Pensacola Discussion Forum
Would you like to react to this message? Create an account in a few clicks or log in to continue.

This is a forum based out of Pensacola Florida.


You are not connected. Please login or register

Kasich about to lock up VP

+2
gatorfan
2seaoat
6 posters

Go down  Message [Page 1 of 1]

1Kasich about to lock up VP Empty Kasich about to lock up VP 3/10/2016, 9:19 am

2seaoat



I am not entirely convinced that Kasich ever was running for President. If he wins Ohio, does well in Illinois and Florida, he will be locking up the delegates which will put Trump over the brokered convention. The problem is that folks who voted for Kasich would NEVER vote for Trump, and we will have to see what the rules will be at the convention in regard to the right of a candidate to assign his delegates. I doubt that it will be an automatic, but Trump and Kasich as a ticket would put PA, IL, Wi, Mi, and most importantly Ohio into the Republican column because of blue collar democrats. If Kasich takes Ohio, and Trump takes Florida.....it is over.....Trump is the Republican nominee.

Jeb is looking stupid trying to stop Trump after he emasculated Jeb.

2Kasich about to lock up VP Empty Re: Kasich about to lock up VP 3/10/2016, 9:59 am

2seaoat



The funniest thing is that some folks argued that Rubio coming from a swing state and being able to draw hispanic voters was the ideal running mate for the eventual Republican nominee......well that was before Trumpzilla was let loose in Crazy town. Now Rubio is back stepping saying the personal attacks were a mistake.....he just realized that folks have figured out he is an empty suit, and that he is going to hustle for employment.....the vp nod......not a chance....besides.....Trump is taking little Marco's home state......It looks like Gator was wrong on this one....way wrong.

3Kasich about to lock up VP Empty Re: Kasich about to lock up VP 3/10/2016, 10:07 am

gatorfan



2seaoat wrote:The funniest thing is that some folks argued that Rubio coming from a swing state and being able to draw hispanic voters was the ideal running mate for the eventual Republican nominee......well that was before Trumpzilla was let loose in Crazy town.  Now Rubio is back stepping saying the personal attacks were a mistake.....he just realized that folks have figured out he is an empty suit, and that he is going to hustle for employment.....the vp nod......not a chance....besides.....Trump is taking little Marco's home state......It looks like Gator was wrong on this one....way wrong.

How so? Perhaps you could refresh my limited memory. If I'm wrong about something it wouldn't be the first time but I don't recall anything you could be referring to.

4Kasich about to lock up VP Empty Re: Kasich about to lock up VP 3/10/2016, 11:28 am

Guest


Guest

I voted, early in FL, for Kasich. I think he would bring exactly to the Oval Office the leadership and forward thinking that is needed for where we stand as a nation right now. He would not move backward but would work forward with common sense.

However, it does not look as if he will make it.

VP to Trump or not...I will NOT vote for Trump. Ever.

5Kasich about to lock up VP Empty Re: Kasich about to lock up VP 3/10/2016, 12:24 pm

2seaoat



My mistake. Your memory served you well.

Ghost made the prediction:

Is the dark horse about to make his move after the holiday season? I think so. Will he ultimately be the nominee ... even if it comes to a brokered convention? I'm starting to think so.



My apology to Gator.

6Kasich about to lock up VP Empty Re: Kasich about to lock up VP 3/10/2016, 12:47 pm

Floridatexan

Floridatexan

http://www.alternet.org/election-2016/10-reasons-why-john-kasich-rabidly-right-wing-rest-gop-presidential-candidate-pack

I do not understand the fascination with Kasich.

7Kasich about to lock up VP Empty Re: Kasich about to lock up VP 3/10/2016, 1:05 pm

2seaoat



I like him on the national scene because he has a history of cutting the defense budget. If a Democrat cuts it, they are seen as weak on defense. If a conservative republican cuts the defense budget, this country is back on the path to healing. We need somebody to cut waste and spending which makes us less safe and in the end will destroy this country.

8Kasich about to lock up VP Empty Re: Kasich about to lock up VP 3/10/2016, 5:49 pm

Floridatexan

Floridatexan


What's your answer to this, Seaoat?

It’s not surprising that Ohio's twitchy Republican governor, John Kasich, who just announced his candidacy for president, was picked by Fox News for its primetime 2016 candidate debate. This is the man who went to Cleveland and told Browns football fans that he rooted for their arch-rival, the Steelers. But his real loyalty has always been to the rich and powerful. In the era of the Kent State shooting, he was one of Nixon’s Stepford-clone youth.

His new allegiance is to his media mentor, Rupert Murdoch. In 2010, the creator of right-wing agi-prop and faux news gave $1 million to the Republican Governor’s Association to get his bloviator elected in his first election. Kasich has returned the loyalty by pledging eternal fealty to “unnatural persons” called corporations.

After working for Murdoch and prior to being elected, Kasich spent his time hawking junk assets for the now-defunct Lehman Brothers investment bankers. He helped sell these worthless assets to the tune of $500 million into Ohio’s public retirement system, particularly the State Teacher’s pension funds. He made untold millions, which he refused to disclose, while looting the pensions of school teachers and public employees.

As soon as Kasich entered office he attacked the public employees he had just ripped off through Lehman brothers. On March 31, 2011, Kasich signed the draconian Senate Bill 5 into law. The new law required that no salary increases could be based on seniority and it drastically limited collective bargaining for the 360,000 public union workers in Ohio. Kasich told them to get on the bus, or get run over. Last fall, the quirky governor’s campaign commercials claim that he “listened.” Indeed, the bus was hijacked by working people in the form of 1.3 million signatures to repeal the bill. On election night 2011, Issue 2 supporting Kasich’s anti-union law failed 61 percent to 39 percent.

Who Kasich really listens to is the American Legislative Exchange Council (ALEC). More than three decades ago, this corporate front masquerading as an advocate for “limited government” and “free markets” began plotting to make the 1 percent richer and steal the wealth of our nation’s working class. ALEC lists among its key founders Paul Weyrich, who openly advocates suppressing poor and minority voters, as well as the white supremacist, the late Senator Jesse Helms. Also on the ALEC website there’s a note stating “Among those who are involved with ALEC in the formative years were … John Kasich of Ohio.” ALEC, now primarily funded by the notorious Koch Brothers, provided Senate Bill 5 as its model legislation and its legislation is a manual for destroying worker’s rights under the guise of “saving taxpayers money.”

Here are 10 ways that Kasich has hurt Ohioans.

1. Attacking workers. Under Kasich, according to the Federal Reserve Bank of Philadelphia, Ohio stood as one of the two worst economies in the nation at the end of 2013. When he took office in January 2011, Ohio ranked 26th in private sector job growth. While Kasich ran hard last year as a “job creator,” the U.S. Department of Labor notes that the state was 46th nationally. From January-August 2014, the Buckeye state gained a mere 5,289 jobs. Also, while the rest of the nation has regained all of the jobs lost during the 2008 economic meltdown, Kasich still needs to create 213,000 new jobs just to return to pre-recession numbers in Ohio. The Kasich campaign keeps reiterating that “Kasich works.” The question is, for whom? If re-elected, the rumor is Kasich will turn Ohio into a “right to work” state.

2. Privatizing schools. Kasich’s ALEC handbook includes the destruction of public education. Since taking office, Kasich has cut more than half a billion dollars from public education in Ohio. He also has failed to change the unconstitutional funding formula for the state’s K-12 school system. He increased charter school funding by $57 million, in particular, rewarding White Hat Management that runs many of Ohio’s charter schools and whose owner is a big Republican donor.

3. Anti-environment. When Kasich first took office as governor, he killed a train line – meant to restore passenger service between Cleveland, Columbus and Cincinnati. Kasich’s reasons may have made sense in a Tea Party world. But some $400 million had already been secured. When it died, all that money left the state, along with untold jobs and income. Hugely expensive highway projects have followed with intense environmental damage and instant obsolescence. Columbus may be the western world’s largest capital city without passenger rail service.

In June 2014, Kasich signed the controversial Senate Bill 310 that froze Ohio’s renewable energy and energy efficiency standards at their present levels for two years. A report from the Ohio Advanced Energy Economy documented that between 2009 and 2013, the law Kasich overturned – the Renewable Energy Standards (RES) law – cost $456 million to implement, but saved Ohio residents $1.03 billion. Since RES was implemented, more than $1 billion had been invested in Ohio by private renewable energy companies, some who now say they will move out of the state. Six weeks prior to Kasich signing S.B. 310, oil magnate David Koch donated $12,155 to Kasich’s re-election campaign – the maximum allowed under law.

On people’s right to clean water, Kasich has been a complete failure. Not only has he allowed the people of Toledo to be afflicted by toxic water, he has also permitted radioactive fracking water to be dumped in our state from Pennsylvania and West Virginia.

In one of the most cynical moves imaginable, when it was discovered that the fracking water being shipped into Ohio from Pennsylvania and West Virginia had high rates of radioactivity, Kasich assigned the rangers of the Ohio Department of Natural Resources to solve the problem, relieving the more competent Ohio Environmental Protection Agency and Ohio Health Department of duty. These were the agencies that uncovered the radioactivity.

And like his original mentor Nixon, Kasich developed a fracktivist “enemies list” targeting environmentalists for harassment.

4. Anti-reproductive rights. While Kasich’s 2014 campaign commercials made him sound like the next best thing to feminist Betty Friedan, last year's June Cosmopolitan magazine ran an article entitled: “How Ohio Became One of the Worst States for Reproductive Rights in the Country.” It is like a time machine taking us back to the 1950s: a gag order on rape crisis counselors on talking about abortion, defunding Planned Parenthood, and the “heartbeat bill” banning abortions on pregnancies over 20 weeks. Because of Kasich’s and the state legislature’s new laws, abortion clinics all over the state are closing.

Regarding women’s income and employment rates, the Institute for Women’s Policy Research ranked the Buckeye State a mediocre 33rd out of 50 states in 2014 in economic opportunities for women.

5. Anti-LGBT equality. On marriage equality, Kasich is a hater. He is fighting alongside Ohio Attorney General Michael DeWine to overturn federal rulings supportive of same-sex marriage in Ohio. One would think the ambitious Kasich would at least adopt the decade-old 2004 George W. Bush strategy of being for “civil unions.” He briefly embraced the position in 2013, before his spokesperson stepped in to clarify things – that Kasich didn’t really understand what civil unions meant, and the governor not support any recognition of any same sex relationships. In his last year in Congress in 2001, the Human Rights Campaign gave Kasich a 10 percent out of 100 percent rating for supporting equality for LGBT people. Kasich still clings to Issue 1 from 2004, telling the Columbus Dispatch that “marriage is between and man and a woman.”

6. Tax cuts for the rich. Kasich decided to balance the state budget on the back of local governments. He not only stripped half a billion dollars from schools, but has decreased funding intended for cities, townships and counties. One of his techniques was ending the Ohio inheritance tax. The bulk of the proceeds from the inheritance tax went to counties and municipalities. The tax was progressive in nature, falling heaviest on the 1 percent (wealthiest people in the state).

Also, Kasich’s much-touted state income tax cut benefited his rich friends as well. The 21 percent decrease, to be fair, started under GOP Governor Bob Taft, but the net effect embraced by Kasich was that very few of the tax savings were passed on to working and middle class Ohioans. If you made $40,000 a year, you paid $72.88 less in state tax under Kasich. If you made $206,250 a year, you’d pay $977.63 less. If you were one of Kasich’s millionaire donors you would have saved thousands of dollars a year.

Kasich has announced that his goal is to totally eliminate Ohio’s income tax by 2016. He plans to use the money in Ohio’s nearly $2 billion “rainy day fund” for a sound bite about how he’ll eliminate the income tax in Ohio as he runs for president. Ohioans will be further plagued by unconstitutional schools, vicious prisons, declining public services, deteriorating roads, bridges and sewage treatment facilities – public services formerly funded by the state income tax and inheritance taxes.

7. Tax increases for the poor. Kasich eliminated a homestead property tax exemption cutting funds to thousands of seniors and disabled Ohioans. Budget analysts predict that Kasich’s defunding of public education and his inheritance and income tax cuts will raise property taxes by 12.5 percent to continue to fund schools. Seniors on fixed incomes will be hit the hardest.

8. Punish wefare recipients. In a cynical and shocking move, Kasich rejected a federal waiver in 2013 and instead reinstated Dickensian work requirements for the poor. With a bad economy, the federal government was allowing Ohio not to require hundreds of thousands of welfare recipients to report for make-work jobs. Social welfare agencies pointed out that it would cost more to pay staff to supervise the workers than the value of their work was worth. The Columbus Dispatch quoted Marilyn J. Tomasi, Vice President of the Mid-Ohio Food Bank, as stating, “What happened is the state rejected the waiver. 134,000 Ohioans showed up at food pantries.”

9. Embrace voter suppression. In a state where the Democrats, Republicans and Independents are fairly evenly divided, Kasich and his GOP cohorts have gerrymandered the Congressional districts to give 12 out of the 16 Congressional seats to Republicans and make sure that the seats are non-competitive.

The only reason Kasich had a chance of re-election in 2014 was because of our decade-long tradition of voter suppression. Ohio Secretary of State Jon Husted (R) has decided that under the guise of “fairness” there will only be one early voting site in each of Ohio’s 88 counties, regardless of the county population. A county with over a million voters and a county with 10,000 voters have exactly the same number of locations to vote early – one. Under Husted’s predecessor, Franklin County, with 1.3 million people, had five early voting sites.

Also, Kasich tried to eliminate the competition. Federal court records document that Kasich’s office directed the removal of the Libertarian Party from the ballot in Ohio earlier this year. On the day the Libertarian gubernatorial candidate Charlie Earl announced his campaign and was showing 6 percent in the polls, Kasich and his Republicans partisans in the legislature set out to destroy the third party that was cutting into GOP votes. First they outlawed it, but a federal court blocked that.

Using Republican political operative Terry Casey, the governor then orchestrated a challenge to signatures on the Libertarian Party candidates’ petitions. The Libertarians sued, then Kasich had his lackey, Jon Husted, appoint well-known Republican partisan Brad Smith as the supposed neutral arbitrator in the case. Smith was the intellectual force behind the infamous “Citizens United” decision that proclaimed corporations are people and donations to candidates are the same as free speech.
Kasich was successful in keeping a Libertarian opponent off the ballot and made the state even more repressive to minor parties, other points of view, and democracy.

10. Privatize prisons. One of Kasich’s original budgetary plans was to further privatize Ohio’s prisons. He didn’t succeed with that plan, but did save the state money by hiring Aramark for prison food service, a company that is famous for serving prisoners maggots. A recent demonstration by prison workers and unions was prompted by budget cuts to prison security staff. The Ohio Civil Service Employees Association [OCSEA] called our prisons “violently dangerous” for prison workers. Under Kasich, the prison population has risen, causing overcrowding and dangerous conditions for both prisoners and prison staff.

Last fall, you couldn’t ask Kasich about any of these issues, since he refused to debate his opponents and instead ran 30-second propaganda commercials funded by the kleptocrats who made him governor -- and now want to run him for president.

**************

9Kasich about to lock up VP Empty Re: Kasich about to lock up VP 3/10/2016, 6:19 pm

Guest


Guest

Did you write that? Hahaha... just kidding. Link?

10Kasich about to lock up VP Empty Re: Kasich about to lock up VP 3/10/2016, 6:47 pm

RealLindaL



PkrBum wrote:Did you write that? Hahaha... just kidding. Link?

Pkr, FT gave the link to that piece in her post immediately prior to seaoat's.

Every time I start thinking Kasich might be OK, more info comes to light to quash that thought.  

Heck, at one point I even had the outrageous thought that Hillary should pick him as her running mate, show she's serious about "cross the aisle" politics.  Well that'll never happen, of course, for more reasons than one, but am just saying the guy almost had me a couple of times --  but I'm done even considering him.  Plus he just can't win anyway.

11Kasich about to lock up VP Empty Re: Kasich about to lock up VP 3/10/2016, 8:38 pm

Markle

Markle

PkrBum wrote:Did you write that? Hahaha... just kidding. Link?

Plagiarism because the source is the far left Progressive site Alternet has such a negative, unbelievable reputation.

John Kasich would make an outstanding VP.  He has a terrific record.

12Kasich about to lock up VP Empty Re: Kasich about to lock up VP 3/10/2016, 8:39 pm

ZVUGKTUBM

ZVUGKTUBM

SheWrites wrote:I voted, early in FL, for Kasich.  I think he would bring exactly to the Oval Office the leadership and forward thinking that is needed for where we stand as a nation right now.  He would not move backward but would work forward with common sense.

However, it does not look as if he will make it.

VP to Trump or not...I will NOT vote for Trump.  Ever.


The wife and I also voted for Kasich (by mail) and neither of us will vote for Trump in November.

http://www.best-electric-barbecue-grills.com

13Kasich about to lock up VP Empty Re: Kasich about to lock up VP 3/10/2016, 8:44 pm

ZVUGKTUBM

ZVUGKTUBM

Markle wrote:Plagiarism because the source is the far left Progressive site Alternet has such a negative, unbelievable reputation.

Is the site any more partisan than HotAir.com, TheGatewayPundit.com, Brietbart.com, or weeklystandard.com? Are not those sites ones you like to frequent?

http://www.best-electric-barbecue-grills.com

14Kasich about to lock up VP Empty Re: Kasich about to lock up VP 3/10/2016, 9:51 pm

Markle

Markle

ZVUGKTUBM wrote:
Markle wrote:Plagiarism because the source is the far left Progressive site Alternet has such a negative, unbelievable reputation.

Is the site any more partisan than HotAir.com, TheGatewayPundit.com, Brietbart.com, or weeklystandard.com? Are not those sites ones you like to frequent?

As you know, yours is an opinion piece, from a far left Progressive site. You attempt to pawn off the obvious plagiarism as your own work and attempted to conceal the site entirely.

Here is the link to your year old opinion piece. And, in fact, as you know the Blog originally appeared at another Progressive site, the Free Press.

http://www.alternet.org/election-2016/10-reasons-why-john-kasich-rabidly-right-wing-rest-gop-presidential-candidate-pack

15Kasich about to lock up VP Empty Re: Kasich about to lock up VP 3/10/2016, 11:12 pm

ZVUGKTUBM

ZVUGKTUBM

Markle wrote:Here is the link to your year old opinion piece.  And, in fact, as you know the Blog originally appeared at another Progressive site, the Free Press.

http://www.alternet.org/election-2016/10-reasons-why-john-kasich-rabidly-right-wing-rest-gop-presidential-candidate-pack

Why are you confusing me with poster Floridatexan?????

PERIOD END OF STORY

http://www.best-electric-barbecue-grills.com

16Kasich about to lock up VP Empty Re: Kasich about to lock up VP 3/10/2016, 11:25 pm

2seaoat



Kasich attacked public unions....he is my kind of governor.

17Kasich about to lock up VP Empty Re: Kasich about to lock up VP 3/10/2016, 11:26 pm

Markle

Markle

ZVUGKTUBM wrote:
Markle wrote:Here is the link to your year old opinion piece.  And, in fact, as you know the Blog originally appeared at another Progressive site, the Free Press.

http://www.alternet.org/election-2016/10-reasons-why-john-kasich-rabidly-right-wing-rest-gop-presidential-candidate-pack

Why are you confusing me with poster Floridatexan?????

PERIOD END OF STORY

Sorry about that.

Six of one, half a dozen of another. I'll try to see it doesn't happen again. Were I you, I'd be offended too.

18Kasich about to lock up VP Empty Re: Kasich about to lock up VP 3/10/2016, 11:44 pm

Floridatexan

Floridatexan

2seaoat wrote:Kasich attacked public unions....he is my kind of governor.

Do you understand that he gutted their pension plans before attacking them directly as governor? He's no different than Walker, Brownback, Snyder, Scott, or Abbott. They're all following the Koch Bros./ALEC model.

http://www.cleveland.com/business/index.ssf/2010/04/ohio_pensions_took_480_million.html

19Kasich about to lock up VP Empty Re: Kasich about to lock up VP 3/11/2016, 3:16 am

RealLindaL



SheWrites wrote:I voted, early in FL, for Kasich.  I think he would bring exactly to the Oval Office the leadership and forward thinking that is needed for where we stand as a nation right now.  He would not move backward but would work forward with common sense.

However, it does not look as if he will make it.

VP to Trump or not...I will NOT vote for Trump.  Ever.


cheers cheers cheers

20Kasich about to lock up VP Empty Re: Kasich about to lock up VP 3/11/2016, 3:28 am

RealLindaL



Markle wrote:
ZVUGKTUBM wrote:
Markle wrote:Plagiarism because the source is the far left Progressive site Alternet has such a negative, unbelievable reputation.

Is the site any more partisan than HotAir.com, TheGatewayPundit.com, Brietbart.com, or weeklystandard.com? Are not those sites ones you like to frequent?

As you know, yours is an opinion piece, from a far left Progressive site.  You attempt to pawn off the obvious plagiarism as your own work and attempted to conceal the site entirely.

Here is the link to your year old opinion piece.  And, in fact, as you know the Blog originally appeared at another Progressive site, the Free Press.

http://www.alternet.org/election-2016/10-reasons-why-john-kasich-rabidly-right-wing-rest-gop-presidential-candidate-pack

Since Markle got confused and accused Z-man of plagiarism instead of FT, she may not have picked up on this egregiously false accusation at all.   As I stated in an earlier post above, FT had CLEARLY already listed the link to the quoted piece a couple of posts above the piece itself.   Had Markle bothered to click on her link in the first place, he would've seen that.  Seems to me he owes FT an apology.

21Kasich about to lock up VP Empty Re: Kasich about to lock up VP 3/11/2016, 8:35 am

Guest


Guest

Floridatexan wrote:
2seaoat wrote:Kasich attacked public unions....he is my kind of governor.

Do you understand that he gutted their pension plans before attacking them directly as governor? He's no different than Walker, Brownback, Snyder, Scott, or Abbott. They're all following the Koch Bros./ALEC model.

http://www.cleveland.com/business/index.ssf/2010/04/ohio_pensions_took_480_million.html

The public unions through corrupt collusion with public officials have determined themselves entitled to cede themselves such lavish benefits that the burden literally bankrupt the cities, states, fed... that they were trusted to serve.

There should be NO public unions... even fdr saw the flaw and fallacy of that. We the people have no seat at negotiations... it's corrupt. How public service became a cash cow was a very long slow progressive movement. It must end.

22Kasich about to lock up VP Empty Re: Kasich about to lock up VP 3/11/2016, 9:47 am

2seaoat



You are blaming Kasich for the collapse of the market? Are you blaming him for being an employee in Ohio in a two man office for the Pension crisis? really? If what you are saying was even close to reality and Kasich had anything to do with any fraud or intentional bad act, he should be prosecuted, but the proposition is as absurd as Hillary being prosecuted for emails. Partisan hackery. I have a real problem with public pensions in the rust belt. Both sides of the aisle kept giving themselves raises and the smoke screen which allowed the same was doing the same for all public employees. State government grew, and an elementary school teacher in Illinois could make 110k three years before retiring, and end up with a 75k guaranteed pension which both sides of the aisle did not make the state contributions and now current students and teachers are being starved.....the teacher unions want it all, but no elementary school teacher in America is worth 100k a year.....not one. High School specialist in math, chemistry, physics should receive higher compensation, but this one size fits all has left the system bankrupt, and it sure as hell was not the fault of Kusich.....he is part of the solution. I get that I do not agree with all his social and platform positions, but until you see the amount of state debt caused by public unions, you cannot grasp the crisis. I am a total supporter of private unions in the private sector. There you need to have a balance of strength, but public employees have a fiduciary duty to serve the public....not serve themselves....go John go......

23Kasich about to lock up VP Empty Re: Kasich about to lock up VP 3/11/2016, 10:58 am

Floridatexan

Floridatexan

Why should public sector employees, who in many cases don't qualify for SS, be deprived of retirement benefits? The problem is not with the individual employee benefits but with the lack of regulation in the financial sector, which allowed some of these funds to be comprised of collateralized debt obligations (CDO's) such as those based on housing market derivatives. When the underlying assets were overvalued, the CDO's collapsed because they relied on the value of the bundled assets that weren't worth "the paper they were printed on". Yes...there are individual state regulations that allow abuses in public sector benefits, such as in Florida, where a public sector employee can begin receiving retirement and rehire the next day with full compensation.

And, in fact, the Great Recession of 2008 caused similar losses in retirement benefits in the private sector. Kasich (and Jeb) both worked at Lehman prior to the housing market collapse. Lehman Bros. collapsed because they were over-leveraged and already in trouble before the rest of the financiers fell prey to their own greed, necessitating the "bailouts".

Kasich ran for governor as a Tea Party candidate with the financial backing of both Fox News and the Koch brothers (ALEC). He then proceeded to attack the public sector unions...the same unions he had padded with worthless Lehman derivatives.

http://www.cleveland.com/business/index.ssf/2010/04/ohio_pensions_took_480_million.html

Ohio pensions took $480 million hit after Lehman collapse

http://www.afscme.org/issues/pension-security/resources/state-pension-fact-sheets/document/Ohio_Public_Employees_Retirement_System.pdf

The Truth about the Ohio Public Employees' Retirement System

https://www.quora.com/Why-did-Lehman-Brothers-fail-while-other-financial-firms-did-not

Eric Fair:

"Lehman Brothers was recapitalizing itself almost totally every night because that was the cheapest way to borrow the funds. That worked just fine until some of their lenders began to doubt the firm's solvency (with good reason given the Repo 105 nonsense that was going on), and made noises about not lending to them any more. If enough of Lehman's lenders refused to lend to them, they'd go bankrupt literally overnight.

Lehman Brothers had a significant position in mortgage-backed securities which were losing value; their position was highly leveraged (24:1) which magnified the losses exponentially. Their creditors were thus quite reasonably concerned.

The federal government had in March 2008 organized a "rescue" (of sorts) of Bear Stearns (the shareholders lost just about everything in the sale, so one can definitely argue about whether that was really a "rescue"), but that was seen as adding to moral hazard and federal officials (e.g. Treasury Secretary Henry Paulson) weren't sure they had the legal authority to outright rescue Lehman Brothers (remember: this was pre-TARP (Troubled Asset Relief Program)); nobody wanted to buy Lehman Brothers and assume its liabilities.

So, absent funds from lenders with which to operate the company, Lehman Brothers filed for bankruptcy protection on September 15, 2008. That bankruptcy filing, in turn, precipitated a "run" on the money markets which (quite rightly) scared the shit out of everybody."

24Kasich about to lock up VP Empty Re: Kasich about to lock up VP 3/11/2016, 11:08 am

Floridatexan

Floridatexan

2seaoat wrote:You are blaming Kasich for the collapse of the market?  Are you blaming him for being an employee in Ohio in a two man office for the Pension crisis?   really?   If what you are saying was even close to reality and Kasich had anything to do with any fraud or intentional bad act, he should be prosecuted, but the proposition is as absurd as Hillary being prosecuted for emails.  Partisan hackery.  I have a real problem with public pensions in the rust belt.  Both sides of the aisle kept giving themselves raises and the smoke screen which allowed the same was doing the same for all public employees.  State government grew, and an elementary school teacher in Illinois could make 110k three years before retiring, and end up with a 75k guaranteed pension which both sides of the aisle did not make the state contributions and now current students and teachers are being starved.....the teacher unions want it all, but no elementary school teacher in America is worth 100k a year.....not one.   High School specialist in math, chemistry, physics should receive higher compensation, but this one size fits all has left the system bankrupt, and it sure as hell was not the fault of Kusich.....he is part of the solution.  I get that I do not agree with all his social and platform positions, but until you see the amount of state debt caused by public unions, you cannot grasp the crisis.   I am a total supporter of private unions in the private sector.  There you need to have a balance of strength, but public employees have a fiduciary duty to serve the public....not serve themselves....go John go......

No...I'm not singling out Kasich for the entire financial crisis. And I'm not diminishing the effects of corruption in the public sector...just pointing out that the financial industry, without sufficient regulation, significantly diminished the value of Ohio retirement funds. What a teacher makes in Ohio is beside the point.

25Kasich about to lock up VP Empty Re: Kasich about to lock up VP 3/11/2016, 3:43 pm

Markle

Markle

RealLindaL wrote:
Markle wrote:
ZVUGKTUBM wrote:
Markle wrote:Plagiarism because the source is the far left Progressive site Alternet has such a negative, unbelievable reputation.

Is the site any more partisan than HotAir.com, TheGatewayPundit.com, Brietbart.com, or weeklystandard.com? Are not those sites ones you like to frequent?

As you know, yours is an opinion piece, from a far left Progressive site.  You attempt to pawn off the obvious plagiarism as your own work and attempted to conceal the site entirely.

Here is the link to your year old opinion piece.  And, in fact, as you know the Blog originally appeared at another Progressive site, the Free Press.

http://www.alternet.org/election-2016/10-reasons-why-john-kasich-rabidly-right-wing-rest-gop-presidential-candidate-pack

Since Markle got confused and accused Z-man of plagiarism instead of FT, she may not have picked up on this egregiously false accusation at all.   As I stated in an earlier post above, FT had CLEARLY already listed the link to the quoted piece a couple of posts above the piece itself.   Had Markle bothered to click on her link in the first place, he would've seen that.  Seems to me he owes FT an apology.

Kasich about to lock up VP LOL_zpsrc5py0ql

Sponsored content



Back to top  Message [Page 1 of 1]

Permissions in this forum:
You cannot reply to topics in this forum