Saturday, May 11, 2013

That Was Then, This Is Now....

In March 2011, Gov. John Kasich bragged about his deal with American Greetings that included giving them money.

PlainDealer (March 7, 2011):

American Greetings Corp. has decided to keep its world headquarters in Northeast Ohio, a move that drew praise from local leaders but also touched off a potential bidding war among communities that want to attract the Fortune 1000 employer. 

The 105-year-old greeting card maker rejected the possibility of moving to Illinois but said Monday that it has not decided whether to remain in Brooklyn or move to another suburb. 

Ohio will provide a package of grants, loans and tax rebates worth a potential $93.5 million over 15 years to keep American Greetings here. Some of the incentives will come through tax reform legislation Gov. John Kasich signed into law Monday at American Greetings' headquarters....

Buried in today's (May 11, 2013)  Columbus Dispatch was this small piece of information:

American Greetings has cut 2,100 jobs in past two years

American Greetings Corp. has quietly been cutting jobs.
Tucked inside a 218-page annual report filed on Thursday was the news that the greeting-card maker had eliminated about 2,100 workers in its 2012 and 2013 fiscal years. The company’s fiscal years run through February.

How much of that $93.5 million did American Greetings get from Kasich and your tax money? Do you think the super secret Kasich administration will reveal that information to the public?

This follows the layoffs (see WKSU) at Diebold, another company that got money from the Kasich administration. Despite all the hoopla and bragging from Kasich, it is apparent that he has not created jobs in Ohio. Kasich was against the auto loan "bailout" created by President Obama, but Kasich wants you to overlook the auto manufacturing growth that has occurred in the state.  Obviously, Kasich doesn't know how to pick winners.