Tag: bailout

Pennacchio: Trump is right to threaten GM’s taxpayer subsidies

PARSIPPANY, N.J. — Grim news of plant closures from General Motors elicited angry Twitter responses from President Donald Trump on Tuesday, Wednesday and Thursday, and one veteran New Jersey legislators thinks the President’s wrath is justified. On Wednesday, Senator Joe Pennacchio Read More

Revel Filing for Chapter 11 in March

Atlantic City’s Newest Casino Resort Heads to Federal Court to Seek Bankruptcy Protection By Matt Rooney | The Save Jersey Blog Who didn’t see this coming, Save Jerseyans? We sure did, as did the general public who opposed the tax break bailout plan Read More

Detroit Councilwoman Validates Mitt Romney’s “Gifts” Quip

Mitt Romney was grilled by both sides of the aisle for his post-election “gifts” comment. I frankly never understood why. If anything, “gifts” might’ve skewed in the direction of being overly kind. To the point of being inaccurate. How so? Read More

Revel’s Obama-esque Approach to Economics and Spending

Do I smell a second bailout cooking, Save Jerseyans? Revel, Atlantic City’s newest casino resort, is struggling to obtain profitability… if you believe Senator Sweeney, BADLY. The hotel has never shown positive numbers since it opened six months ago, and Read More