JOHN KASICH HAS SOME EXPLAINING TO DO …
|| By FITSNEWS || In case you missed the news last week, Worthington Industries – a company which received generous “economic development” incentives from South Carolina taxpayers – announced its intention to shutter its Florence, S.C. facility.
“The employees were completely blind-sided,” a local official told WBTW TV 13 (Florence/ Myrtle Beach, S.C.).
Ouch, right? Right …
How many employees are we talking about? More than 300 – all of whom will be out of a job by September.
Again … ouch.
Say it with us, everybody … “It’s a great day in South Carolina,” as S.C. governor Nikki Haley‘s crony capitalism strikes again.
But this isn’t another post about Haley’s failed efforts to improve the economy by taxpayer-subsidized bribes. This time we’re actually focusing on another “Republican” governor – one who will be traveling to the Palmetto State later this month in an effort to gin up interest for his 2016 presidential aspirations.
Which governor are we referring to? John Kasich of Ohio.
This website has already offered some early thoughts on Kasich’s 2016 candidacy – which at the moment has yet to enter “also-ran” territory.
Our view? He’s a great candidate … assuming you have a time-traveling DeLorean with the year ‘1989’ plugged into your time circuits (and an operational Flux Capacitor, obviously). Unfortunately in 2014, Kasich has morphed into a “go along to get along” politician – a status quo “Republican” who has embraced all manner of big government, including the Medicaid expansion accompanying Obamacare.
(We know … he should feel right at home in South Carolina).
What’s Kasich’s connection to Worthington? Well, he joined the Columbus-based firm’s board of directors shortly after he stepped down from the U.S. Congress in 2001 – and stay on its board until 2011. In fact from 2007 to 2011, he was paid $611,000 by the company.
Wow. Sounds like another ex-Congressman (now reelected Congressman) we know … and hate.
Anyway .. since becoming governor of Ohio, Kasich has rewarded his old firm with hundreds of thousands of dollars worth of tax breaks. In fact a “job creation” panel appointed by Kasich has doled out $619,000 to subsidiaries of Worthington Industries – which in turn has donated tens of thousands of dollars to the Ohio “Republican” party (in addition to lining Kasich’s pockets with “deferred compensation”).
Indeed … although Ohio’s ethics watchdog concluded prior to his 2014 reelection that Kasich’s shady dealings were “clear as a whistle.” Whatever that means.
What is clear … crystal clear? The adverse impact of Kasich’s current tax policies – which are drawing criticism from “Republicans” and Democrats alike in Ohio. Sure, Kasich deserves credit for proposing a $5.7 billion income tax cut – but he’s proposing at least $5.2 billion in tax hikes to offset the revenue losses.
Sheesh … why can’t “Republicans” just cut taxes? Why do they always have to “pay for” tax relief?
In addition to higher sales taxes, Kasich also wants to raise taxes on oil and gas – and raise taxes on commercial activity.
Will these taxes hurt companies like Worthington? Sure … but Kasich has already cashed out with Worthington. And paid out – at taxpayers’ expense.
So what does he care?
That’s a good question … one we expect more than 300 people now out-of-work in Florence County to ask him when he visits the state in two weeks.
“Sheesh … why can’t “Republicans” just cut taxes? Why do they always have to “pay for” tax relief? ”
Because silly, most of them really aren’t for smaller government.
Well, most of those republicrats dribbling the ball down court to DC, anyway.
Maybe the best idea would be to give DC back to the British.
Solyndra, and other WORTHLESS solar power boondoggles, swallowed $90 billion in government funds….
Where was the outrage…???
Democrats have WASTED BIG money on S#!t that is ill-fated from Day 1….A company failing – that was trying – in an Obama-Conomy…is not that big of a deal…
George Bush spent $1 trillion on the banks, that didn’t seem to bother you. Obama got all the money spent on GM back with interest – I guess you forgot that one. Obama collected back the $1 trillion Bush spent with interest – I guess you forgot that. You’re such a shrill.
WTF are you talking about??? That was passed because they knew Obama would win in 08 – and he wanted it, w/ the Democrats……Obama didn’t Build That…but he spent that, Dumb@$$…LMAO…
That’s ALL yours…like all the other waste and failure…Nobody believes it’s Bush ‘s fault…anymore…
Why do you LIE about what you are???…People know who F*#ked up the country…(See Nov. 4)….
“That’s ALL yours…like all the other waste and failure…Nobody believes it’s Bush ‘s fault…anymore…”
Really? I know you fucks want to re-write history, but another Bush isn’t going to scuff his shoes on the White House floor, so why don’t you spend your day doing something productive? I know it must a scary thought for you to get out of your house and enjoy life.
You likely want another Bush as much as you want another Clinton…you F*#king idiot…
I don’t want either…Whoever comes in will have a H#!! of MESS to clean up, thanks to 8 years of a HORRIBLE presidency…with a miserable party doing his bidding….
And the media is not going to let the Republican president blame Obama who is the real culprit…like they blamed Bush for all the stupid S#!t Obama has done…
What “Republican” president will that be? LMAO…
Arguing with you is like living the movie Ground Hog Day – and you’re that Sonny and Cher song.
Which one- “I Got You Babe”, “The Beat Goes On” or “Little Man”.
So it really IS all government’s fault! Apparently it matters not which poli-wog sits in the high chair.
Seems like any solution to that madness starts with Abolishing The IRS.
I think there’s plenty of crony capitalism to go around. In SC it’s rampant, and you couldn’t take out a single Democrat with a hydrogen bomb.
No…Republicans feed liberals, and their Dumb@$$ ideas too much…but the GOP backs off business…and lets the country flourish. See Bush 00-08…so EVERYBODY can get fat if they want to…
Democrats F*#k up EVERYTHING for EVERYBODY, except for their pals who rob us blind…You Dumb@$$…
Are any hard-charging, up-and-coming, investigative journalists in SC doing a comprehensive report on how much has been doled out to crony capitalists, how many jobs have been actually created, and how many subsequently lost? This may be among the greatest “legal” scams of the past century. What am I saying! We have no hard-charging, up-and-coming investigative journalists. Our “free” press has rolled over and died.
There may be a crony capitalist connection to Tuesday’s suicide of an Horry County Councilman who was also purchasing manager for PTR Industries, a gun manufacturer lured from Connecticut.
That was so convoluted I had to double-check to see if maybe I had written it.
That’s OK! Clemson is the last team to beat Ohio St. and South Carolina and Clemson are both 2-0 all time against Ohio St. We know what’s important.
Good one. History buffs may correct me, but I have it as 4-0 all time. And both SC teams prepared OSU for their eventual national championship by beating them in a bowl the prior year. So there’s that.
That’s what I meant. See my correction. Didn’t know USC beat them in a bowl prior to national championship.
I forgot about Va. Tech. beating O. ST. Last two teams to beat Ohio St. we’re ACC teams and 3 of the last 4 defeats.
Kasich is just following his “progressive” insiders and economic advisors …
The modest deflation brought on by the fed/treasury actions last week has shown itself this day in the markets. This will gradually bring a downturn in jobs in the private sector as the government top leaders begin to cover their asses to prevent their own financial degradation. By the end of summer even government employees will see this light.
Changes in congressional rules of conduct and ethics no longer punish those within government who practice insider trading and misuse of public funds, Kasich and most of those tied to the “progressive” elite power structures are in that CYA mode and will be playing financial games throughout the summer.
The downside for the rest of us is a potential degradation of our nest eggs, hopefully no greater than 20%,
The upside for the rest of us is that food and other necessities will stabilize and costs/prices generally for these basics of our lives will likewise be dropping an amount, hopefully that same 20%.
My advise: for the summer at least, cash will be king. Stash Hundred Dollar Bills. Dispose of those dogs and cats in your portfolios, hide some cash under your mattresses, get a bit more involved in any legitimate underground economic activity. Got fodder for the flea market?
Madam Yellen is really our friend so don’t throw that babe out with the bath water. She has started to listen to the likes of Greenspan, Lafer and Forbes. Rejoice, the Flat Tax Men cometh.
Kasich and his demo/republicrat cronies are the real enemy of individual wealth accumulation in this country … They want it all, and they plan on stealing a bunch from us now.
The Fools today are those Helot slaves and willing dupes of social just us … but they won’t be for much longer as Abe said …
Kasich is a douche and South Carolina’s unemployment rate is about as low as it has been in more than six years.
Yeah, it screws up the narrative…
If only Will could convince ZeroHedge to post some of his gloom and doom stuff on our economy, he could then lift his OWN material from them to re-post here. That might actually create a wrinkle in the fabric of the time-space continuum, though.
It is difficult to find any good news regarding the state of the nation’s business. The “progressives” keep hammering about such dufus ideas as taxing anyone who breaths (Cap and Trade taxes) or makes even a modest profit (which is driving most of the Fortune 500 offshore) … again, Oh, Bummer.
What narrative does it screw up?
Will’s “Nikki Haley’s worst in the world economic reports” narrative. Inside joke.
Current unemployment rate 6.6%
It was as low as 5.3% as recently as June 2014.
But the BLS recalculated rates all the way back to 1976.
Now they say it only went as low as 6.1% as recently as April 2014.
At the above link, if you change the beginning year to 2014 and look at the workforce and employment chart, you will see a sharp improvement for the last two months. SC is gaining jobs as fast as SC lost them in 2009-2010.
The rising unemployment rate is almost a blessing with so much hiring. The fact that more people are looking, helps employers.
I was going with the recalculated rates across the board.
I used the XLSX LINK at the top of the chart to put it in Excel.
I used it to show monthly improvements. The last two months showed more than 10,400 new jobs each. Never since records began in 1976 has SC never had more than 6535 new jobs in a single month.
I think that is big news, but nobody reports it as a big story because unemployment is still at 6.6%.
We’ve traditionally followed the country by 1 percent of so. Good link.
John Kasich, another mushy middle moderate — around the bowl and down the hole. NEXT !
I don’t like John Kasich, but I wonder if he rattled Paulbots’ feathers with this comment:
P!$$ FITS off…
I just made a donation to Memories Pizza at GoFundMe…
The Homosexual NAZI Lobby is threatening to burn it down…
That place is dead! Hahahahaha! How does it feel to have your ass kicked by right side of history?
Are you referring to Obama’s Iran Deal to give Nukes to the Jew-haters???…What a BIGOT you are…your name is accurate…