Third Kasich call for Lehman in dispute | The Columbus Dispatch

Sounds like Strickland can only say these things about Kasich because he cant brag about acomplishments he doesnt have. What does formely working for a Wall Street company have to do with running and improving our state. The jobless rate is over 10% so I want to know how they are going to fix that.Strickland thinks spending stimulus money on infrastructure will bring jobs but why did the jobs leave. Touting office and technology jobs doesnt help the avereage blue collar worker whos manufacturing jobs went south of the border or to states with better tax incentives.

I voted for Ted in 2006 bc of the Taft administration fiasco. The problem now is Ted has done nothing to help Ohio Citizens and continues to waste money. I am tired of attack politics and I am tired of politicians not being able to stand on their own record. Ted is attacking Kasich b/c he has not standing on his own. This year, I will be voting for John Kasich b/c of the disappointment Ted has brought me.

Kasich is a liar just like every other Republican.
If Kasich is so truthful why doesn't he tell everyone NOW exactly what state agencies he plans on eliminating to balance the budget.
The people holding those jobs have the absolute right to know Kasich is eliminating their jobs before they act like cattle & vote for him against their own best interests. I think if he hides it until after election he is not a man but a pathetic Pu$$y and a LIAR.
SO Kasich... what state agencies will be eliminated? I hear 4 will be eliminated. That means #1 Dept of education,(R's like Charters)#2 BWC (privatize it and eliminate middle class jobs, replace with profit making business with no pension & cheap wages) what are the other 2?

Ok, so the Ohio Teacher's Retirement Fund is claiming a "less than 10 minute phone call" occurred with Kasich in 2002 and Kasich does not remember making it.

Furthermore, the Fund did not invest with Lehman.

Can someone tell me why is this an issue.

Also, isn't the Ohio State Teachers Retirement System 40 billion in unfunded liabilities.

Shouldn't 40 billion be a bigger issue than a possible 10 minute phone call that resulted in nothing in 2002.

The Strickland camp is desperate and we have to put up with 3+ more months of it. On second thought, that's pretty good news.

Ok, here is the link on the 40 billion in unfunded liabilities for the teachers pension fund.

http://www.wlio.com/localNews.aspx...

"The State Teachers Retirement System has $40 billion in unfunded liabilities and is seeking a taxpayer bailout"

So if every Ohio resident (including kids, people in prison, and the elderly) put in 40 dollars a year, it would only take 100 years to pay off 40 billion.

If STRS did not invest with Lehman, a good question might be "who the hell did they invest with ?"

I am sick and tired of hearing about Kasich and Lehman brothers.
First of all, who cares what he did in private life between his years as a Congressman and now running for Governor. Does what he did then matter as far as what kind of Governor he would be? NO, not at all.
Why is it so bad that Kasich made money? Doesn't everyone want a good paying job? Kasich used his education and put it to use and got a good job... nothing wrong with that.
Second, like Tom the Traveler said above, how many of us remember a 10 minute phone conversation that we had 8 years ago? Dwelling on a simple short conversation that led to nothing is just grasping at straws.
Third, I too am sick of the attack politics. I seem to remember Strickland condemnng those in the past.... but now he is resorting to them himself?
Fourth, I want to hear about the issues and where Governor Strickland stands on them.(I want to hear the same from Kasich). I don't want to hear from Strickland what is wrong with Kasich's ideas and I don't want to hear from Kasich what is wrong with Stickland.
My grandfather always said to never vote for the candidate who spends more time attacking his opponent than talking about himself because it means he has no real ideas himself and so he has to tell you why not to vote for the other.
I'm a Democrat and real Democrats don't stoop to the attack politics that Republicans are known for..... until Ted Strickland.
Ted's continual harping at Kasich's past is doing him more harm than good because most of us detest that kind of politics and have always seen that as Republican garbage.
Since Ted won't discuss the issues, I guess I will listen to Grandpa and vote for Mr. Kasich.

The commercials Kasich's been running lately are a lot better than the ones that were running. Kasich stuffs it right in the Dumbcrats' face. Very effective.

That last commercial with the old gay guy sitting in the coffee shop talking to that ugly hipster chick was so contrived. I couldn't stand to watch that one. I truly hate syruppy campaign commercials, I like the ones that get to the point.

tom the traveler wrote:

Ok, so the Ohio Teacher's Retirement Fund is claiming a "less than 10 minute phone call" occurred with Kasich in 2002 and Kasich does not remember making it.
Furthermore, the Fund did not invest with Lehman.
Can someone tell me why is this an issue.
Also, isn't the Ohio State Teachers Retirement System 40 billion in unfunded liabilities.
Shouldn't 40 billion be a bigger issue than a possible 10 minute phone call that resulted in nothing in 2002.

I really don't get why Kasich's at fault for a policy instituted by Dumbocrats, two of the most prominent being Barney Frank and Andrew Cuomo.

They are lucky someone like me isn't dictator. They would have been put on trial and shot on live television for all to see if I had my way.

http://www.villagevoice.com/content/printVers...

Andrew Cuomo and Fannie and Freddie

How the youngest Housing and Urban Development secretary in history gave birth to the mortgage crisis

By Wayne Barrett
The Village Voice
published: August 05, 2008

There are as many starting points for the mortgage meltdown as there are fears about how far it has yet to go, but one decisive point of departure is the final years of the Clinton administration, when a kid from Queens without any real banking or real-estate experience was the only man in Washington with the power to regulate the giants of home finance, the Federal National Mortgage Association (FNMA) and the Federal Home Loan Mortgage Corporation (FHLMC), better known as Fannie Mae and Freddie Mac.

Andrew Cuomo, the youngest Housing and Urban Development secretary in history, made a series of decisions between 1997 and 2001 that gave birth to the country's current crisis. He took actions that—in combination with many other factors—helped plunge Fannie and Freddie into the subprime markets without putting in place the means to monitor their increasingly risky investments. He turned the Federal Housing Administration mortgage program into a sweetheart lender with sky-high loan ceilings and no money down, and he legalized what a federal judge has branded "kickbacks" to brokers that have fueled the sale of overpriced and unsupportable loans. Three to four million families are now facing foreclosure, and Cuomo is one of the reasons why.

What he did is important—not just because of what it tells us about how we got in this hole, but because of what it says about New York's attorney general, who has been trying for months to don a white hat in the subprime scandal, pursuing cases against banks, appraisers, brokers, rating agencies, and multitrillion-dollar, quasi-public Fannie and Freddie.

I won't give you the address but it's public record.

One of the houses in the hood I know of originally sold for roughly $80,000. A property flipper flipped it for $185,000. The bank foreclosed and it sold for $50,000 at auction.(That means the appraised value was $75,000.) The bank then sold it to another investor for $60,000, he turned around and flipped it for $195,000. Again, the bank foreclosed and it was purchased at auction for roughly $50,000.

Using my math, the banking system is out #300,000 just on that one property. Now multiply that by literally thousands of properties in hundreds of cities, entire blocks in the hood. You can see this economy is going to be in deep doo-doo for a very long time.

That said, why is this Kasich's fault? This falls squarely on Barney Frank and liberals who wanted to give poor people homes. Lehman Brothers was a victim of boneheaded government policies just as all taxpayers are.

I have many conservative values. I am neither Rep nor Dem. I've had my fill of the liars in both parties. Kasich's Lehmans's Bros employment is relevant if he was handsomely compensated while suckers like me took a beating on our 401ks. Instead of having a middle class retirement I now expect to have a low income (lower class) retirement. If Kasich profited from the toxic investments, even indirectly, then I feel it's a relevant campaign issue. My point on Kasich, is why should I vote for him when he was part of management, while my retirement is ruined?

To Johnny B - Kasich didn't get his Lehman job because of his education, he got it because he was an ex politician. Get real.

The longer Strickland is in office the more disgusting he is. His tenure is unaccomplished. He is a political whore. Sorry, Reverend.

Hilliard Resident - I understand you want to protect your job. Typical taxpayer-funded employee perspective. It should not be the function of government to supply people with jobs at the taxpayer expense. Government is to provide necessary services that are most economically provided by the government. These will result in some people being employed by the government. If it can be done more cheaply for the taxpayers by the private sector (yes, I know you pay taxes too - that's not the point) then it should be done by the private sector so that the taxpayers can keep as much of the money they earned for themselves. I have worked with the State on projects and I feel there are huge cuts still that can be made and not impact the citizens of Ohio.

Kasich would get my vote ordinarily because of things he accomplished as a congressman and I do think that he would be a better governor than Strickland. And he doesn't say what State employees will be terminated because he knows the union money that will come back against him. Hilliard, you just want to keep your State job, which I understand. But it is not the taxpayers' responsibility to supply you a job on the public teat. I imagine that concept is hard for you to grasp but that's how it should be. fyi - I know how difficult it is to lose a job. Been through it more than once. It's terrible.

Prediction. Strickland beats Kasich in November. Too bad for the State of Ohio.

As a Republican Congressman, Kasich was hired by Lehman Bros. for his access to government leaders in Ohio, including our cash-rich pension funds. It's inconceivable that he didn't use that access to pitch Lehman's services to all of them while Republican Taft was governor. Now we find out he was hawking worthless paper three weeks before the collapse in 2008. What a Republican Crook. Now he's even stiffing the Dispatch, his last friend. It appears from the tone of this article that even they have let him go after being deceived.

The Times of London wrote:

As a Republican Congressman, Kasich was hired by Lehman Bros. for his access to government leaders in Ohio, including our cash-rich pension funds. It's inconceivable that he didn't use that access to pitch Lehman's services to all of them while Republican Taft was governor. Now we find out he was hawking worthless paper three weeks before the collapse in 2008. What a Republican Crook. Now he's even stiffing the Dispatch, his last friend. It appears from the tone of this article that even they have let him go after being deceived.

Ding Ding Ding! We have a winner! You are absolutely correct, this happens all the time.

In the meantime all Kasich can do is make commercials about how "Strickland lost Ohio 400,000 jobs." Really? That was Strickland's fault? Not the fault of the global economic downturn? I'm willing to be that ALL 50 STATES lost a couple of hundred thousand jobs, regardless of whether the governor was a Democrat or a Republican. And let's not just look at the United States, take a look at every other developed nation in the world and tell me that they weren't losing large numbers of jobs too. Ohio would have lost that many jobs over the past 3 years if Jesus Christ had been governor, and anyone who believes otherwise is a moron.

By the way, I LOVE the new Kasich commercial. Three older employees standing around at work complaining about all of the lost jobs while their phones are ringing off the hook. Maybe if they spent a little more time working then they wouldn't have to worry about whether their jobs were next.

Hilliard Resident wrote:

Kasich is a liar just like every other Republican.
If Kasich is so truthful why doesn't he tell everyone NOW exactly what state agencies he plans on eliminating to balance the budget.
The people holding those jobs have the absolute right to know Kasich is eliminating their jobs before they act like cattle & vote for him against their own best interests. I think if he hides it until after election he is not a man but a pathetic **** and a LIAR.
SO Kasich... what state agencies will be eliminated? I hear 4 will be eliminated. That means #1 Dept of education,(R's like Charters)#2 BWC (privatize it and eliminate middle class jobs, replace with profit making business with no pension & cheap wages) what are the other 2?

You are a hack, BWC has over 20 billion dollars in assests, look it up. Its their dirty little secret, charge every business in the state premiums and then deny every claim that comes in. Shouldn't the people who work for the state have the best interests of the people of Ohio at the top of their priorities? I wonder who the teachers pension board is backing for gov.? Bet it is the same party that they have always backed regardless of the canidate.

Someone - "By the way, I LOVE the new Kasich commercial. Three older employees standing around at work complaining about all of the lost jobs while their phones are ringing off the hook. Maybe if they spent a little more time working then they wouldn't have to worry about whether their jobs were next."

That was exactly my reaction to the commercial too the first time I saw it. I talk to the TV everytime I see that ill-conceived commercial. STOP TALKING TO YOUR CO-WORKERS AND ANSWER YOUR DAMN PHONE MAN! No wonder you are going to lose your job. Stand around bullshitting and not taking care of your responsibilities. Can't blame that one on Strickland.

Watch him...pay attention to who he has worked with and who he deals with...had family members that worked for him...crook and very slick

SomeoneWhoKnowsBetter wrote:

<quoted text>

By the way, I LOVE the new Kasich commercial. Three older employees standing around at work complaining about all of the lost jobs while their phones are ringing off the hook. Maybe if they spent a little more time working then they wouldn't have to worry about whether their jobs were next.

re: office chatter commercial

When I see that commercial... I can't help but to think

* that if they're dumb enough to believe "that Strickland lost 400K jobs,"
* or that Strickland has anything to do with NCR leaving Dayton (something which NCR had been planning for decades, and that the majority of NCR's employees have worked outside of Ohio for many years now)...

If they're dumb enough to believe all of that... then maybe the workers in that commercial deserve to lose their jobs.

jbman wrote:

Sounds like Strickland can only say these things about Kasich because he cant brag about acomplishments he doesnt have. What does formely working for a Wall Street company have to do with running and improving our state. The jobless rate is over 10% so I want to know how they are going to fix that.Strickland thinks spending stimulus money on infrastructure will bring jobs but why did the jobs leave. Touting office and technology jobs doesnt help the avereage blue collar worker whos manufacturing jobs went south of the border or to states with better tax incentives.

REALITY CHECK-

1. you're just repeating Kasich's commercials.

2. Strickland spend his first term putting out fires that were 20 long Republican years in the making.

3. Ohio's economy has been going downhill for 20 long Republican years.

and to answer your question about Lehman Brothers....

4. Lehman Bros - THE LARGEST WALL STREET INVESTMENT HOUSE TO FAIL ... EVER -...

Both Lehman Bros and all of Wall Street have EVERYTHING to do with Ohio's woes.

**********

If you can't understand what Lehman Bros and Wall Street have to do with Ohio's economic woes... Then perhaps you have no business voting in this election.

Enzyte Bob wrote:

I won't give you the address but it's public record.
One of the houses in the hood I know of originally sold for roughly $80,000. A property flipper flipped it for $185,000. The bank foreclosed and it sold for $50,000 at auction.(That means the appraised value was $75,000.) The bank then sold it to another investor for $60,000, he turned around and flipped it for $195,000. Again, the bank foreclosed and it was purchased at auction for roughly $50,000.
Using my math, the banking system is out #300,000 just on that one property. Now multiply that by literally thousands of properties in hundreds of cities, entire blocks in the hood. You can see this economy is going to be in deep doo-doo for a very long time.
That said, why is this Kasich's fault? This falls squarely on Barney Frank and liberals who wanted to give poor people homes. Lehman Brothers was a victim of boneheaded government policies just as all taxpayers are.

Did people in the banking industry go to at least high school, if so, math for a loan should be easy. Where is the honesty? Poor people rarely get a home loan, maybe lower middle class do. What is wrong with a fixed,low interest rate loan, for a hard working person? HONESTY is lacking in those with means. People with means forget ,they did not get there alone. THINK about it. I would like to see the tax revenue lost, if the poor and middle class did not work for ONE day.

gerald wrote:

<quoted text>
re: office chatter commercial
When I see that commercial... I can't help but to think
* that if they're dumb enough to believe "that Strickland lost 400K jobs,"
* or that Strickland has anything to do with NCR leaving Dayton (something which NCR had been planning for decades, and that the majority of NCR's employees have worked outside of Ohio for many years now)...
If they're dumb enough to believe all of that... then maybe the workers in that commercial deserve to lose their jobs.

That commercial is also awful, but the new one features Kasich talking directly to the audience. Not as bad as the one with the old gay guy with the lisp in the coffee shop with the ugly hipster chick, but that's not saying much. The new commericial is great.

http://www.youtube.com/watch...