Thursday, December 02, 2004

Corzine is running, NJ Dems. can exhale.

After Jim McGreevey stepped down amid several scandals last month, the least of which was his being gay, New Jersey has been in a bit of a panic. No one knows for sure what the future holds for the state and Democrats in particular are concerned that their party has been made to look foolish and corrupt.

The best possible scenario for NJ Democrats has come to fruition today in that John Corzine has decided to run for governor. Corzine is, at the moment, a Senator from New Jersey and gained huge name recognition and popularity a few years back when he ran for the Senate by not taking any public funds and instead using $63 million of his own cash to campaign for 19 months leading up to the election.

Corzine is pretty popular in NJ and his polls are high relative to him being trusted and things of that nature. He's not implicated at all in the state corruption scandals because he's in Washington and not Trenton. On top of all of this, Corzine is the one Democrat that probably everyone who is likely to vote in NJ has heard of. I can't imagine a scenario in which he does not win the Democratic primary and I would assume that he'd be the favorite to win the election.

The one guy who will probably run against him in the primary is Richard Codey, who is acting as governor now that McGreevey has stepped down. That might win him some experience points, but I get the sense that Corzine will be a more popular choice in NJ. Also he's got a ton of cash to spend.

Corzine used to be the president/chairman/CEO or something like that of Goldman Sachs. Goldman Sachs for the longest time was the only huge investment firm to be privately owned. While Corzine was in charge of it the company went public and all of the partners in the firm made literally billions of dollars all together. I don't know how much Corzine made specifically, but suffice it to say that as the guy in charge at the time, he must have made a shitload. I bet we could do some research and find out pretty easily how much he did make, but I won't right now.

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