The Columbus Dispatch is reporting that Governor Kasich, reaching back to his Lehman Brothers’ roots, wants to give banks a tax break to encourage lending:
Kasich, a former executive at Lehman Brothers, suggested yesterday that altering the tax could reduce costs for banks and generate more loans.
We need to cut taxes so we can encourage banks to make loans is like saying we need to cut taxes to encourage me to draft contracts or file lawsuits. I don’t need a tax cut to do my business model, neither do banks.
Despite what you may believe as a […]Full Story... →
You have to have some insane level of hubris to tout a “study” that claims to save the state $1.3B by cutting the pay of teachers, police, and firefighters while you exist solely on the government teet enjoying a made up position of “Special Assistant to the Governor” at $145,000/yr plus benefits.
Serious, serious onions it takes to pull this off. Jai was up early this Saturday morning around 7am in order to catch this story posted at 2:51am in order to get it out on Twitter and retweeted by the sychophant right. Maybe the job of […]Full Story... →
I bet John Kasich regrets every day he was done in by this Lehman Brothers recruitment video:
Two years later, we’re still struggling to climb out of Lehman Brothers’ epic financial implosion.
Let’s remember that most of what little we do know of John Kasich’s after he left Congress for Wall Street came despite Kasich’s efforts to conceal them from the people of Ohio. We’ve only been able to barely scratch the surface.
“You can fool all the people some of the time, and some of the people all the time, but you cannot fool all the people all […]Full Story... →
I think the ad is effective in that it ties Kasich’s Wall Street ties to his congressional record and how he essentially traded in his cushy Congressional job for a cushy Wall Street job that he was completely unqualified for.
My only criticism is that this is boilerplate opposition ad stuff, and I don’t think it’s nearly as effective as the personalized message that Strickland’s first ad in June had (that I wish they’d run again because I don’t think it got sufficient airtime):
I think this was a more effective ad. “Revolving Door” is a standard, D.C. consultant […]Full Story... →
I’ve got yet another exclusive story in the Governor’s race, and it’s the kind that is going to make some Kasich staff turn off the coffee pot and Scott Milburn change his pants (like he needed to in 1996 after finding out Ted Strickland beat then-Congressman Frank Cremeans in their rematch of the 1994 race.)
As anyone who has followed the Kasich campaign will tell you, the Ohio Republican establishment has been fearful that John Kasich’s Wall Street experience could be a ticking time bomb that could go off right before the election, dooming its chances up and down the […]Full Story... →
This is pretty stunning that we’re not seeing this in the reporting yet. (HT: Video from OhioCapitalBlog who needs to film a little further away.)
Here’s Kasich talking about how he’ll pay these corporate fat cats bonuses for doing the work that state employees already do for less:
Ha ha! I’ve never had to tell you putzes in the media how much I made from Lehman Brothers for soliciting Ohio’s pension funds… suckers. Aren’t I funny?
Then here’s Kasich actually promising that he’ll keep the bonuses he pays the corporate execs he’ll empower with dividing the corporate […]Full Story... →
Here’s John Kasich in today’s Reuters story about his former praise of Lehman Brother’s CEO Dick Fuld:
“Fuld is an awesome guy,” Kasich told New York Observer for a September, 2001, story. “He is the kind of guy you want to go into battle with,” the article quoted Kasich as saying. “He is a great leader.”
Kasich backed away a little from his association with Fuld during his Reuters interview, saying: “I called him a good leader because of what he did after 9-11.”
Kasich, though, was interviewed for the story before September 11 and […]Full Story... →
I found John Kasich’s latest TV ad curious. For a couple different reasons. First that the Kasich team would use DHL an example of Ohio job loss. Clearly they’d like to build the perception that the losses were due to the Governor mismanaging the state or for creating some non-existent “poor business tax environment”.
The reality of the DHL situation goes well beyond cute local or regional politics and speaks directly to the global financial meltdown. The “Lehman Brothers Recession”. It seems almost anything Kasich tries to hit Strickland with ends up right back in his lap and […]Full Story... →
(With apologies to great American and fellow native South Carolinian Stephen Colbert.)
At the beginning of this month, the Kasich campaign announced it wanted to raise $100,000…. at some point. They’re at $69,637.00 at the time I’m writing this.
On Monday, the Strickland campaign announced that it wanted to raise $110,000 by Saturday.
They’re presently at $85,085. That’s over $15,000 more than Kasich has claimed to raise all month. And the Strickland campaign did that in only five days.
While I was taping an appearance on ONN’s “Capital Square” with Matt Naugle, the Strickland campaign sent out an e-mail with […]Full Story... →
With friends like these, who needs Plunderbund?
That’s New York Times Best Sellers List Author/former Lehman Brothers trading VP describing John Kasich on Twitter.
The “last man on the deal” a “small time banker.”
Kasich’s own boss said of Kasich to the Dayton Daily News:
Weinstein said Kasich knew nothing of banking when he arrived at Lehman fresh off his 18 years as a Congressman from Ohio.
“It was tough going in the beginning because he didn’t know anything about Wall Street or investment banking. So we spent hours with me tutoring him,” Weinstein […]Full Story... →
The Dayton Daily News has confronted one of Ted Strickland’s “Wall Street” donors who are just as bad and responsible for this economic recession as John Kasich’s Lehman Brothers:
Buried on the 23-pages of contributions that GOP counted was $100 from Patricia Diven of Centerville who listed her occupation as ‘finance director.’
But Diven said she is no Wall Street insider. She said she works three days a week for a small non-profit agency with an annual budget of less than $500,000. She admitted that she did once visit Wall Street in the 1970s.
News that she had […]Full Story... →
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