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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... →During the campaign, John Kasich heavily criticized Ted Strickland for having an interim director at the Ohio Department of Development before making her the permanent director.
PolitiFact called this statement from Kasich “False” because it implied that there was no leadership in the office during that time when for the most part it was run by the same person. But Kasich continued to use the line of attack, saying that the failure of the Strickland Administration in having steady leadership in the agency was a reason for Ohio’s economic problems during the Great Recession.
So, how has Kasich [...]
Full Story... →Butler and Warren Counties is about as deep red of a county with a significant population that you’re going to find in Ohio. The default GOP political map for any statewide campaign is to run up the score to offset the Democratic advantages in Cleveland and Youngstown. These are the counties that Ken Blackwell still managed to carry despite getting only 36% statewide.
These counties are not just controlled by Republicans, the GOP holds every virtually partisan office to the point that many Democrats are technically registered Republicans because the GOP primary is just about the only contested race voters [...]
Full Story... →In 2006, nearly 57% of Ohio voters passed a constitutional amendment to guarantee a minimum wage law in this State that was automatically tied to inflation. It was an election in which 53% of all registered voters in Ohio voted.
Fast forward to 2010, John Kasich is elected with roughly 49% of the vote in an election in which 49% of all register voters in Ohio voted.
Here is what the voters of Ohio enshrined in the State’s constitution in 2006 with a sizeable majority of the vote (Art. II, Sec. 34a of the [...]
Full Story... →It’s hard to capture every nuisance and change in the budget when it takes the Senate GOP caucus fifteen pages just to describe the amendments, and I haven’t the time (or yet present ability) to read the amendments myself.
WHAT’S OUT:
Workers Compensation Council. InnovationOhio was quick to declare a partial victory in that the Ohio Senate’s omnibus budget amendment eliminates the unstaffed Workers Compensation Council. That’s pretty remarkable when you consider ordinarily such a move should have been made in the separate budget for Workers Compensation that has already been signed into law. Also, we all know that [...]
Full Story... →Ohio’s unemployment rate dropped from 8.9% in March to 8.6% in April as the State made a net gain of 8,600 jobs. Over the past twelve months, Ohio has 67,000 new jobs.
Service-providing industries increased 9,800 over the month to 4,287,200. The most significant gains occurred in professional and business services (+7,100) and trade, transportation, and utilities (+4,200). Other industries gaining jobs included government (+1,900), information (+1,100), and financial activities (+600). Leisure and hospitality (-2,900), educational and health services (-2,100), and other services (-100) experienced over-the-month losses. Goods-producing industries, at 809,300, were down 1,200 from March, driven by a [...]
Full Story... →Just because he called the bailout of GM “throwing good money after bad,” apparently, didn’t stop Governor Kasich from going up to Toledo to participate in GM’s announcement that it was adding 400 jobs there. I wonder if they served him crow for lunch?
Meanwhile, ODP takes the opportunity to attack… Ken Blackwell over his opposition to the GM bailout that the non-lawyer called potentially “illegal.” Being a Republican means never having to admit you were wrong.
Full Story... →During his 100 day celebration, after declaring his need to avoid “unforced errors,” Governor Kasich suggested that part of what SB 5 did was bring state government benefits more in line with the “shabby” benefits of private workers like a waitress at Bob Evans. By bringing Ohio’s public employee union benefits, to the “shabby” benefits of minimum wage, non-union jobs like the waitress at Bob Evans saves the State money, Kasich argued.
(Source: Marc Kovac @ Ohio Capital Blog)
So, would the State of Ohio save money if it provided benefits like Bob Evans does? No.
In [...]
Full Story... →The Cincinnati Enquirer reported that the Cincinnati Public School District is eliminating 145 teaching positions and thirty additional staff positions, all through attrition. The Enquirer cites anticipated cuts in state funding in education as part of the reason. Nearby Princeton School District has already announced a layoff of 100. In a separate story, the Northwest School District in Hamilton County announced the elimination of 51 positions, 18 of which are teachers who will be laid off.
In today’s Dayton Daily News, the Ohio Department of Rehabilitation and Corrections announced the elimination of 50 positions, all through attrition, [...]
Full Story... →As Governor Kasich and his allies boast about how JobsOhio is putting Ohio at the head of a “jobs race” among the States, several national media outlets question what the heck Ohio is thinking.
You know, liberal rags like USA Today and the Wall Street Journal, which both have reported that many of these economic development efforts fail to make meaningful progress in improving an area’s economy, but do encourage businesses to engage in an incentives racket to pit one area against another.
When Kasich starts to lose even the Wall Street Journal, well, game over, man…. game over.
Full Story... →As Speaker Batchelder and other members of the GOP-led House are getting earfuls at town hall meetings across Ohio over the Governor’s unpopular education budget, the Cleveland Plain Dealer reports that Kasich’s budget hurts the Cuyahoga County school districts that Kasich actually carried in the district.
As the House GOP asserts some measure of distance from Kasich’s budget by introducing hundreds of amendments, a real debate is shaping up between the House GOP and the Kasich Administration as to whether the half a billion expected “Strickland surplus” should be used to reduce Kasich’s job-killing cuts or to replenish the State’s “rainy day” fund to please Wall Street.
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- Ohio Republicans AGAIN Try to Pass Unconstitutional Laws. This Time: Welfare Drug Testing http://t.co/JagJTlmc
- Plunderbund Exclusive – Cuyahoga County Executive Ed Fitzgerald Interview http://t.co/zzznaJUh
- Ohio Republican Party’s new executive director at heart of public corruption scandal http://t.co/cJzM42cs
- Teacher evaluation process exempted from collective bargaining in SB5-style move - http://t.co/VPWyeUzY
- Nina Turner throws teachers under the bus - http://t.co/TSO7N9r9
- [EXCLUSIVE] Plunderbund interviews Stephen Hill, gay soldier booed at GOP debate, abt Obama's marriage equality support http://t.co/Qi7GpSUO
- Ohio Supreme Court Recognizes a Right to Privacy in the Constitution. Does Romney? http://t.co/yXVNEM94
- #LGBT @EqualityOhio Celebration of Pres @BarackObama #historic Revelation #MarriageEquality http://t.co/MwrGkEbk
- JobsOhio now accepting secret private donations. What could POSSIBLY go wrong? http://t.co/9nEw7yzW
- Booed Gay Solider Reacts 2 Pres @BarackObama's Historic Announcement in Support of #MarriageEquality http://t.co/6MHw8cOs
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