In a conference call with reporters on Monday, the same day Republican presidential nominee Donald Trump was in Detroit offering a proposed economic plan that earned claims of being critically short on details, Columbus Mayor Andrew Ginther was joined by owners of a small business in Bexley, and Gene Sperling, an expert on economics and former Director of the National Economic Council.
Each participant provided their views of how job growth plans from Hillary Clinton and Donald Trump would impact Ohio, a key battleground state. Analysis of the candidates’ plans has come from Moody’s economist and former adviser to GOP presidential candidate John McCain, Mark Zandi. The macroeconomic analysis Zandi did found that under Mrs. Clinton’s plan, the economy overall would create 10.4 million jobs nationwide, while for Mr. Trump the economy takes a hit of 3.4 million jobs and tees up a “lengthy recession,” advance information said.
Columbus Mayor Ginther, who was in Philadelphia last week attending the DNC convention along with the Ohio delegation, said Trump needs to be kept accountable for his plan, “or lack thereof.” Ginther reiterated a favorite Democratic talking point, that Trump is temperamentally unfit to lead the nation and has a reckless plan that would harm American workers. Ginther, who was elected mayor last fall after Mayor Michael Coleman stepped down after completing his fourth term, said with some pride that Columbus is leading the recovery in Ohio, which under Gov. John Kasich, a Republican, still has miles to go before all jobs, private and public, return in the numbers they were before the Great Recession.
The reputable W.P. Carey School of Business at Arizona State University ranks states on various economic measures using Bureau of Labor Statistics figures. Ohio is 25th in year-over-year job growth from June, then goes lower to 27th in year-to-date grown and is 28th in moving-average. In 2015, it ranked 27th in Y-O-Y as it did by the same measure for 2014, which was higher than 29th in 2013. Under Gov. Kasich, who has a private and mostly secret non-profit economic development group run by a board he handpicked with billions to dole out, Ohio has experienced job growth stagnation and a reduced pay rate for the private sector jobs he takes credit for.
One explain for Ohio’s too slow recovery is found in public sector jobs that still lag pre-Great Recession levels. Unfortunately, Gov. Kasich doesn’t value them like he does private sector jobs, and he likes to remark, as part of his presentation on good management, that fewer public sector jobs is a good since it helps adorn his pitch that the cost of government, like meals at a restaurant, should be reduced, and shedding jobs is a good way to do it. That led local governments and schools to approach local voters to help patch the gap Kasich left them when he balanced the state budget on their backs, withholding billions they had to find other means to recoup to continue service levels or make cutbacks accordingly.
Sperling would later comment in question-and-answer on that recovery—started by Gov. Ted Strickland that the Kasich Administration has performed poorly on even though JobsOhio has billions to dole out. Sperling gave great credit to President Obama for saving the auto industry and how that helped Ohio. Gov. Kasich scoffs at what the White House did at time, as he, Sen. Rob Portman and Mitt Romney, who lost to President Obama in 2012, degrading the president for saving one out of every seven jobs in Ohio, a national leader in auto supply chain parts manufacturing.
“I need a partner in the White House to work with me to ensure we are sharing the prosperity,” Ginther told reporters, reminding them that Trump makes his products in a dozen different countries. Mayor Ginther said Trump has devastated small businesses who worked for him, as reports have shown the reality TV star doesn’t pay them in full or outright stiffs them.
Small business owners Nikki Ore and Maria Schlegel said they worry about Trump’s plan. “It’s clear he would undermine the stability of our country and that would have ripple effects that would hurt small businesses and our employees the most,” they said, pointing to Clinton’s plan to invest $25 billion to help small entrepreneurs.
Sperling Says Kasaich Benefited From Obama Saving Auto Industry
An economic adviser to both Presidents Bill Clinton and Barack Obama, Gene Sperling said the Clinton economic plan focuses on more jobs, higher wages and more opportunity for the middle class and those working their way into the middle class. The Clinton campaign has offered up reviews of both Clinton’s and Trump’s economic plans as evidence that Trump would lead the nation into a recession while Clinton would create 2.4 million jobs in her firs term.
In Ohio, the bellwether state presidential candidates must win to win the White House, Sperling said the different between jobs created under Clinton versus jobs lost under Trump represents a difference of one-half million jobs. According to Zandi’s review, Sperling said, Ohio could see a gain of about 376,000 jobs under Clinton versus a loss of about 123,000 under Trump.
Sperling emphasized that Trump’s plan would raise the national debt over 20 years by $30 trillion, with the top one percent earning tax relief equal to the bottom 90 percent. “Donald Trump doubles down on income inequality,” he said, adding, in the competition for which tax plan will be the best for the top one percent, the Trump plan would be recording breaking. He went on to say that Trump proposes a 15 percent tax solution that the very rich would organize their income into to pay far less than what a middle class family would pay. That, he said, is “smoke and mirrors.” He emphasized that Hillary Clinton’s plan is proposed major investments in infrastructure and manufacturing.
Kasich Afraid To Credit Obama
Sperling was asked why Gov. John Kasich, who has lowered taxes and cut business regulations, has gone 43 straight months of not meeting or exceeding the national job creation average? He said governor’s like to take credit for jobs created in their state, but added, the Obama years produced strong job growth. The last job report from last week was a strong one, showing more than 255,000 jobs were created.
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