Sunday, July 5, 2015

Outlook 'negative,' but Christie positive

More bad reviews from Wall Street

Outlook 'negative,' but Christie positive

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Chris Christie's "Jersey Comeback" tour may be on hiatus, but it keeps getting bad reviews from Wall Street anyway.

"Outlook on New Jersey Revised to Negative From Stable On Structural Imbalance And Optimistic Revenue Assumptions" Standard & Poor's proclaimed Tuesday, becoming the third credit rating agency to reality check the Christie administration's fiscal rosiness.

Hosting his upbeat, if clunkily titled, "Middle Class Reform Agenda: The fight worth having" road show in Elmwood Park Tuesday, the governor didn't mention the latest Wall Street critique. Which  in itself was uplifting, given Christie's penchant for attacking professionals who dare to question his numbers. 

Meanwhile, having pretty much dismissed negative reviews of Barack Obama's starring role in the anemic (if not, intangible) national economic recovery, Jersey Democrats eagerly embraced the latest thumbs-down from Wall Street.

Which led Monmouth County Republican Declan O'Scanlon, the Assembly's budget officer, to lambast the lambasters.

"To see this kind of political opportunism and rooting for failure...is disgraceful," he said, before proceeding to assail the Democrats for ignoring "anything positive about our state's fiscal condition."
Photo: Mitsu Yasukawa, the Record

Inquirer Columnist
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Blinq is a news commentary blog featuring contributions from Inquirer Metro columnists Kevin Riordan and Daniel Rubin.

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