QOD: New Jersy's "Dismal" Economic Picture and Christie's Prospects

From Crain's New York (hat tip: Blue Jersey):
New Jersey has regained only a little more than a third of the jobs lost in the recession, and its GDP and personal-income growth is subpar. Housing prices are a particular problem. Only the decline in unemployment is a positive sign.
Why is this? New Jersey's mainstay industries—pharmaceuticals, telecommunications and casino gambling—are in long-term declines. The weakness of financial services is taking a toll, too. The state has no offsetting growth sectors like technology or film and television production, which are boosting New York City and New York state.
The question for Mr. Christie is how he can launch a presidential campaign on such an economic track record. It's hard to see what he could say about it.