Soon-to-be-former New Jersey Governor Jon Corzine spent $131 million of his own money on his three political campaigns since he was forced out of his management position at Goldman Sachs. After 9 years in office (first as a Senator then as Governor) the soon-to-be-unemployed Democrat has nothing to show for that fortune except the metaphorical bruises from his recent loss to Governor-elect Republican Chris Christie.

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Forget his Olympic-sized defeat, the next measure of President Obama's shrinking influence will be taken in one month in New Jersey. The gubernatorial race between incumbent Jon Corzine and former US attorney Chris Christie is in the home stretch and Mr. Christie, the Republican, leads in all polls as he has for months. What does this have to do with the White House? The Obama administration is at least as involved in trying to get Governor Corzine re-elected as it is in trying to get New York Governor David Paterson to step aside.

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