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Home > Blogs > Ohio politics > Archives > 2010 > May > 12 > Entry
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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By sales tips
December 21, 2010 4:23 AM | Link to this
Lovely! Very well-done! :)
By teen nudist
November 20, 2010 12:43 AM | Link to this
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By Adeline
August 21, 2010 9:55 PM | Link to this
From kasichforohio site - John Kasich and Mary Taylor support REPEALING OBAMACARE and replacing it with real health care reform; just this is enough for many votes. Kasich has also consistently supportes the working class, so there is reason to believe this support will continue. It’s refreshing to hear a speaker that believes government should not spend beyond it’s means, and people should take personal responsibility for their situations. If we want to make life better, we have to vote the corrupt out – we need to know what our representatives are doing to make things better – Kasich seems to have some answers.
By finance software
August 13, 2010 4:32 AM | Link to this
Thank you for useful info. :-)
By Phyl
May 16, 2010 12:19 PM | Link to this
I promised the first one to sling mud lost my vote. You lose Ted. The only sign of Ted I want left in the state is his 8x10 mug shot in every outhouse along the highways!
By Donna
May 16, 2010 9:33 AM | Link to this
I love these people who post things like “Republitard”, and “Baggers”, all the while slamming them for having no brains. Something is wrong with this picture. I agree with Leslie’s post, Kasich is one of the most decent people to run for office. Not every single person who worked for big corporations are corrupt, they’ve never been able to find any wrong doing on his part. I say vote for Kasich, and get Strickland OUT of Ohio! He’s reading from a script, penned by someone else. And it’s the same tired, boring, moldy rhetoric we hear out of DC.
By Observer
May 15, 2010 6:48 PM | Link to this
How long will the propagandist Cox Media keep this misleading headline up? Certainly shows their intention, eh?
By Ragging Moderate
May 13, 2010 2:56 PM | Link to this
To even imply to give credit to Kasich for the balanced and surplus budgets during the Democrat Clinton Administration when Kasich and all Republicans voted against the tax increase on the weathliest taxpayers that balanced the budget is a Big Lie. These balanced and surplus budgets caused the biggest economic expansion and job creation in the history of United States when the Republicans like Kasich said it wouldn’t, Republicans were way wrong. Four months into the Bush Administration May 2001 thru reconciliation the budget went into the red, with tax cuts for the wealthy. Bush Republicans said Reagan proved deficits don’t matter. Republicans were proven wrong again.
By If Ignorance is Bliss......
May 13, 2010 2:34 PM | Link to this
Leslie: Lehman brothers went bankrupt because of their business practices and how they manipulated the mortgage markets. They were responsible for the economic collapse of our economy. Your quote “Lehman went bankrupt the proper way without a bailout” doesnt brush off that they were a major player in the economic meltown. It was not a trivial event as you would dare to represent with your comments. Kasich was a high level leader at Lehman and he and Fuld and his senior management team are all accountable for the debacle this company put upon us. Funny how he has removed all references to his 8 year association with Lehman Brothers and Fuld from his Web Site. How do you explain that??? He never had nor will he ever have best interests of Ohioans. It is all big business, de-regulation and greed, greed, greed.
By Leslie
May 13, 2010 1:38 PM | Link to this
Kasich is the man that balanced the federal budget under the Clinton administration. Kasich did NOT do illegal things. Kasich worked for Lehman but did NOT work for the department that caused their downfall, he was not responsible for it and was not a part of it. Lehman’s went bankrupt - the proper way - no bailout. During Kasich’s political career the democrats ran him through the ringer. They tried every evil demonizes manipulated nasty trick they could and they NEVER had anything to use against him. Kasich is an honest and honorable man. He cares about Ohio. He got out of politics and the only reason he is getting back in is to save Ohio. Kasich cares about Ohio. He knows the lies and mudslinging the democrats will do. He knows how nasty they will be even dragging his family into it and insulting and hurting them. He has no selfish motive for running for Governor. If you do not know Kasich find out about him yourself, don’t listen to the mudslingers lies.
By If Ignorance is Bliss.......
May 13, 2010 12:24 PM | Link to this
This is not mudslinging. It is FACT that is being presented. I pity the ignorance on here re sticking up for Kasich. So he lived in Columbus he still worked for Lehman Brothers. I cant slight people who want to make money but those who made money doing illegal things and at the expense of others is someone you cannot trust. i.e. Kasich. This man was never out to help the hard working people he was out to help the greedy. If you all want to be blind to these issues, you might as well bury your head in the sand because the rich will get richer and the workers will get screwed.
By padraig
May 13, 2010 11:53 AM | Link to this
I am not sold on Kasich, but one thing is for sure Ted Strickland is a hypocrite of the first degree. First he requires that taxpayer dollars be diverted to “religious based initiatives” and then blasts the Republican Party for similar talk; second he proported himself to be a Christian politician and that he thinks of himself as second, while he is setting a pace to kill more prisoners by lethal injection than any other Ohio governor since 1949. The facts speak for themselves and One-Term-Ted is done!
By MORT
May 13, 2010 11:37 AM | Link to this
Kasich is a Washingon inside to the core. There is NOTHING NEW with this guy…his party ran this nation into the ground. WHILE HE jumped ship to WALL STREET FIRM which enjoyed millions of tax payer money. HECK THOUSANDS of Ohioians lose pension and investment income with that firm. NO DOUBT Kaisch is going to steer Ohio retirement funds to Wall Street and get a FAT COMMISSION CHECK…
By Rob
May 13, 2010 11:16 AM | Link to this
Kind of early to be going negative, isn’t it? Not “Pick Me Because I Can Lead” but instead “Don’t Pick Him, He’s Satan” So much for political discourse and debating the issues.
By The Moderator
May 13, 2010 1:14 AM | Link to this
Governor Strickland cares about the middle class, and works every day to make their life better. Mr. Kasich cares only about an ideologly that private business, tax cuts and deregulation will solve every issues. The largest private busineses in the US of A all failed from Republican policies of ultra financial leverage and deregulation GM, Merrill Lynch, CountryWide Mortgage and all the largest Banks bailed out by TARP. Republicans have no plans or visions for the future just rhetoric with no substance. The Ohio Electorate is too smart then to vote for the failed policies of the party of NO = Republicans. If the Repubs were in office now unemployment would be over 25 % and the destitute hungry would have to eat in right wing approved churches.
By L Berry
May 12, 2010 10:26 PM | Link to this
Usually Politicians wait until they are losing to start the mud-slinging and hate campaign. Isn’t it a bit early since this was first of campaign. But wait, maybe Gov Strickland has already given up any hopes of honest, clean campaign and realizes he is a one-time Governor. Bye Bye and good ridence. Ohio will be much better off without Strickalnd and his scandal ridden administration. Remember AG Marc Dann and the Job and Family Services Chief and her attack on Joe the Plummer and now his Public Safety Director and State patrol’s handling of Ohio Governor’s Mansion fisaco.
By Victor
May 12, 2010 7:38 PM | Link to this
Kasich worked in Columbus. Can’t be ‘Wall Street’ if you worked in Columbus. Strickland is playing loose and fast. Time for people who are respectful (yeah you, Democialist…) and who have experience actually running something.
By Democialist
May 12, 2010 7:24 PM | Link to this
We don’t need nobody that knows how to handle money as governor - especially if he’s a Republitard or a teabagger. Baggers and Republitards have no brains. They just need to shut up and do what we tell them. Thanks, Cox Media for letting us know what a scumbag this Republitard is. You are the best!
By Lindsay
May 12, 2010 5:07 PM | Link to this
I would prefer a governor with some knowledge of the private sector so that we might be able to get our economy back on track - Strickland is trying to demonize Kasich for being successful in business which is completely ridiculous. In no way was Kasich’s success to the detriment of others. Voters will look at results come November, and Strickland has no results to show for himself.
By Lindsay
May 12, 2010 5:05 PM | Link to this
I would prefer a governor with some knowledge of the private sector so that we might be able to get our economy back on track - Strickland is trying to demonize Kasich for being successful in business which is completely ridiculous. In no way was Kasich’s success to the detriment of others. Voters will look at results come November, and Strickland has no results to show for himself.
By TRS
May 12, 2010 3:41 PM | Link to this
So this speech is an example of Scioto county values? It was be interesting to watch the Gov do a dance between hating the private sector while at the same time claiming Ohio is a business friendly state.
By Stu Piddems
May 12, 2010 3:03 PM | Link to this
Let me get this straight, Ted Strickland was too dense to get a job that paid a higher salary than his $160,000 as governer (top 2% folks) so he attacks John Kasich for making money. Now his attack add has a woman blaming a Bill Clinton backed NAFTA vote by John Kasich for sending her job to China? NA stands for NORTH AMERICA not China! Ted, how stupid do you think Ohio voters are?
By inquring mind
May 12, 2010 2:56 PM | Link to this
Strickland is not only grossly incompetent, but is the embodiment of the term “Blithering Idiot”. As a perusal of his track record would indicate, he could not have been elected to any statewide office were it not for the backlash against Bush. Thankfully we will not need to hear is half-witted input on anything in another 7 months.
By red
May 12, 2010 1:30 PM | Link to this
Exactly what is Uncle Ted going to run on? He’s a wonderful person, a great guy to have over for dinner, but seriously, what’s he done? This is stupid. Politicans are for the most part stupid. We don’t want to hear why we shouldn’t vote for the other guy, we want to hear why we should vote for you. Strickland has done nothing, nothing. He had his chance, its time to try someone else. We need a businessman in Columbus, say what you want about Kaisch, but he will create jobs and get things done.
By Jack
May 12, 2010 1:06 PM | Link to this
“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.” -This about says it all.