Here’s our Brilliant Gov: NJ struggling- $33B debt, can’t pay transport. projects, struggling to keep state parks open, cut municipal aid, BUT… lets give $589K to Stemcyte to hire 7 more employees. Can we please just fire him NOW??

Also… did you know that New Jersey lawmakers and Corzine approved $270 million to build five stem cell research facilities in the state – money that they were somehow able to borrow without voter permission.

Very enlightening article by our friends at inthelobby.net

May 2, 2008

Our governor is a man who is committed to his causes.

He gave Democrats some $652,000 last year –nearly $563,000 to state Democrats and $89,000 to Democratic congressional candidates. In 2006, Corzine gave $869,000 to Democrats and party organizations. Since entering politics in 2000, he has donated more than $8 million to state and federal candidates.

He is a strong supporter of Hillary Clinton. (Except when he’s describing the scenarios by which he thinks she should drop out of the race.)

He gave $500,000 to Save Our State NJ, which is his public relations front group that was created to help him sell his 800 percent toll hike plan.

He sent $200,000 to a group that was promoting last year’s ill-fated bond issue to borrow $450 million to hire staff and fund research at the five stem cell research centers the governor hopes to build around the state.

All of these were done with his own money, which is fine. He can spend his money however he wishes, on whatever causes he wishes.

What’s not so fine is when state money somehow winds up funding his pet causes.

So there Corzine was Thursday, hailing the decision by StemCyte Inc., a California-based stem cell research firm to open a New Jersey office with five people, which they say may someday grow to 12 employees.

To help spur this job growth, the governor touted the fact that this firm would receive some $589,000 in state grants, through the Business Employment Incentive Program, which basically is a program that rewards companies that create jobs.

In other words, we’ll be paying this company about $80,000 a person every time they hire one of the seven new employees.

Probably a good chunk of the salaries the company will be paying these folks.

“It does seem questionable to be writing checks to companies that are going to hire 12 people when you’re cutting higher education and can’t pay for transportation,” said Jon Shure, president of New Jersey Policy Perspective.

Seriously.

Listen, this company may be a great investment. But when the state is struggling to find money to keep parks open, and is cutting homestead rebates, that $589,000 sure seems like an awful lot of money to be sending to one firm that is creating just 7 new jobs.

Especially when the state has lost about 10,000 jobs so far this year.

But we have another question.

We all know that our governor can be a bit, well, shall we say tone-deaf politically about causes and people he believes in. (Read Javier Inclan and 800 percent toll hikes.) That if he says something is on the up and up, then he thinks no one should doubt otherwise. That he doesn’t see conflicts of interest involving himself, because, in his mind, he apparently thinks he has no conflicts.

So, is it too cynical to ask whether the governor’s enthusiasm for stem cell research was one of the deciding factors in giving this company a grant?

Voters resoundingly rejected the stem cell research bond issue. From all accounts, the governor was severely disappointed in the defeat. And, apparently, in this case, he counting on the fact that he doesn’t think “No” really means “No.”
“I intend to revisit this issue,” Corzine said at Thursday’s press conference.
“We haven’t crossed that bridge yet. It is in an overall context that we have to look at where we are with regard to revenue growth and the comfort with which we can address additional debt. I don’t think that’s going to be so long.”
Hello?

Did we read that right?

Here he is, trying to soak us all for an 800 percent toll hike over 14 years because he said our debt is strangling us.

And yet, he can’t wait to go out and bond for another $450 million for stem cell research?

“…We have to look at where we are with regard to revenue growth and the comfort with which we can address additional debt. I don’t think that’s going to be so long.”

He doesn’t think that will be that long? But aren’t we supposedly more than $30 billion in debt? And isn’t the only debt reduction plan out there his 800 percent toll hike plan, which is supposed to be politically dead?

Read the rest RIGHT HERE

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