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Codey Throws Support Behind Economic Summit

Senate President Calls for Swift Action to Ease Crisis

TRENTON – Senate President Richard J. Codey (D-Essex) today announced that he is in full support of a plan to convene an emergency summit to help New Jersey deal with the fallout of the economic crisis that has gripped the nation. In doing so, Codey announced that he is working with Assembly Speaker Joseph Roberts and Senate Majority Leader Stephen Sweeney to get the ball rolling so that New Jersey can find real solutions to help residents deal with plummeting stocks and rising consumer prices.

“From Wall Street to Main Street, we’re feeling the effects of the chilling economy,” said Sen. Codey. “Current economic policies have created a global and national disaster that will have a severe impact on New Jersey residents. We can’t solve this problem by ourselves but we must make sure that we take whatever actions are feasible. We have a lot of brilliant minds in New Jersey, from economists and CEO’s to academics and labor leaders. We need to make sure we leave no stone unturned when it comes to protecting our working families and the homes, investments and savings that they stake their very future on.”

“New Jersey gets hit harder than most states when Wall Street takes a beating because so many corporations are headquartered here or have employees that live here. I’m confident that if we get moving quickly on finding serious solutions to weather this storm, then we will survive this crisis better than most states.”

Codey said that he is working with Senator Sweeney, Speaker Roberts and other legislative leaders to lay the groundwork for the summit and new details should be announced shortly.

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