NJ's Chris Christie – The Wrecking Ball Governor

NJ Governor Chris Christie is as close as you get to a heroic politician these days regardless of whether you are a Democrat or a Republican. He’s actually applying the tough love that his colleagues all talk about and saving his home state.  He came into office with the promise that, even if it meant he’d be a one-term governor, that damn state budget was getting balanced at no additional cost to NJ employers and homeowners, period.

On June 28th, 2 days early, Christie rammed through a budget for the state that closed an $11 billion deficit without any new taxes or tax increases. Christie talked tough with the labor unions and the benefits/entitlements crowd and came through for his state.  His theme is that the public sector needs to suffer a bit and share some of the sacrifice with the bedraggled private sector that pays for it.  This is, of course, the most rational way of coping with hard times.

I told you back in April that this guy was gonna be killer, see here:

Yo NJ, Wanna Trade Governors?

Christie is the Anti-Europe, taking things away that the people simply cannot afford to pay for any longer.  He is also Anti-Stimulus on a national level, which should not be surprising given his ideology of responsibility.

If he is now politically successful, his actions will strengthen the resolve of other politicians around the country and show them, by example, that you can do the right thing without torpedoing your career aspirations.

Here he is discussing his achievements, facing off with the teachers’ union and speaking the truth…

This content, which contains security-related opinions and/or information, is provided for informational purposes only and should not be relied upon in any manner as professional advice, or an endorsement of any practices, products or services. There can be no guarantees or assurances that the views expressed here will be applicable for any particular facts or circumstances, and should not be relied upon in any manner. You should consult your own advisers as to legal, business, tax, and other related matters concerning any investment.

The commentary in this “post” (including any related blog, podcasts, videos, and social media) reflects the personal opinions, viewpoints, and analyses of the Ritholtz Wealth Management employees providing such comments, and should not be regarded the views of Ritholtz Wealth Management LLC. or its respective affiliates or as a description of advisory services provided by Ritholtz Wealth Management or performance returns of any Ritholtz Wealth Management Investments client.

References to any securities or digital assets, or performance data, are for illustrative purposes only and do not constitute an investment recommendation or offer to provide investment advisory services. Charts and graphs provided within are for informational purposes solely and should not be relied upon when making any investment decision. Past performance is not indicative of future results. The content speaks only as of the date indicated. Any projections, estimates, forecasts, targets, prospects, and/or opinions expressed in these materials are subject to change without notice and may differ or be contrary to opinions expressed by others.

Wealthcast Media, an affiliate of Ritholtz Wealth Management, receives payment from various entities for advertisements in affiliated podcasts, blogs and emails. Inclusion of such advertisements does not constitute or imply endorsement, sponsorship or recommendation thereof, or any affiliation therewith, by the Content Creator or by Ritholtz Wealth Management or any of its employees. Investments in securities involve the risk of loss. For additional advertisement disclaimers see here: https://www.ritholtzwealth.com/advertising-disclaimers

Please see disclosures here.

What's been said:

Discussions found on the web
  1. Erdal can alkoçlar commented on Dec 07

    An excellent article. I have now learned about this. Thanks admin

  2. Kurumsal boyacı commented on Dec 11

    An excellent article. I have now learned about this. Thanks admin

  3. Avşa apart commented on Dec 28

    An excellent article. I have now learned about this. Thanks admin

  4. Ataşehir boyacı commented on Jan 01

    An excellent article. I have now learned about this. Thanks admin