Difference between revisions of "Jon Corzine"
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| − | '''Jon Corzine''' (born January 1, 1947)<Ref>http://www.state.nj.us/governor/about/</Ref> 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. | + | '''Jon Corzine''' (born January 1, 1947)<Ref>http://www.state.nj.us/governor/about/</Ref> is the [[Democratic]] governor of the state of [[New Jersey]]. He faces a tough reelection battle in November 2009 in the face of economic troubles and a poor performance as governor. He trails in polls showing 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. |
| + | |||
| + | ==Career== | ||
| + | Corzine 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 the big Wall Street investment forms of [[Goldman Sachs]], alongside [[Henry Paulson]]. He retired in 1999 and entered politics. | ||
==United States Senate== | ==United States Senate== | ||
| Line 28: | Line 31: | ||
==2005 Gubernatorial Campaign== | ==2005 Gubernatorial Campaign== | ||
| − | In 2005 Senator Corzine was a candidate for the | + | 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. Corzine campaigned by linking 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 of New Jersey== | ==Governorship of New Jersey== | ||
| Line 35: | Line 38: | ||
===Corruption and Scandals=== | ===Corruption and Scandals=== | ||
| − | Jon Corzine had a romantic relationship with | + | Jon Corzine had a romantic relationship with Carla Katz, president of the Communications Workers of America, a major lanbor union. After living together for two years from 2002 through their breakup in 2004, Corzine paid a $6 million settlement. After Corzine was sworn in as Governor in 2006, Carla Katz maintained contact with him, despite her colleagues warning that the unusual multimillion-dollar settlement could result in a conflict of interest with union negotiations. <ref>http://www.nytimes.com/2007/05/23/nyregion/23carla.html?_r=1</ref> In 2007 an ethics panel ruled that labor negotiations did not violate the governor's code of conduct. In May 2008, the New Jersey Superior Court ruled that at least 745 pages of e-mails between Corzine and Katz must be made public, however Corzine's lawyers appealed the decision. In March 2009 Katz was expelled from Communications Workers of America after she spent $138,000 on personal and political expenses in violation of union regulations. <ref>http://www.nj.com/news/index.ssf/2009/04/carla_katz_will_have_radio_sho.html</ref> |
| − | In July 2009 a major corruption probe led to the arrests of 44 New Jersey officials, in which 43 were | + | In July 2009 a major corruption probe led to the arrests of 44 New Jersey officials, in which 43 were Democrats. A member of Jon Corzine's cabinet, Commissioner of Community Affairs Joseph Doria was raided by the FBI. |
===Government Shutdown=== | ===Government Shutdown=== | ||
| − | On July 1, 2006, Governor Corzine was forced to | + | On July 1, 2006, Governor Corzine was forced to shut down 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 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. <ref>http://www.washingtonpost.com/wp-dyn/content/article/2006/07/01/AR2006070100864.html</ref> |
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. | 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=== | ===Automobile Accident=== | ||
| − | On the way to an unimportant publicity meeting on April 13, 2007, Corzine ordered his police driver | + | On the way to an unimportant publicity meeting on April 13, 2007, Corzine ordered his police driver 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=== | ===Economic Record=== | ||
| Line 52: | Line 55: | ||
[[Image:Corzine_state_of_the_state.JPG|thumb|right|150px|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 <ref>http://www.taxfoundation.org/files/bp58-es.pdf</ref>, and overall has the highest tax burden in the nation. Since Corzine took office, property taxes have risen 17%, twice the rate of [[inflation]]. <ref>Department | [[Image:Corzine_state_of_the_state.JPG|thumb|right|150px|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 <ref>http://www.taxfoundation.org/files/bp58-es.pdf</ref>, and overall has the highest tax burden in the nation. Since Corzine took office, property taxes have risen 17%, twice the rate of [[inflation]]. <ref>Department | ||
of Community Affairs, Division of Local Government Services Website, www.state.nj.us/dca/lgs/, Accessed | of Community Affairs, Division of Local Government Services Website, www.state.nj.us/dca/lgs/, Accessed | ||
| − | 6/4/09</ref> The state budget [[deficit]] has increased from $3.6 billion to $10 billion. Foreclosed homes have increased 31% and | + | 6/4/09</ref> The state budget [[deficit]] has increased from $3.6 billion to $10 billion. Foreclosed homes have increased 31% and the unemployment rate has risen from 4.8% to 9.3%, higher than any of it's neighboring states. <ref>http://www.christiefornj.com/images/corzinesrecord.pdf</ref> <ref>http://www.nj.com/news/index.ssf/2009/01/nj_unemployment_rate_hits_high.html</ref> In connection with rising jobless claims, Corzine said, "Now the piper is coming home to roost".<ref>http://www.nj.com/news/ledger/topstories/index.ssf/2008/12/surge_in_jobless_claims_taps_o.html</ref> |
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. <ref>http://www.nj.com/news/index.ssf/2009/02/corzine_may_propose_eliminatin.html</ref> Corzine has already cut $382.5 million from the rebate program in June 2008. | 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. <ref>http://www.nj.com/news/index.ssf/2009/02/corzine_may_propose_eliminatin.html</ref> Corzine has already cut $382.5 million from the rebate program in June 2008. | ||
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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> | 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 | + | A poll from Research 2000/Daily Kos conducted in early August shows Christie leading by eight percentage points overall; the margin narrowed in late August after campaign help from [[President Obama]]. |
| − | |||
==References== | ==References== | ||
<References/> | <References/> | ||
| Line 69: | Line 71: | ||
[[Category:Democratic Governors]] | [[Category:Democratic Governors]] | ||
[[Category:Obama Presidency]] | [[Category:Obama Presidency]] | ||
| + | [[Category:New Jersey]] | ||
Revision as of 01:11, August 30, 2009
| 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 | ||
Jon Corzine (born January 1, 1947)[1] is the Democratic governor of the state of New Jersey. He faces a tough reelection battle in November 2009 in the face of economic troubles and a poor performance as governor. He trails in polls showing 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.
Career
Corzine 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 the big Wall Street investment forms 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. Corzine campaigned by linking 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 of New Jersey
Corzine was sworn in as the 54th Governor of New Jersey on January 17, 2006. Upon the closing of his inaugural address Corzine said "I ask you – the citizens of New Jersey, hold me accountable." [4]
Corruption and Scandals
Jon Corzine had a romantic relationship with Carla Katz, president of the Communications Workers of America, a major lanbor union. After living together for two years from 2002 through their breakup in 2004, Corzine paid a $6 million settlement. After Corzine was sworn in as Governor in 2006, Carla Katz maintained contact with him, despite her colleagues warning that the unusual multimillion-dollar settlement could result in a conflict of interest with union negotiations. [5] In 2007 an ethics panel ruled that labor negotiations did not violate the governor's code of conduct. In May 2008, the New Jersey Superior Court ruled that at least 745 pages of e-mails between Corzine and Katz must be made public, however Corzine's lawyers appealed the decision. In March 2009 Katz was expelled from Communications Workers of America after she spent $138,000 on personal and political expenses in violation of union regulations. [6]
In July 2009 a major corruption probe led to the arrests of 44 New Jersey officials, in which 43 were Democrats. A member of Jon Corzine's cabinet, Commissioner of Community Affairs Joseph Doria was raided by the FBI.
Government Shutdown
On July 1, 2006, Governor Corzine was forced to shut down 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 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. [7]
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 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
Under Governor Corzine New Jersey was ranked as the worst business climate of any state by the Tax Foundation [8], and overall has the highest tax burden in the nation. Since Corzine took office, property taxes have risen 17%, twice the rate of inflation. [9] The state budget deficit has increased from $3.6 billion to $10 billion. Foreclosed homes have increased 31% and the unemployment rate has risen from 4.8% to 9.3%, higher than any of it's neighboring states. [10] [11] In connection with rising jobless claims, Corzine said, "Now the piper is coming home to roost".[12]
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. [13] 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. [14] [15] [16] Corzine's record on property taxes and the economy are the number one issues during the campaign. [17]
A poll from Research 2000/Daily Kos conducted in early August shows Christie leading by eight percentage points overall; the margin narrowed in late August after campaign help from President Obama.
References
- ↑ http://www.state.nj.us/governor/about/
- ↑ http://www.cnn.com/2003/ALLPOLITICS/06/13/senators.finances/
- ↑ http://www.govtrack.us/congress/person.xpd?id=300028
- ↑ http://enlightennj.blogspot.com/2006/01/corzines-inaugural-address-as-governor.html
- ↑ http://www.nytimes.com/2007/05/23/nyregion/23carla.html?_r=1
- ↑ http://www.nj.com/news/index.ssf/2009/04/carla_katz_will_have_radio_sho.html
- ↑ http://www.washingtonpost.com/wp-dyn/content/article/2006/07/01/AR2006070100864.html
- ↑ http://www.taxfoundation.org/files/bp58-es.pdf
- ↑ Department of Community Affairs, Division of Local Government Services Website, www.state.nj.us/dca/lgs/, Accessed 6/4/09
- ↑ http://www.christiefornj.com/images/corzinesrecord.pdf
- ↑ http://www.nj.com/news/index.ssf/2009/01/nj_unemployment_rate_hits_high.html
- ↑ http://www.nj.com/news/ledger/topstories/index.ssf/2008/12/surge_in_jobless_claims_taps_o.html
- ↑ http://www.nj.com/news/index.ssf/2009/02/corzine_may_propose_eliminatin.html
- ↑ http://race42008.com/2009/03/13/poll-watch-new-jersey-more-good-news-edition/
- ↑ http://www.politickernj.com/wallye/31284/gop-poll-has-christie-15-points
- ↑ http://www.philly.com/philly/wires/ap/news/state/new_jersey/20090714_ap_pollchristiewidensleadinnjgovsrace.html
- ↑ http://www.politickernj.com/alan-steinberg/30521/governors-race-eight-key-quinnipiac-findings