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Incomes Drop, Jobless Still Rising, Census Shows

The latest data includes four years of income, insurance and job losses.

 

There was new evidence last week of the damage done by the recent recession.

The U.S. Census Bureau released numerous new social, housing and economic estimates for larger geographic areas, including New Jersey's counties. And the results confirm the pain many are feeling.

Median household income dropped again last year in Morris, Passaic, Somerset and Sussex counties. And it's been a steady decline in three of the four from 2008 to 2011.

In Morris County, the typical household had $91,332 in income, down about $3,000 from 2010 and nearly 11 percent lower than the $102,147 median in 2008. Those changes are in real, inflation-adjusted dollars, so the impact is clear: Morris County households lost about $11,000 to save, invest and spend in just a four-year period.

In Somerset, the loss was about $8,000, or 8 percent, from more than $104,000 in 2008 to $96,360 last year.

Households in Passaic suffered the greatest percentage loss—nearly 13 percent—with income dropping from almost $60,000 to $52,382 last year, with a loss of more than $3,000 between 2010 and 2011.

Only in Sussex County did the inflation-adjusted median household income rise from 2008 to 2011—by 1.4 percent or a little more than $1,000 to $83,839. That's likely not enough to cover the four-year property tax increase on the typical home, never mind higher food and gas prices—during that time period, the inflation rate was 4.5 percent. Sussex County did have a one-year drop in income of $6,000.

Not surprisingly, at the same time, the Census estimates that in most cases, unemployment, the percentage of people without health insurance and those living in poverty all rose at the same time.

Five years ago, who could have conceived that 5 percent of the people in two of the richest counties in America would be considered poor by the federal government's terribly inadequate measure—the U.S. government only considered you poor if you had $22,350 or less in income last year?

In Passaic County, nearly 2 of every 10 people live in fear of illness or injury, as they have no health insurance.

The ramifications of all the data are clear.

When the uninsured get care, they tend to go to an emergency room, which has to treat them. So who pays?

Everyone does.

Through higher bills—doctors and hospitals have to recoup their costs.

Through higher insurance premiums—insurance companies want to keep their profit margins high.

Eventually, government has to pay, in one way or another, to make up for increases in unemployment checks and food stamps and other programs that help the poor.

The same day Census officials put out these estimates, New Jersey released its latest unemployment figures: The number of people without jobs inched up to 9.9 percent. Nearly 1 in 10 New Jersey residents who are in the job market, seeking employment, can't find employment—more than three years after the supposed end of the recent recession. And that's only a measure of those in the job market, looking for work; it doesn't account for those who have given up.

Last week's economic news wasn't much different than it's been for the last few years: It seems like it's been nothing but bad.

It's way past time to change that. Politicians at all levels of government need to do more to help turn the tide and bring good economic news to New Jersey fast.

Related Topics: 2010 census, Income, and Unemployment
Has your income declined over the last four years? Tell us in the comments.

Maura Souki

1:41 pm on Sunday, September 23, 2012

Change starts at the top! Jon Corzine sold New Jersey down the river and now is in hiding! How come he is not held accountable, especially by those who report?

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J

2:31 pm on Sunday, September 23, 2012

Why is it that the same people who blame Corzine, not Christie, for NJ's current problems are also the first to claim that Obama can't blame Bush for wrecking the national economy (although that's precisely what Bush and his banker friends did)?

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stewart resmer

2:39 pm on Sunday, September 23, 2012

I could say the same for George Bush who took a historic surplus and sqaundered it in to the highest defeicit in the history of the world while at the same time he ran up $800 Billion off the books in what as been termed a creative book keeping gimmic to pay for his Iraq serendipity and, that this week the republicans blocked $1 Billion for a veterans jobs act bemoaning the bill as fiscal irresponsiblity?
As all of this was going on of course it was none other than the vulture capitalist corporate raider, jobs exporting offf shore tax sheltering Mitt The Twit Romney who now describes the very people whose jobs he sent over seas from the companies he bankrupted who now wants to be POTUS?
Mr Chrisite has had the reigns of the governorship for several years now and speaks of the agenda he visions, but has been woefully ineffcetive to staunch the red ink.

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Dan Grant

8:17 pm on Sunday, September 23, 2012

The fact that Christie is a Republican Star shows the lack of debth in the the Republican bench. His record in NJ is 9.8 percent unemployment and a rises in the property taxes he said he would lower. He killed a tunnel project that would have created jobs and pure incompetance lost the $400 Million race to the top money that would have helped out our schools. His Convention speech told the story of Christie in that it was all about him.

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Dead Hoffa

8:47 pm on Sunday, September 23, 2012

Dan, your attitude is what exactly is killing this country. Spend more money that we clearly do not have to build a tunnel to create jobs that we CANNOT pay for. We need to cut the crap out of everything, work hard and get out of debt!!!!
Everything else will then take care of itself.
More education, kind sir is NOT going to straighten out this huge mess.
While you are at it please tell your Obama friends to start buying American vehicles....profits need to stay here!

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stewart resmer

8:57 pm on Sunday, September 23, 2012

Dead your attitude is exactly whats killing this state, I ask you to recall the noble hearts that first set out to sea in a boat, and when they landed here they set their hands to work to build up a nation. And when the time came they declared their independence and fought for it.There after we were engaged in a great civil war to determine whether that nation, or any other nation could long endure. Along came the industrial revolution and two world wars, when the greates industrail expansion on the face of the earth when a sleeping giant was awakened.
A young president spoke of going to the moon not because it was easy but because it was difficult.
Today it would appear that some one has has either a crisis of confidence in New Jersey or analysis paralysis.

Dead Hoffa

10:17 pm on Sunday, September 23, 2012

go to bed stewart and sleep it off........

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stewart resmer

7:10 am on Monday, September 24, 2012

Dead, this is the high political season of our time. There is no time for sleep so long as the republic is at peril from the malcontents of the extreme right who would take the highest surplus in the history of the nation and squander it under Bushco into the highest deficit in the history of the WORLD, plus an $800 Billion off the books more for war, only to now watch this governor have no faith in the determination grit and strength of The People of New Jersey as he wilts like a pansie in the sun.
California 's Governor Jerry Brown has commited to not just a high speed rail that runs the spine of the state. Along two water bearing tunnels at $14 B apiece to be afford by private interests that are desperate in the south for the life giving water.
This mind you as that state carries a $16 B deficit, so much Brown believes in the dynamic economic force that The People represent, as here this governor defers the future.
You sleep, we march.

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Jack K

8:31 am on Monday, September 24, 2012

You love to continually promote Jerry Brown, the governor of the state that is on the verge of bankruptcy. Which explains why you are perfectly content with the current administration. You love to keep blaming Bush, which admittedly deserves some blame. But you fail to remember that the House and Senate were were Dem run for 4 straight years as the country went off the cliff. While Bush deserves blame, lets not forget to include those from your side as well. Or are you unable to concede that? Or concede that Obummer has not signed a budget in 4 years? Or that the one he hand crafted was shot down 97-0 in the Senate? Not one Dem voted for it because it was so bad. Now the Middle East is burning and he sits and does nothing other than complain that CNN published that the Ambassador knew he was a marked man and the current admin did nothing to protect him.

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stewart resmer

9:15 am on Monday, September 24, 2012

Jack guess you missed the reference to the drunken sailor Bush and the gop enablers who not unlike the captain of the Titanic slammed the republics economy on to the rocks and now bemoan the wreckage?
Get of the gop crack pipe of blame and get in there and face the damage done by the gop who even tried to push the nation in to default, and oh yes even New Jersey under this governors leaderdship's credit rating took a no confidence hit as the governor p[roposes making it a felony to reveal the thet states financial realities?
Lead follow or get out of the way sound familiar, atleast Brown audaciously leads after the Governator slinks out the back door like Bush did.

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Jack K

10:04 am on Monday, September 24, 2012

Stew, it was all Bush and the Governator and Christie's fault? I forgot Wille Brown, Jerry Brown, and Corzine were the most fiscally responsible people in the world, right? I guess when you can't defend Obummer you keep blaming Bush. And I agree that Bush is partly responsible, but lets not forget who created all these spending measures. And wasn't it Queen Nancy and Lord Harry who said that with every dollar spent, there would be a dollar cut somewhere? How's that working with over 16 trillion in debt and climbing. Obama is a deer caught in the headlights and doesn't know what to do.

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stewart resmer

2:16 pm on Monday, September 24, 2012

least we forget that the Chritie adminsitraion for its opning act bungled a $500 Million dollar education grant and lost that money from the fed, for it second high wire act, he cancelled the tunnel which meant NJ had to return $375 million dollars, can you add? I ask because Bill Clinton at the dem convention questioned the collective gop's ability to count?
Now as NJ and several other states nixed off high infrastructure fed grants totaling multiples of tens -O- billions?
It is none other than Californias Jerry Brown who has been the beneficiary of those refused monies? Whose the stupid? The GOP who cuts their nose off to spite their face I say and in those staes the infrasturcture crumbles, bridges collapse like a 1950 built Tappan Zee road bed!

Create this

8:02 am on Monday, September 24, 2012

No job, no health insurance ? Start by having less or no children. You also do not need a house you cannot afford and all the crap that fills it. On the government end- governments do not create jobs- this is a ridiculous fallacy. Jobs are created by those of us who run companies that supply a product to the population at large- no demand = no jobs. Tax us to death and squander the money in nonsense like tunnels and bridges for no good reason, while racking up giant deficits, the motivation to work and create jobs decreases even more. The vast majority of Americans need a lesson in basic economics before this country collapses under the weight of it's own collective stupidity.

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stewart resmer

9:26 am on Monday, September 24, 2012

yeah lets not build up a nations infrastructure on stupid things like roads and bridges and tunnels and hey tell the catholic church procreation is soooo wrong? go ahead create, I'll sit back and split a gut as you do! No really go ahead I am watching and reading, this should prove to be amusing!

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Dan Grant

11:47 am on Monday, September 24, 2012

Create This, did you build your business on an island or does a road pass by. Do you use the internet first developed by research at Universities. Do you use rail or public transportation to further you business. I love your China policy on children at one only or maybe none. If Governments don't create jobs than why is Obama being attacked for lack of job growth. Tax us to death ? Like Romney is taxed ? You are right about one thing and that is demand and Republican obstructionism is killing the greatest potential for demand and that is a strong middleclass.

Jennifer Dowd

8:44 am on Monday, September 24, 2012

It is past time that we change, but I am not willing to leave it up to only the politicians. For those of you who are interested in finding creative ways to support each other. I'd like to invite you to the event below.
-----
Please Join Us
A Community Gathering: Visioning Hillsborough’s Future
On Monday, September 24th, 2012
7:00 pm - 8:30 pm

Hosted by Township Committee Candidate Judd Mandell and Jennifer Dowd. You are invited to attend this dynamic discussion. We will identify our shared interests, define success for our community, and examine our current reality. Help build shared priorities for a shared town.

Tea and desserts will be offered. All residents welcome to attend. This is the first of a 3-part session.

24 Fieldhedge Dr
Hillsborough, NJ

RSVP via phone or email to: Jennifer
greeneroranges@gmail.com
(c) 773-682-8125

Discussion facilitated by Jennifer Dowd and Annalise Silivanch, certified trainers in sustainability. For bios or more information, call or email.

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stewart resmer

9:28 am on Monday, September 24, 2012

Woodland Park Democrat Phone Bank:
668 Mcbride Ave Woodland Park NJ 07424

Sept 24th 3 PM

Maura Souki

11:12 am on Monday, September 24, 2012

Hey J, Resmer, Grant where praytell is Jon Corzine and why do you refuse to hold this man accountable for the horrific condition of our state? You folks are pathetic in your "it's Bush's fault" mentality. It's tiresome and stale.

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J

10:28 pm on Monday, September 24, 2012

If "it's not Bush's fault" because he's no longer in office, then it can't be Corzine's fault, either. I'm just saying be consistent.

Nose Wayne

11:19 am on Monday, September 24, 2012

Stewart, DON'T PHONE ME, I'll just hang up on you.

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Nose Wayne

11:23 am on Monday, September 24, 2012

THANKS MAURA, he needed that. Always putting the blame on this and that one. Where did Jon put all that money that is so called MISSING ?

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stewart resmer

11:39 am on Monday, September 24, 2012

Maura he was voted ot of office, Mr Chrisie is governor now? Where is he? Ohio? Iwoa? Disneyland?
What we see here is that Mr Chrisite got himself elected and for what ever reason, things have gotten worse so its Corzine? And not Bush who ran up an $ 800 BILLION dollar off the books debt and some how this was not going to damage the economic vialbility of the nation?
But here in NJ for the very 1st time in the history of the state a governor will not advance the march of progress with investment in the infrastructure?

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Jack K

12:36 pm on Monday, September 24, 2012

Truly remarkable that you have constantly been blaming Bush for the country's problems, yet no one is allowed to blame Corzine for NJ's problem! Totally hypocrisy by the left once again. If you are doing a head count, where was Obama when our consulate in Libya was under attack? Golf course? Vegas? partying with Jay Z and Beyonce @ $40,000 a head? All of the above?

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stewart resmer

1:09 pm on Monday, September 24, 2012

Bill Kristol: ‘Obama team turned around’ Bush’s financial meltdown http://www.rawstory.com/rs/2012/09/23/bill-kristol-obama-team-turned-around-bushs-financial-meltdown/
Uh Jack? yer a Demagogue on the Libyan attack when it was Bush that was in office on 911 so please, stop cheap low life comments. In response to the attack in Libya free Libyans rose up this last weekend and have begin purging Benghazi of armed militias there. US embassies across the globe are not fortified compounds bristling with barbed wire and machine gun nests to begin with. They are diplomatic missions that represent and project American interests.
Yes, I do hold Bushco accountable and most at fault for an $800 Billion dollar off the books accounting gimmick that has left generations yet unborn to shoulder. And along comes your crowd who acts like the defecit does not exist but rather it is a sitting president and a past governor and not a sitting governor who ran on the plank that he was going to stop the red ink, but has not. Your crowds selective amnesia does not go by un noticed at all despite your denials and attempts to redifine the facts to fit your political agenda.

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Jack K

1:50 pm on Monday, September 24, 2012

So, since Bush was in office during 9/11, no Republican should ever criticize anything that happens during the Obama administration? That's asinine even coming from an MSNBC loving moron like you. While a consulate is not fortified as an embassy, you certainly would think that security would be beefed up on 9/11 especially when there was intel 3 days earlier. Of course, the Prez wasn't at the intel briefing, as usual. Your complaining about Christie because he ran on a platform that he was going to fix things. Didn't Obama say immigration reform was one of the first he was going to get done, reducing the deficit in half lowering unemployment significantly and if he didn't he should be a one term president? Or do you have selective amnesia. The only reason unemployment has gone done is because so many unemployed have stopped looking. If you want Christie to take responsibility, then you should insist your President should do the same.

stewart resmer

12:27 pm on Monday, September 24, 2012

Ryan: Conservatives Complain By Nature

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Jack K

1:28 pm on Monday, September 24, 2012

Now this: Obama to cut healthcare benefits for active duty and retired US military, http://freebeacon.com/trashing-tricare/. Should we make a political ad with Obama/Biden pushing our great military people off a cliff?

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stewart resmer

2:01 pm on Monday, September 24, 2012

do what ever you see fit jack- but so long as we are talking vets benefits>
YOUR VIEW: Alabama Sens. Sessions, Shelby hypocrites for no votes on vets jobs bill

The Birmingham News - al.com (blog) - 7 hours ago
The 40 U.S. senators who killed the bipartisan-written Veterans' Job Corps Act last week, including Alabama's Jeff Sessions and Richard ...

Republicans turn their backs on veterans: vote down jobs bill for our vets

Washington TimesVeterans Job Corps Act dies in Senate - Army News | News from ... www.armytimes.com/news/2012/09/military-veterans-job-corps-act-senate-09191...
5 days ago ... The Veterans Job Corps Act died in the Senate Wednesday on a ... Jeff Sessions, R-Ala., that the $1 billion in costs, although paid for through ...

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Dan Grant

3:12 pm on Monday, September 24, 2012

Stewart, Thanks for the link. What these Republicans and a lot of other people fail to understand is that sudden policy changes like tax cuts for the rich and wars without end, (remember they called it the "Bush Doctrine") are a lot harder to dig out of than simply waving a magic wand. I was in Office when the Whitman Administration damaged property tax payers so badly in an effort to look good with a State Income Tax Cut. We still feel the effects of that today and Christie wants to go down the exact same road. Bad policy can last for years as it did with Whitman and Obama is still having the Bush wars and tax cuts held against him by Republicans. The wars were unfortunately bi-partisan but the tax cuts were all on the Republicans.

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stewart resmer

5:03 pm on Monday, September 24, 2012

dan its all in the public domain for all to discover but of course as scripture says long written down, none so blind as those who will not see, nor hear.
And speaking of doctrine, the Kissinger Doctrine called for low intensity engagement as a substitute for large land armies in battles scanarios no longer appilcable, and what happend? Bush the younger committed to a great land engagement ignoring the accepted logic for 8 years at terrible expenditure of treasure and blood as these pups bemoan the after effects and defend the woefull lack of audacious leadership by the excutive in Trenton during challenging times

Jack K

2:21 pm on Monday, September 24, 2012

Maybe read the article instead of the headlines. The bill violated spending limits created earlier this year. Also, there are already 6 jobs bills for veterans. Maybe we should let them work before we keep spending money and creating more programs.

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stewart resmer

2:34 pm on Monday, September 24, 2012

hey dont blame me for the gop hypocracy when it comes to veterans, I am sure every news source for pages and pages when you google this is a dem msnbc sympathizer I guess you should contact all of them, get back to me when you do okay jack? Cause of course you and the other right wing propagandists cant be wrong right?

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Jack K

3:25 pm on Monday, September 24, 2012

I guess so, Stew because in all your posts, myself and all the right leaning posters are either wrong or extremists. And you and any left leaning poster are always correct. And when you can't win an argument with facts and logic, you resort to name calling. Hence the polarization of America.

Prentiss Gray

3:00 pm on Monday, September 24, 2012

I think it's exactly this kind of "back and forth" that does the most damage to our progress. Staying local for the moment I got an email from the Township Committee last week that said that almost a third of Morris County residents have incomes that fall below the level of self sufficiency. The food bank is distributing food at record levels.

Although it's tempting to blame this on the governor (past or present) what are we going to do about it? The blame game goes on forever but does little to solve any problem. We have to work with the government we have. Unemployment is going up around NJ, so how do we fix that? (P.S. It's not blaming someone, or being outraged)

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stewart resmer

5:17 pm on Monday, September 24, 2012

Prentiss, I am sympathetic to your view expressed her, but The Party Of No has obstructed the economic recovery attempts by this adminsitration after having nearly pushed the nation into default to attempt to destroy a presidency rather than act in the best interests of the republic in a statesman like manner.
And so, as far as I see it the line is drawn for the new civil war between the extreme right wing who seem to be hell bent on a suicidal scorched earth policy.
Dealing with the gvt we have means tax cuts for the uber wealthy and saddle every one else to pay for it including the Bushco $800 Billion.
Its time to push the obstructionist extreme agenda aside because there are no moderate republicans to compromise with any longer, they have been turned out.

Nose Wayne

5:14 pm on Monday, September 24, 2012

Jack, you shouldn't pick on Stewart, he NOSE ALL the answers. Ask him, he'll tell you.Prentiss Gray, ask Stewart, he has ALL the answers, he NOSE, right Stewart or is that left ?

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stewart resmer

5:21 pm on Monday, September 24, 2012

when you are of the mind to use your true and correct legal name nose picker then you'll be taken seriously as your juvenile comments rate, till then review your republicans of note here:
http://republicanoffenders.com/

Nose Wayne

5:25 pm on Monday, September 24, 2012

YOUR RIGHT JACK,HERE COMES THE NAME CALLING, GROW UP STEWART !!!!!!!

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stewart resmer

5:34 pm on Monday, September 24, 2012

like I said, when you are of a mind to come out from behind your juvenile alter ego

stewart resmer

5:37 pm on Monday, September 24, 2012

Workers beg Romney to stop latest Bain outsourcing
Being told to train his replacement was humiliating and surreal, but Tom Gaulrapp said the worst part was when the plant’s US flag was taken down before the Chinese engineers arrived.

Gaulrapp decided it was time to take a stand against outsourcing and the man he blames for the loss of his job: Republican White House hopeful Mitt Romney, who founded the private equity firm that owns the Freeport, Illinois auto parts plant.

Romney’s ties to Bain Capital have burdened the Republican nominee’s hopes of winning the November 6 election as Democrats unfavorably paint him as a corporate raider who pioneered the outsourcing of US jobs to countries with lower labor costs.

Romney denies the charge, but his claim to be a man who could revive the economy and boost the prospects of American workers rings hollow here.

rawstory.com

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stewart resmer

5:43 pm on Monday, September 24, 2012

Romney: Health care ‘through emergency rooms’ is sufficient

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Nose Wayne

5:45 pm on Monday, September 24, 2012

Stewart, If you don't have anything nice to say to somebody, don't say anything at all. HAVE A NICE DAY !!!!!!!

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stewart resmer

6:03 pm on Monday, September 24, 2012

Mitt Romney Sincerely Hates You
http://www.rawstory.com/rs/2012/09/20/mitt-romney-sincerely-hates-you/
We went through this process with John McCain, who was applauded as a reasonable conservative, and then exposed to be a seething mass of anger and resentment against ordinary Americans just trying to get by. And we’ll probably go through it again in 2016. But I just want to be clear: Beyond learning this about Romney (or McCain or whoever), we need to realize this attitude of obsessive sneering at the lower classes is what being a Republican is about. And it’s a problem that actually echoes through the classes. Wealthy Republicans sneer at everyone. Upper middle class Republicans (and sadly, some Democrats) sneer at the lower middle classes, and see them as crass and wonder why they don’t just get a little better. Middle class Republicans generally obsess over why service sector employees aren’t more docile and cheery. White working class Republicans obsess over what the poor are doing, especially if they’re poor people of color. There aren’t really poor Republicans, so I think I can finish up with that. If there’s any doubt that this is their favorited form of discourse, I invite you to go to Facebook and look at what the Republicans you know are talking about.

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Clowns

9:51 pm on Monday, September 24, 2012

Stewart and Dan, your simplistic viewpoints belie a lack of understanding. There is no problem with infrastructure building, it is when it provides no appreciable return, construction for constructions sake is wasteful. If you think chinas childbirth policy is anything other than the wave of the future, you are sorely mistaken. It may not come to pass in my lifetime, but the world is finite, this is a fact. As far as obama being called out for not creating jobs- not his fault, but he still needs to go, and if you are a net payee to the government than to think otherwise is foolish, especially if you reside in this area.

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stewart resmer

6:54 am on Tuesday, September 25, 2012

'Apple co-founder Steve Wozniak wants to become an Australian citizen: reports
cites no broadband access where he lives due to single line as Australia proposes state of the art infrastructure broadband.'
Guess Wozniak isnt clowning around and neither is Australia huh?
In other news, Gov Chrisitie sez if the election were held today, that would be a problem.

mojopin12

11:09 pm on Monday, September 24, 2012

The biggest threat to America today is the american people themselves. We are self serving, egoist society, rampant with narcissism. We will get the leader we deserve, Obama, and then we will reap the consequences in kind. Good luck everyone.

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Bobby P

7:30 am on Tuesday, September 25, 2012

Stew and Dan, from where do you think this money comes? It comes from us taxpayers. I know you think that the Fed can just keep printing money and de-value our dollar until its worthless. The true fact of the matter is that the country and the states don't have a revenue problem, we have a spending problem.

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stewart resmer

10:05 am on Tuesday, September 25, 2012

Bobby whoa, where did Bushco think the $800 Billion off the books war money was coming from is the 1st question?

Captial for infrastructure usually comes from sales of bonds.

Christie on the run as N.J.'s credit rating drops | ... www.newjerseynewsroom.com/state/christie-on-the-run-as-njs-credit-rating-dr...
5 days ago ... Christie on the run as N.J.'s credit rating drops ... Christie has got his work cut out for him. ... In a statement Wednesday, S&P said it may lower the rating “should state revenue projections turn out to be optimistic, resulting in ...

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Bobby P

11:24 am on Tuesday, September 25, 2012

Actually Stew, your question is the second question. You never answered the first question. Your rationale that Bush did it so its ok that Obama does holds no water. The infrastructure jobs that you bemoan are not from the usual bond sale, they were from the bailout. Who funded the bailout? The taxpayers. So why don't you answer the first question?

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stewart resmer

11:46 am on Tuesday, September 25, 2012

Bobby, the fed extended 375 hundred millions dollars for the cancelled tunnel by Mr Christie with that money going back to the fed, it had nothing to do with any bail outs. Mr Chrisites administration also lost 500 million in the education grant debacle.
Here in Wayne NJ there is a decades old hue and cry for a tunnel that will alleviate the flooding costing not just home and business owners many millions in damage and loss but the taxpayers as well, and it is highly unlikely Mr Chrisitie will afford this during his tenure.
And as this continues, there will be no economic recovery here because this governor has a crisis of economic confidence in NJ and will neither lead follow or get out of the way as the obstructionist GOP has revealed itself to be these last 4 years.

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Bobby P

12:25 pm on Tuesday, September 25, 2012

Again, Stew, where do you think the 375 million and the 500 million comes from? These are not bonds, these are tax dollars. Tax dollars come from tax payers. Try to follow along. I'll type slowly so you can keep up.

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stewart resmer

12:48 pm on Tuesday, September 25, 2012

no bobby you asnswer the question where did the bushco 800 billion come from, where did the clinton surplus go, where did the bushco historic deficit come from, and who lost out on a billion dollars of chrisite administration ineptitude when the tunnel money had to be refunded to the fed, and which schools and students lost out on a 500 million dollar grant.
these are the financial facts of a long train republican ineptitude that you refuse to acknowledge

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Bobby P

1:03 pm on Tuesday, September 25, 2012

First of all, I will never deny that Bush wasn't fiscally responsible. And the Clinton surplus, which was create thanks to Newt Gingrich, was dissipated when Clinton put us in a recession. Why don't you look those historical facts up? And maybe if Corzineco and McGreeveyco didn't spend up all our NJ tax dollars cowtowing to the unions, you remember, right Stew. Corzine was sleeping with the head of the Communications union before they got a nice fat contract? And Stew, how has Obummer led? He has followed in his foreign policy by diminishing our standing as a feared super-power. Yes he got OBL, but they just got 4 of ours. Or has MSLSD not reported that to you.

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stewart resmer

1:06 pm on Tuesday, September 25, 2012

$800 billion increase in the national debt limit

Administration Is Seeking $700 Billion for Wall Street - ... www.nytimes.com/2008/09/21/business/21cong.html?pagewanted=all - Similarto Administration Is Seeking $700 Billion for Wall Street - ...
Sep 20, 2008 ... The Bush administration is requesting virtually unfettered authority ... along with an $800 billion increase in the national debt limit — was approved in July. ... “ There are going to be federal tax dollars buying up some of the bad ...

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Jack S

1:29 pm on Tuesday, September 25, 2012

Bobby P, it is all Bush's fault. Stew is right. Obama was dealt a terrible hand to fix. Just kidding! Stew, you seem to be the type of person that never lets the facts stand in the way of an argument. While you can continue to use what the Bush administration did to justify what the Obama administration has done or not done, but you fail to answer the basic question, why? Why is it ok for an administration to spend and devalue currency at an alarming rate just because a previous administration did? Would you accept the argument that since Clinton slept with an intern, it is ok for every President to do so? I think not. Obama ran on a campaign of hope and change and has not delivered on either. Our economy is not stronger, our image is not stronger, especially in the Muslim world, which he said would happen on Day 1 in office. On the other hand, you blame Christie for the state of affairs in NJ, but you conveniently let the past administrations off the hook, except for Whitman, which isn't a surprise. After reading several of your posts over a myriad of issues on this blog, I have come to the conclusion that you are a bitter man who is trying to take the place of Art Smith as the town watchdog. You find fault with the police, the current town administration, voting rights, and the people of Packanack Lake to name a few. While Art was for challenging the administration, he was always respectful. You sir are no Art Smith.

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stewart resmer

1:37 pm on Tuesday, September 25, 2012

The Epic Failure of Republican Trickle Down Economics
As the historical record shows, from economic growth and job creation to stock market performance and just about every other indicator of the health of American capitalism, the modern U.S. economy has almost always done better under Democratic presidents. Despite GOP mythology to the contrary, America generally gained more jobs and grew faster when taxes were higher (even much higher) and income inequality lower. And while the U.S. recovery from the Bush recession remains painfully slow, most economists - including the nonpartisan CBO and some of John McCain's own 2008 advisers - believe President Obama saved it from the abyss.

http://crooksandliars.com/jon-perr/epic-failure-of-republican-trickle-down-economics

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Jack S

1:59 pm on Tuesday, September 25, 2012

I must concur with Nose: blah, blah, blah.... Another quote from a leftie website. Here some real quotes from this administration: " I believe in re-distribution", "If I can't cut the deficit in half and have unemployment under 8%, I don't deserve a second term", "they are not terror attacks, they are man caused disasters", "Ft Hood wasn't a terror attack, it was workplace violence", "KSM and the other 9/11 terrorists will be tried in NYC". No myths, although I wish they were, real words by an over-matched administration. I would have included Biden's gaffes, but I feel that I won't have enough room.

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stewart resmer

2:03 pm on Tuesday, September 25, 2012

The human capacity for self-delusion never ceases to amaze me, so it shouldn't surprise me that so many Republicans seem to genuinely believe that they are the party of fiscal responsibility.

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Jack S

2:24 pm on Tuesday, September 25, 2012

I don't remember anyone saying the Republicans were the party of fiscal responsibility. All politicians are responsible for the mess we are in. You live in a world where it is someone else's fault and have an incessant need to blame and accept no responsibility. You do not hold the current Presidential administration responsible, you blame Bush. You blame Christie but you don't blame Corzine. I'm not sure if you are just a hard core Democrat or you are a hypocrit. I don't expect an answer because all your ilk ever do is question, never come up with answers.

Nose Wayne

11:34 am on Tuesday, September 25, 2012

Bobby, Because all Stewart does is BLAB,BLAB,BLAB. He just has BUSHCO and his 800 Billion in his head. Must be the cowboy hat ? Way too tight.

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Jack S

2:44 pm on Tuesday, September 25, 2012

You apparently just received a new shipment of tin foil hats. Beam him up boys.

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stewart resmer

2:46 pm on Tuesday, September 25, 2012

Republican Deficit Hypocrisy
Recall the situation in 2003. The Bush administration was already projecting the largest deficit in American history--$475 billion in fiscal year 2004, according to the July 2003 mid-session budget review. But a big election was coming up that Bush and his party were desperately fearful of losing. So they decided to win it by buying the votes of America's seniors by giving them an expensive new program to pay for their prescription drugs.

http://www.forbes.com/2009/11/19/republican-budget-hypocrisy-health-care-opinions-columnists-bruce-bartlett.html

Jack S

2:57 pm on Tuesday, September 25, 2012

Oh, so I see what your saying, that similar to 2003, Obama is giving away expensive programs to his base to shore up their vote for the election. Finally you are making sense. Because the Obama administration was projected to have the largest deficit in American history and has a big election that he's afraid he is going to lose. Should we include an attack on a consulate that he wasn't sure if it was a terrorist attack, but 10 days later, according to his spokesperson, it was self evident that it was a terror attack. Now I'm with you Stew. What other similarities can you conjure up between Bush and Obama?

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stewart resmer

3:21 pm on Tuesday, September 25, 2012

Using american deaths to make some statement here only underscores the despicable sort of character you surely are.

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Jack S

3:33 pm on Tuesday, September 25, 2012

Well, my first reaction is, I know you are but what am I? Actually your statement shows how blinded you are. You should be ashamed of this administration's handling of the economy, foreign affairs and the wars. But as usual, when you can't foster an argument, you name call.

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stewart resmer

7:53 pm on Tuesday, September 25, 2012

Oh jack you are breaking my heart you know that? I never intended to bruise and offend your sensibilities for refering to you as a demagogue when you use the spilled blodd of Americans to push your personal agenda?

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Jack S

7:33 am on Wednesday, September 26, 2012

Sorry for the late response. I was home clinging to my guns and religion. Your response is typical of the Dems. When something offensive is said, the Dem response is the non-apology, "I'm sorry if you're offended." As usual, you continue to ignore all facts pertaining to the current administration. This is Obama's economy, not Bush's. This is Obama's war, not Bush's. I understand that your life was better 4+ years ago, but remember, you voted for him (if you are eligible to vote in Wayne).

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stewart resmer

8:49 am on Wednesday, September 26, 2012

No Jack a typical republican response is what you have enetered here, when it was Bush's war in Iraq for WMD's that did not exist, we were un american to disagree, when it was Bush that ignored Afghanistan where the 911 plot was first hatched, we were told a surge was needed, now that the troops have come home from Iraq and are to rotate out of Afghanistan, it is the Obama Biden team that has the fiduciary reponsibility to do so in a reponsisble manner and they are,
As the right called for war and more war, cooler heads prevailed in the overthrow of the Libyan despot and today the Libyan population who lament the loss 'of a friend' of Benghazi ,have risen up to drive out outlaw elements.
As their leader there pledges that justice will be served.
The Bushco ($800-Billion) bankruptcy of the American economy was not done on Obama-Bidens watch and in the examples I have referenced above time and again we read of the opinions that give credit for this administrations economic stewardship. Least we forget the GOP's attempt to push the nation in to default earlier this year?
You are a one trick pony Jack and you will ride that down to defeat because you have nothing more to articulate.
BTW? Obama-Biden up 8 in the polls.

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Jack S

10:41 am on Wednesday, September 26, 2012

Well, I'm glad you think the Libyan President is our friend, since when he announced it was a terrorist attack, the Prez said it wasn't and still won't call it a terror attack. Not to friendly on his part. Just watch The View from yesterday and his UN speech. Although, I'm sure you catch the View everyday. By the way, where was the Libyan security, or the Egyptian security. Great they showed up a week later. As far as bankruptcy, the Prez, when he was a junior Senator thought it was irresponsible to raise the debt ceiling. Guess he was going to flip-flopping classes with John Kerry at the time. And while we are on bankruptcy, remember how the Prez said we couldn't let GM go bankrupt, gave the another 26 Billion, then let them go bankrupt. But let me ask you this, if Obama gets re-elected, who will he blame for the previous 4 years?

Marvic

4:36 pm on Tuesday, September 25, 2012

We can talk all we want about who caused this mess, who's fault it was. You can go back to Bush and Clinton, both doing things that probably did more harm than good, in hindsight. You can say a lot about Reagan and how he failed to see China coming. You can go back to the de linking of dollars to gold that led to total credit expanding from $1 trillion back in 1970, to $50 trillion today. And you can't say we only have a spending problem and not a revenue problem. We don't collect nearly enough in taxes that we should. And if we have a spending problem, we all know it's a war spending problem. There's overwhelming evidence that spending on productive parts of the economy leads to growth, which is the ONLY way to get out of this mess. Even some conservative economists are saying this now. The government sector is 20% of our economy.Cutting spending, especially now, would spiral us into a depression.

I'm not taking sides here, but it's nearly impossible to wean off government support (for consumers and corporations) given our size. There's no general public support for that, and it would be like committing suicide. No politician is actually going to cut spending dramatically, I don't care what they say. It's unpopular to say this, but massive spending is needed if we even want to have a chance to get out of the current crisis.

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1:03 am on Monday, December 3, 2012

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