Corzine Now Expecting $4B Obama Bailout
With the Inauguration taking center stage on Tuesday, this little tidbit seems to have flown under the radar. On CNBC’s Squawk Box, Governor Corzine said that New Jersey may receive as much as $4 BILLION in ‘economic stimulus’ over the next 2 years. That’s $4,000,000,000.00. Just last week the Governor announced that he would be seeking at least $300M for FY2010, but somehow this figure has multiplied more than tenfold - across 2 years - in a mere matter of days.
Heck, Obama’s Oval Office chair isn’t even warm yet but our groveling Governor is acting as if it’s a fait accompli. However, I have the feeling our fellow Americans, who are still stewing over the trillion dollar TARP fiasco, might not take so kindly to this news. At the least, it will add more fuel to the fire of a Governor’s race in New Jersey that is already expected to be quite heated.
TRENTON, N.J. – New Jersey Gov. Jon Corzine said the Garden State could receive close to $4 billion in federal stimulus money over two years to help pay for education and health care.
Appearing on CNBC’s “Squawk Box” Tuesday, Corzine called the federal stimulus package being advanced in the House “quite substantial,” but warned that it won’t be a blank check.
“We ought to take this time and make sure we’re reforming government, so it’s not just a bailout,” Corzine said.
Well, sorry to break it to you, Governor, but it is a bailout.
This notwithstanding, how can this even be called a stimulus? Throwing money at education and health care will do little, if anything, to create jobs. In fact, let’s face it. The only job that’s at issue here is Corzine’s.
Suffice it to say, this year’s Governor’s race is going to be one to behold. Most assuredly, Obama will finally make his way to this state – one which he has heretofore had little use for – to bail out Johnny completely by trying to drag him over the finish line in November. Dare I say: ‘Bring it on!’
