Currently viewing the tag: "Recession"

In today’s Dispatch, under the intentionally inflammatory headline “Unions Get Revenge…” we get a hint of next year’s anti-union rhetoric:

“But amidst all of the concessions and hat-in-hand rhetoric, there was a hint of defiance. Kasich, who opened by congratulating the labor coalition, said local governments should not expect a state bailout to manage their costs.
‘There is no bailout because frankly, there’s no money,’ Kasich said.”


Kasich’s year-long attack against public employees was two-pronged: Make them vulnerable, and strip away their defenses. Last night, not only did […]

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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 […]

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Kasich’s Office of Budget and Management says Ohio collected nearly a billion in more revenue in March than was projected due to strong economic growth in a recovery that has created jobs twice as fast in Ohio than Indiana or the rest of the nation. Thus, dispelling everything Kasich the Candidate said about Ohio’s economy last year.

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The Carpetblogger is amazed at the “trend” that a bunch of Republican lawmakers from across Ohio all today issued separate press releases from different regions of Ohio today to discuss the economy.  Keeling wrote four posts about these releases, each one, more amazed at the coincidence that these lawmakers were saying the same thing at the same time.

It’s almost like these lawmakers didn’t actually release these press releases at all, but they were all issued in a coordinated fashion by the some central organization like… the Ohio Republican House Caucus, […]

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Down to 10% from 10.2% in October, with revisions DOWNWARD in job losses going back to September.? All of which is WAY better than expectations.? Month to month numbers are notoriously unpredictable, particularly at the bottom of a recession, but this is a good sign that the recession is beginning to end.

Tom Blumer has begun twisting his logic into a pretzel of Escher-like proportion.

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I’m a former campaign hack, so despite my aspiration to think long term, I’m always thinking about the next election.? Pinning the blame on George W. Bush and through him Republicans for the economic nightmare we currently are fighting, and pinning that blame on Republican ideology once and for all, happens to merge those two approaches.? Democrats need to get better at it; fast for 2010, permanently for our country.

Short term, of course, this matters for the 2010 mid terms.? We ain’t turning a corner anytime soon, and voters will still be looking to lay blame.? Ted Strickland needs […]

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If you need to know anything about Republicanism, this is all you need to read. In fighting Obama’s stimulus bill aimed at digging us out of the hole George W. Bush and his buddies in the Republican Party left us, here is what they fought to exclude:

In a key reduction from the bill that reached the Senate floor earlier in the week, $40 billion would be cut from a “fiscal stabilization fund” for state governments’ education costs, though $14 billion to boost the maximum for college Pell Grants by $400 to $5,250 would be preserved, as would aid […]

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“Do we start with hear no evil, see no evil, or speak no evil? Take your pick”

So great!

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USA Today polled 52 economists asking “Do you think the U.S. economy is currently is a recession?”

67% said Yes.

Another 12% said we would be this year.

President Bush, however, still refuses to admit it- instead calling our current situation just a ‘very slow economy’.

His solution: make his 2001 tax cuts for the rich permanent.

Seven years after implementing these tax cuts that were supposed to stimulate the economy we are, by most measures, in a recession. Gas prices are at an all time high. The housing market in shambles.

And now George wants to […]

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