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Nash Now Blames Wall Street.

November 30, 2010

Jeff Nash

Here we go again add Freeholder and DRPA member Jeff Nash to the list of Democrats blaming everyone but themselves for our fiscal problems.  Yes Jeff Nash is now trying to blame Wall Street for the DRPA budget mess and proposed toll increase.  Nash and the DRPA have submitted a budget which calls for toll increase to $5 as of July 1, 2011

According to a report in the Philadelphia Inquirer Nash said;

“If you can show to Wall Street that you can cut your operating costs and your revenues are still strong and you defer some capital costs, Wall Street, I believe, would look at a toll-increase delay more favorably,” 


In the mind of Jeff Nash Wall Street now has a big say in whether he votes for a toll increase.  This is pure posturing on the part of Nash.  He wants the public to believe that when he votes to increase tolls it was against his will and Wall Street made him do it.

I guess Wall Street made Nash vote to extend the contract of John Matheussen for three years.  Apparently Matheussen’s past mismanagement was not that bad at all and the toll payers really needed another three years of Matheussen leadership.  Wall Street must have told Nash that hundreds of millions of dollars on squandered on “Economic Development” was “necessary”.  Wall Street must have also told Nash it was “necessary” for an insurance broker who did not place the Authorities’ insurance policy to receive a phantom commission – courtesy of the toll payers.  It also must have been “necessary” for the DRPA to treat its executives to luxury hotels and extravagant “conferences” in New York.

On behalf of toll payers: It is necessary that we hold the line on the toll rate we now pay.  $4 to cross the bridge is excessive $5 is a bridge to far.

3 Comments leave one →
  1. Terry Land permalink
    November 30, 2010 6:45 pm

    Nash is still as arrogant as he was when he was freeholder. He blamed McDonnell for the 30 million in medical benefits to employees who did not put in 25 years (some as little as 8) and no-show jobs. Now it’s Wall Street. Does anyone remember when they wanted to take over the historic Pennsauken Farmer’s Market to build a new arena. After all was said and done, a historic site is gone and there is no arena. Now Pennsauken is beginning to look like Camden. It seems where ever Nash goes, there is mismanagement of money and nothing to show for it. Not only should he not have renewed Matheaussen’s contract, but he should have cleaned house of the people he brought with him. Those who know better know he got that job because he gave his seat to Madden by getting the former CCGOP chair to start a “Republicans for Madden”. Is it no surprise that same former chairman works there now. George Geist lost by less than 100 votes. They couldn’t have won the seat without him and his cronies. Kinda like when he ran a shadow campaign for US Senate to cut the votes from Dianne Allen. They all bow to King George. George has more than one insurance company. I would love to know if they use Scibal Insurance for their workers compensation. That is one of his child companies. It has more county and local contracts than any other company I ever dealt with during my years of handling these cases. Private companies used known companies, but if it was a county or local it went to Scibal. The proposed increase is ridiculous considering that they are always painting the Ben Franklyn Bridge. I don’t see the Walt Whitman bridge getting new paint every year. Why? Another example of mismanagement. Nash and his cronies need to go.


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