Standard & Poor’s is one of the three major credit rating agencies that has enormous influence in shaping the price and rates for Ohio’s bonds. Earlier this week, it and the other two major credit reporting agencies turned up the pressure on Speaker Boehner and the Congressional Republicans when it threatened to downgrade the credit rating of the United States if a deal on the debt ceiling isn’t reached soon.
On Friday, S&P revised Ohio’s credit rating (may require free registration to view.) While the credit rating has stayed the same, the raters changed Ohio’s outlook from negative […]Full Story... →
John Kasich’s budget and anti-union agenda isn’t as popular as you (and Governor Kasich) might think. A few weeks ago, Kasich pitched his budget to the state credit rating companies. They weren’t overly impressed.Full Story... →
Our companion blog, Ohio Budget Watch, has done an initial review of the Administration’s figures on “privatizing” and then “securitizing” the State’s revenues derived from liquor sales.
In short, it appears Kasich is proposing what is considered thirty years of revenue which based on historical data would amount to roughly over $6 billion for the price of $1.5 billion today. He uses a third of that money, half a billion, to create one-time money to help balance the State’s budget, in return for denying Ohio a pretty reliable quarter of a billion for the twenty-eight years after Kasich’s […]Full Story... →
The pimp look doesn’t work for DeWine.
ODP points out that after a career of protecting Wall Street insiders, Mike DeWine now wants to protect them, and not us, as Ohio’s Attorney General.
Frankly, I think DeWine’s comments support Kasich’s secretive executive bonuses for his JobsOhio plan plays right into this video.Full Story... →
Here’s the lede from the Cleveland Plain Dealer’s coverage of today’s bizarre press conference called by the Ohio Republican Party:
The idea that the Lehman Brothers attacks have been a dud is pretty much refuted now by the fact that Kasich first ad was not a general introductory ad to voters, or even an attack ad against Strickland, but a misleading downplaying of his role at Lehman Brothers and now an ORP press conference attacking […]Full Story... →
I swear to God, I couldn’t make up something this outrageous if I tried. The Columbus Dispatch notes that while Congresswoman Mary Jo Kilroy was at the White House to witness the President’s signing the historic Wall Street reform bill into law that she helped to shape, her opponent, Steve Stivers, former bank lobbyist, was in D.C. hosting a fundraiser with the reform bill’s opponents:
Stivers, who has been critical of the bill, held a fundraiser in Washington this afternoon with lobbyists for the financial industry, which has opposed many of the reform measures. Suggested contributions ranged […]Full Story... →
The Columbus Dispatch’s Daily Briefing blog shows just how twisted the NRCC has to get to attack Congresswoman Mary Jo Kilroy’s role in passing comprehensive Wall Street reform passed:
The committee, which backs Republican challenger Steve Stivers, said provisions in the bill will benefit trial lawyers and unions, which happen to be among Kilroy’s most stalwart financial supporters.
Lawyers will benefit from lawsuits that result from disputes over “ambiguous language” in the bill as well as provisions that allow whistleblowers to be anonymous and hire lawyers to represent them, the GOP committee said.
The group […]Full Story... →
TPM says the bill is largely the version that passed the Senate.
“Mr. Washington” Rob Portman (actually nickname given by Portman’s political allies in D.C.) announced in April that he opposed the Senate reform bill and, presumably would have joined the GOP caucus in their attempts to filibuster it. Lee Fisher was a vocal supporter of the bill and has been since announcing his candidacy.
The Ohio Democratic Party’s Portman spoof site has a good rundown of Portman’s Wall Street sympathies and pro-Wall Street record. There is a growing awareness that the Republican candidates […]Full Story... →
Make no mistake, folks. The Governor has pepper. Lots of it. It was apparent when we talked to him on primary election night and it’s apparent in this Politico interview. Ted is going to hammer away at John Kasich for the duration.
?If I were John Kasich running against me, I would?ve run as a moderate Republican. He?s running as a Tea Party candidate. Maybe he worked long enough at Fox to become a true believer,?
LOL. True believer. That one got me. Who is John Kasich? Is he a Tea Bagging right-wing ideologue or is he a […]Full Story... →
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