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Chris Christie on Corporations

 


Shame the bankers out of greedy bonuses, but don't regulate

Q: What do you think was the problem for America's terrible economic mess?

A: Greed. And because no one wanted to tell anybody the truth. I think we got ourselves in this mess because some people in the financial industry became incredibly short-sighte and greedy and we had government officials who refused to say no.

Q: A lot of bankers have been bailed out, and then the first thing they do is award themselves massive bonuses. Would you have stopped that?

A: I probably wouldn't have done anything different to stop them to do that except to use the power of the bully pulpit as president to call attention to it and to try to shame them into doing something different. I don't believe in that kind of heavy-handed regulation where we're saying how muc you can pay people. But I do think that what really caused the problem was not so much the high-pay, was just the incredibly risky securities spreading kind of like a cancer that really caused the incredible downturn that we had in 2008 and 2009.

Source: Interview on CNN "Piers Morgan Tonight" , Jun 15, 2011

Bring back "Trenton makes, the world takes"

New Jersey was once a leader in manufacturing, and as the well-known tag line goes, "Trenton makes, the world takes." Today, the industries that once made NJ no longer exist and it shows in our unemployment rate, the number of businesses that have left our state, and the lack of good-paying jobs. NJ has lost 135,100 overall jobs overall and 34,000 manufacturing jobs in the last year alone. As a result, many middle-class workers have been forced to take lower paid paying jobs without benefits.
Source: Campaign website, www.christiefornj.com, "Issues" , Jul 21, 2009

Other candidates on Corporations: Chris Christie on other issues:
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Page last updated: Feb 23, 2012