $71,000,000 he was the fourth richest member of the U.S. Senate. ^[2] He was a member of the Committees on Banking, Intelligence, the Budget, and Energy and Natural Resources. Corzine sponsored 127 bills while in office, however 120 never made it out of committee and only one was successfully enacted. ^[3] In 2002, Corzine voted against authorizing President George W. Bush to go to war against Iraq. He chaired the Democratic Senatorial Campaign Committee from 2003-2005, during which Democrats lost 4 Senate seats.

2005 Gubernatorial Campaign

In 2005 Senator Corzine was a candidate for the Governorship of New Jersey. It was the most expensive gubernatorial election in New Jersey history. The combined expenditures for Corzine's senatorial and gubernatorial runs exceeded $100 million. He mostly tried to link his Republican opponent Doug Forrester with the Bush administration. Corzine's campaign was successful, winning 54% of the popular vote and 13 of New Jersey's 21 counties.

Governorship

Corzine was sworn in as the 54th Governor of New Jersey on January 17, 2006.

Government Shutdown

On July 1, 2006, Governor Corzine was forced to shutdown the state government after clashing with fellow Democrats in the the state Assembly to pass a sales tax increase, resulting in the Assembly being unable to pass a new balanced budget. As a result road construction projects were halted, the New Jersey Lottery, Motor Vehicle Commission and the New Jersey Department of Education was shut down. Gambling at Atlantic City casinos were suspended and 45,000 state employees were in indefinitely. ^[4]

They reached a compromise, with the New Jersey legislator passing Corzine's sales tax increase in exchange for half of the revenue created from it would be used to give New Jerseyans direct property tax relief. The state government was fully restored on July 10, 2006.

Automobile Accident

On the way to an unimportant publicity meeting on April 13, 2007, Corzine ordered his police driver car to go at high speeds, and refused to wear a seat belt. In the resulting crash the air bag did not work and Corzine was inches from death. He suffered multiple injuries especially to his thigh bone. He paid a fine and after intensive hospital care and rehabilitation returned to work.

Economic Record

File:Corzine state of the state.JPG

Gov. Corzine delivering his 2009 State of the State address

Under Governor Corzine New Jersey was ranked as the worst business climate of any state by the Tax Foundation ^[5], and overall has the highest tax burden in the nation. Since Corzine took office, property taxes have risen 17%, twice the rate of inflation. ^[6] The state budget deficit has increased from $3.6 billion to $10 billion and there unemployment rate has risen from 4.8% to 9.2%. ^[7] ^[8] In connection with rising jobless claims, Corzine said, "Now the piper is coming home to roost".^[9]

In response to the rising deficit Corzine has proposed eliminating New Jersey's property tax rebates, which provides tax relief in the state of New Jersey, which already has the highest property taxes in the nation. ^[10] Corzine has already cut $382.5 million from the rebate program in June 2008.

2009 Reelection Campaign

Corzine has announced his candidacy for reelection in 2009, however trails his Republican opponent Christopher Christie in public opinion polls. ^[11] ^[12] ^[13] Corzine's record on property taxes and the economy are the number one issues during the campaign. ^[14]

A poll from Research 2000/Daily Kos conducted in early August shows Christie leading by eight percentage points overall and by a wider margin in other polls. Campaigning by President Obama has not reversed Corzine's steady downward slide. Voters are dubious about giving Corzine another term as the New Jersey economy continues to weaken, high property taxes are a heavy burden, and recurrent corruption scandals have tainted Democrats in the state.

References

[1] ttp://www.state.nj.us/governor/about/

[2] ttp://www.cnn.com/2003/ALLPOLITICS/06/13/senators.finances/

[3] ttp://www.govtrack.us/congress/person.xpd?id=300028

[4] ttp://www.washingtonpost.com/wp-dyn/content/article/2006/07/01/AR2006070100864.html

[5] ttp://www.taxfoundation.org/files/bp58-es.pdf

[6] Department of Community Affairs, Division of Local Government Services Website, www.state.nj.us/dca/lgs/, Accessed 6/4/09

[7] ttp://www.christiefornj.com/images/corzinesrecord.pdf

[8] ttp://www.nj.com/news/index.ssf/2009/01/nj_unemployment_rate_hits_high.html

[9] ttp://www.nj.com/news/ledger/topstories/index.ssf/2008/12/surge_in_jobless_claims_taps_o.html

[10] ttp://www.nj.com/news/index.ssf/2009/02/corzine_may_propose_eliminatin.html

[11] ttp://race42008.com/2009/03/13/poll-watch-new-jersey-more-good-news-edition/

[12] ttp://www.politickernj.com/wallye/31284/gop-poll-has-christie-15-points

[13] ttp://www.philly.com/philly/wires/ap/news/state/new_jersey/20090714_ap_pollchristiewidensleadinnjgovsrace.html

[14] ttp://www.politickernj.com/alan-steinberg/30521/governors-race-eight-key-quinnipiac-findings

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 Corzine has announced his candidacy for reelection in 2009, however trails his Republican opponent [[Christopher Christie]] in public opinion polls. <ref>http://race42008.com/2009/03/13/poll-watch-new-jersey-more-good-news-edition/</ref> <ref>http://www.politickernj.com/wallye/31284/gop-poll-has-christie-15-points</ref> <ref>http://www.philly.com/philly/wires/ap/news/state/new_jersey/20090714_ap_pollchristiewidensleadinnjgovsrace.html</ref> Corzine's record on property taxes and the economy are the number one issues during the campaign. <ref>http://www.politickernj.com/alan-steinberg/30521/governors-race-eight-key-quinnipiac-findings</ref>
-A poll from Research 2000/Daily Kos conducted in early August shows Christie leading by eight percentage points overall and by a wider margin in other polls. Campaigning by [[President Obama]] has not reversed Corzine's steady downsward slide. Voters are dubious about giving Corzine another term as the New Jersey economy continues to weaken, high property taxes are a heavy burden, and recurrent corruption scandals have tainted Democrats in the state.
+A poll from Research 2000/Daily Kos conducted in early August shows Christie leading by eight percentage points overall and by a wider margin in other polls. Campaigning by [[President Obama]] has not reversed Corzine's steady downward slide. Voters are dubious about giving Corzine another term as the New Jersey economy continues to weaken, high property taxes are a heavy burden, and recurrent corruption scandals have tainted Democrats in the state.
 ==References==