Think John Kasich is happy to have unpopular former Senator/current GOP Attorney General candidate Mike DeWine come to his defense? Me, either.
According to the Youngstown Business Journal, Ohio Attorney General Richard Cordray weighed in on John Kasich’s JobsOhio plan and said he had serious concerns about its lack of transparency, particularly when it came to Kasich’s assertion that the non-profit, private corporations bonus compensation system would be made exempt from disclosure:
Kasich’s privatization plan also appears to give “taxpayer-funded bonuses” to the CEOs who would sit on the not-for-profit’s board and its employees, which they would not be required to disclose, Cordray said. That “smacks a little close to what we have seen in some of the cases that we’re bringing on behalf of the pension systems against some of the major Wall Street firms,” he said, in particular in the Bank of America-Merrell Lynch merger case being brought on behalf of the Ohio pension systems.
One of the allegations in that case is that the firms violated federal security laws by paying out billions of dollars in bonuses to corporate executives and not disclosing those to shareholders “who could then make appropriate judgments about whether to be investing in that stock or not,” he said.
“From these cases we have seen how Wall Street executives often believe the rules don’t apply to them,” Cordray said, “They take enormous risks with other people’s money and they’re paid lavish bonuses to do so.” But when those bets are lost and those losses are borne by someone else — namely, American taxpayers — the executives retain the bonuses “and often get golden parachutes to float above the wreckage.”
Of course, Kasich spokesman Rob Nichols throws a hissy:
“If Ted Strickland and Rich Cordray think Ohio’s broken economic development system is worth defending, there are 614,000 jobless Ohioans who might disagree with them,” said Kasich press secretary Rob Nichols. Jobs Ohio “will not only be a transparent, responsive, accountable tool for economic recovery, it’s going to get the job done for the people of Ohio as well,” he said.
First of all, not even Kasich’s “Blame Strickand” clock gets back 400,000, let alone 614,000. I have no idea what part of his anatomy Nichols pulled that number from.
Second, Nichols has the inconvenient problem with the fact that Kasich is on record specifically praising his JobsOhio plan for its lack of transparency:
Of course, Mike DeWine has to pipe in and reveal what a partisan hack he’ll be as an Attorney General in order to make up for his history of departing from Republican orthodoxy as an United States Senator:
Cordray is “on the wrong side when it comes to job creation in Ohio,” DeWine said. “Instead of looking for and supporting new and innovative ways to bring jobs to the state, the incumbent attorney general serves as a roadblock by defending failed government policies and programs.”
I didn’t know that Mike DeWine considered Ohio’s public record and Sunshine laws as “failed government policies.” The Ohio Attorney General is charged with defending the right of the people to know what the government does in their name. An Ohio Attorney General is duty-bound to promote transparency in government. Mike DeWine says that takes a back seat when partisan politics comes to play.
It’s no surprise to see Mike DeWine to try to come to Kasich’s rescue. Let’s face it, DeWine wouldn’t have had the uncontested primary for his Attorney General’s race but for the efforts by Kasich and his closest political allies on the Republican State Central Committee to pivot Delaware County Prosecutor David Yost out of DeWine’s race into the vacant State Auditor’s race after Kasich tapped Mary Taylor to be his running mate.
What is amazing is how little the Ohio conservative blogsphere acknowledges Kasich’s heavy role in bailing DeWine out of that potentially contentious primary, instead the blame falling on ORP Kevin DeWine instead.
If John Kasich and Mike DeWine want to stake out their candidacies on secret, taxpayer funded bonuses and golden parachutes to already wealthy and privileged corporate executives, go right ahead. I’ll gladly take that fight.
But if Rob Nichols thinks that John Kasich’s JobsOhio plan promotes transparency when Kasich on more than one occasion has said that one of the “virtues” of his plan is that it won’t be transparent, he’s either a fool or a liar.