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Wednesday, May 12, 2010
Strickland on Kasich: “He’s Wall Street to the core”
Gov. Ted Strickland roared into the general election campaign on Wednesday, May 12, with a withering attack on his Republican opponent John Kasich’s work as a managing director of Lehman Brothers, the Wall Street investment banking firm whose 2008 bankruptcy has been blamed for the nation’s economic meltdown.
“…when Lehman Brothers plummeted into the largest bankruptcy in the history of the United States, Congressman Kasich and the top people at Lehman brothers put out their hands and kept getting paid,” Strickland said in his 25-minute speech at Ohio Democratic headquarters here.
Strickland said investors all over the world, including Ohio state pension funds, lost “hundreds of millions of dollars because of Lehman Brothers’ collapse.” He assailed Wall Street “greed.”
Kasich, he said, is “Wall Street to the core.”
See the whole speech here.
Rob Nichols, Kasich’s spokesman, fired back with this email:
“The most important thing for Ohio right now is to create jobs and revive our economy. Ohioans have had three and a half years to judge Ted Strickland’s performance, and by every measure, he has failed and Ohioans are moving on.
“Ted Strickland’s fixation on negative attacks does nothing to revive our economy or create jobs, and is a transparent admission that he has nothing to brag about in his own record. Ohioans will see through him and hold him accountable in November.”
Kasich, a former Columbus-area U.S. House member, was a managing director for Lehman Brothers for about eight years from about 2001 until shortly after the firm collapsed in 2008.
Strickland said that Kasich once touted his work at the firm but now has removed any mention of it from his campaign Web site. Kasich used to “drop the names of his fellow business big shots” like Lehman Brothers CEO Dick Fuld, said Strickland.
Kasich, according to Strickland, said “I like people who are really smart and really great leaders.”
“And, he forgot to mention, really, really unethical,” Strickland said.
The governor contrasted Kasich’s “Wall Street values” with the values Strickland said he had learned from his parents growing up on rural Duck Run in Scioto County in southern Ohio.
His best advice, Strickland said, came from his mother: “Love your family and look out for each other.”
He mocked Kasich’s work as a Wall Street investment banker:
“…before I’d go to John Kasich for lessons on successful banking, I’d go to Dick Cheney for lessons on safe hunting.”
After the speech, Strickland acknowledged that he is trying to define Kasich to voters in the wake of polls that show many Ohioans don’t know enough about Kasich to have an opinion of him.
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TweetStrickland, Kasich heat up race for governor
With the primary now a week behind them, Democratic Gov. Ted Strickland and his Republican challenger, former U.S. Rep. John Kasich, began ratcheting up their campaign efforts on Wednesday, May 12.
Strickland will deliver what his campaign is calling “a major campaign speech—his first in the race—outlining the stark choices for governor and the high stakes of the November election” at 11 a.m. at Ohio Democratic Party headquarters in Columbus.
The speech will be streamed live at www.tedstrickland.com/live
Kasich and state Auditor Mary Taylor, his lieutenant governor running mate, meanwhile, are launching a 14-county campaign bus tour that will include stops in the Dayton area on Thursday.
The Thursday stops include:
Miami County
10:30 - 11:30 a.m., tour and economic roundtable with local business leaders at Repacorp, Inc., Tipp City.
Greene County
12:30 - 1:30 p.m., rally with supporters, Shawnee Park, 591 South Park Drive, Xenia
Butler County
2:30 - 3:45 p.m., tour and economic roundtable with local business leaders, Connector Manufacturing Corp., Hamilton
Also, Wednesday, Kasich will appear live via the Internet at 7 p.m. at the Western Ohio Reagan Dinner. You can watch the webcast by visiting http://www.KasichForOhio.com/webcast.
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