Monday, August 24, 2015

More on Kasich.....

There is an interesting article about John Kasich's term at Lehman Brothers.


Republican presidential rivals Jeb Bush and John Kasich bring to their campaigns their experience as governors of major battleground states, but they also share a resume line from their time in the private sector. The Florida and Ohio pols both worked at the ill-fated Wall Street investment bank Lehman Brothers just as the firm was racking up vast losses for their states' respective pension systems.

While Kasich has denounced Wall Street greed and Bush has criticized lawmakers who become lobbyists, during their time at Lehman they leveraged their public sector experience -- Bush as a former governor and Kasich as a former nine-term congressman -- to help the bank build relationships and navigate public policy matters....

....Kasich was hired to help run Lehman’s investment banking operation in January 2001 despite, by his own admission, having “close to zero” knowledge of the business. He was, however, a longtime ally of the financial industry during his 18 years in Congress. He voted for legislation to eliminate regulations on banks like Lehman. The month before he got the job at Lehman, Kasich sponsored a bill to allow Social Security money to be invested in financial firms -- including inevitably Lehman -- that stood to make hundreds of billions in profits had it passed.....

You might want to read the entire article here. How did Kasich do at Lehman?  John Kasich admits he had a 'fantastic time' at Lehman. (People that lost their funds did not have a fantastic time.)

•••• What is new in Ohio? Not much! It is the same old Republican attacks on women's health.

American Prospect:

If you're looking for true Republican policy innovations, don't bother with tax policy or national security; the place where the GOP is really exercising its creativity is in coming up with new ways to restrict abortion rights. In the latest inspired move, Republican state legislators in Ohio have introduced a bill to make it illegal for a woman to terminate her pregnancy because she has discovered that the baby would have Down syndrome. The bill is expected to pass, and though he hasn't yet taken a position on it, it would be a shock if Governor John Kasich—who is both an opponent of abortion rights and currently in search of votes in the Republican presidential primary—didn't sign it.
After it passes in Ohio (and even if by some strange turn of events it doesn't), look for identical bills to come up in state after Republican-controlled state. Anyone who objects will of course be accused of wanting to kill children with disabilities....

....Perhaps to expedite things, every women's health clinic could come equipped with a special hotline to the state legislature, where any woman who wants to end her pregnancy would have to justify it to a Republican state representative, who would have the final say. Maybe that will be the next bright policy idea from the party that says it's committed to getting government off your back.

Republicans are for less regulations----unless you have a uterus.