By Sam

September 18, 2010 11:30 PM | Link to this

The Iraq War…780 billion and counting….Weapons of mass destruction….NONE. thaat is all you have to say to show Republicans are crap.

By Sam

September 18, 2010 11:29 PM | Link to this

The Iraq War…780 billion and counting….Weapons of mass destruction….NONE. thaat is all you have to say to show Republicans are crap.

By newsound14

September 16, 2010 11:08 AM | Link to this

Confusion or Aspirations of Greed? The loud angry cries of socialism and lost liberties demonstrate how confused we really are. We have confused liberty with the ability to amass wealth. Wealth is not liberty or freedom; wealth is and always has been power. The Ideal in America that is now being threatened by multinationals and the resurgence of monopolies, is the power of we the people to hold sway over the actions of our government so that no one person or small group of people may dictate to the rest of us. Essential Liberty for all is dependent on opportunities for ALL not the ability to amass excessive wealth by individuals. The rapidly growing power of large corporations and Wall Street banks will continue to diminish opportunities and choices for all of us. This is where the threat to liberty is coming from. These corporate cronies spouting tea bag rhetoric and republicans financing a movement will truly enslave us to the will of multinational corporations. The corporate agenda espouses deregulation and the lowering of wages for workers to increase profits. Monopolies by their nature eliminate choices as the corporate “Box Stores” of the world eliminate the small hometown shops. As corporations focus on every penny of the bottom line jobs of all stripes are shipped overseas. So opportunities for employment become increasingly scarce. As corporate interests encroach on the environment we lose opportunities to enjoy nature and wild spaces. As our infrastructure crumbles we lose opportunities for travel and recreation. Make no mistake, if we do not pull together, invest in our future and take steps to abate the power of multinational corporations and big money we will become an increasingly impoverished nation with a few powerful elite. Liberty and opportunity for all will be a memory.

By newsound14

September 16, 2010 10:52 AM | Link to this

Trying to shif blame for the financial collapse away from Wall Street banks is typical right wing propaganda. To further blame the housing market crash on Freddie and Fannie is a red herring t to divert blame from Wall Street and republican lawmakers. Fannie or Freddie backed virtually none of the $1.5 trillion of cratering subprime mortgages because they did not meet their strict lending standards. All the no money down, no interest for a year, low teaser rate loans made without checking the borrowers income and employment history were made in the private sector without any support from Fannie and Freddie. A study by the Federal Reserve Bank of New York identifies the five major causes of the subprime meltdown. 1. Convoluted loan products that consumers didn’t understand.
2. Credit ratings that didn’t do a good job highlighting the risks contained in subprime-backed securities.
3. Lack of incentives for institutional investors to do their own research (they just relied on the credit ratings).
4. Predatory lending and borrowing 5. Significant errors in the models used by credit rating agencies to assess subprime-backed securities. (data from Businessweek.com Sept. 2008) Ironically Fannie Mae operated successfully as a public entity for more than 30 years. Greed and political maneuvering resulted in privatization and the creation of Freddie Mac. Now republicans resort to using these institutions as a scapegoat for their lack of proper oversight and Wall Street malfeasance while striving to privatize everything from social security to our military.

By NCF

September 16, 2010 10:28 AM | Link to this

And you have yet to make a distinct connection between the bankruptcy of Lehman and Kasich. As I said, the fall of Lehman had way more to do with the subprime mortgage issue than anything that Kasich did, or even failed to do, there. So, the point of what I posted stands. Too bad your Kool-Aid has poisoned your mind. The political angle of the “observation” of the fall of Lehman is blatant, and falsely attempts to connect Kasich to it, regardless whether you think that fannie/freddie had little to do with the collapse.

By WTF NCF?????

September 15, 2010 2:45 PM | Link to this

Talk about Kool-Aid drinking. It amazes me that this oversimplified explanation, pinning the mortgage meltdown on Freddie/fannie. These large Wall Street were all involved in the high stakes “derivatives” market using those mortgages as collateral. Its when that market melted down that turned all those mortgages toxic. These firms also push sub-prime mortgages not backed by Freddie/fannie that also whent pop! But since we dont understand how that market works, then its just easier to blame freddie/fannie. Don’t you think?

By Independent Voter

September 15, 2010 2:10 PM | Link to this

Kasich’s investment advice lost Ohio pensions over 400 million dollars. Kasich did not get the job done for Ohio pensions and let the these workers down. His 2nd TV ad. No such thing as Pro-Jobs Republican. Unless you consider a temp job with no benifts a real job.

By Observer

September 15, 2010 1:57 PM | Link to this

President Clinton’s administration had 23 millions jobs created. Bush II’s administration had 1 million jobs mainly military contractors. Kasich and Portman voted against balancing the federal budget in 1993. The Dem’s did it anyway with budget surpluses. Creating the biggest economic expanion in the history of the U S of A. The under employed and unemployed are way more likely to get better employment with Democrats. President Jimmy Carter created more jobs in 4 years than the two President Bushs’ did to 12 years.

By NCF

September 15, 2010 1:36 PM | Link to this

So, mojo, you (and the democrats) insist that Kasich had anything to do with the bankruptcy of Lehman Bros? Do you realize that he was only a managing director, not CEO or CFO. Lehman’s downfall had way more to do with the HUD requirements for Fannie & Freddie to issue more and more mortgages to persons whose household incomes were below the median, to the point where they (fannie & freddie) were sponsoring $5.1 trillion residential mortgages. Lehman’s participation in that was not anything to do with Kasich — not that I have seen reported, anyway. And if he had been involved, you KNOW the DDN would have reported it. People who pay attention can see that this is a thinly-veiled political election rally for the Democrats. Did they have such an “observation” last year? Will they have one next year?

By Power to the Purple

September 15, 2010 12:43 PM | Link to this

WTF,Buzz???, You are correct. Clinton benefitted from the post cold war military dividend and the explosive growth of the internet and related technology. There were 400 IPO’s during his term. His final year culminated in the end of the dot com bubble in March 2000. Clinton was the fortunate beneficiary of riding the growth wave of the world wide web, invented by Al Gore.

By yahoo

September 15, 2010 12:42 PM | Link to this

@WTF Buz- The econ didnt change under clinton until 1995, AFTER the REpubs took office and passed THEIR contract with Amercia. Perhaps you might want to read a book next time before you post …

By WTF Buz???

September 15, 2010 12:11 PM | Link to this

Oct 90, George Bush was President. Bill Clinton was President 1992-2000. His economic recovery plan was passed while every Republican, including Kasich, voted no! The republicans claimed we would have sky rocketing inflation and double digit unemployment. Instead, we had 8 years of unmatched economic growth, low unemployment, and the stock market shot through the roof. Guess if I was a republican, I’d be mad too!

By Angry Liberal

September 15, 2010 12:00 PM | Link to this

Ted - your campaign is going no where. Need a new direction. The pools are showing the gap widening. What are you going to do different than the last 4 years. Need to hear more than blaming Kasich for Lehman Brothers. What’s next. Going after a local BP owner for the oil spill. This is not working.

By Power to the Purple

September 15, 2010 11:52 AM | Link to this

pj, The group speaking at Tech town have virtually no private sector experience and are ill equipped to speak of any cause and effect of the demise of Lehman Brothers. They will speak to the talking points handed to them by the Democratic Party,in a vein attempt to stop the momentum of Kasich…. Glen Beck is an entertainer and doesn’t own the loyalty of all conservatives.

By pj

September 15, 2010 11:31 AM | Link to this

Glenn Beck hosted a rally at the exact same place and on the exact same date as Dr. Martin Luther King’s “I Have a Dream” speech. What does that say about YOUR party?? And you complain about an event held in Dayton, OH? Talk about kool-aid drinkers. Keep shouting loudly and following blindly, right wing America.

By mojo

September 15, 2010 11:10 AM | Link to this

Sounds to me like it’s an observation, not a celebration, and that it’s making a very relevant point about Kasich.

By Mr. Welfare

September 15, 2010 10:54 AM | Link to this

When can we celebrate the collapse of the DDN?

By Buz

September 15, 2010 10:54 AM | Link to this

Wonder if the Dems will celebrate the monstrous drop of the S&P 500 in Oct 90 while Slick Willy was Prez. That cost me far more than the collapse of Lehman Bros. This article is just more of the Dayton Daily Democrat crap.

By Buz

September 15, 2010 10:52 AM | Link to this

Wonder if the Dems will celebrate the monstrous drop of the S&P 500 in Oct 90 while Slick Willy was Prez. That cost me far more than the collapse of Lehman Bros.

By beam

September 15, 2010 10:45 AM | Link to this

What an absolute garbage article. No matter what side of the isle we fall on, we should ALL start voicing our outrage with DDN at such blatant political hacking. Come on, report the news … please.

By Where is Joey?

September 15, 2010 10:37 AM | Link to this

Did anyone notice Joey Williams is missing from the Dayton Democrat group? It wouldn’t have to do with JP Morgan Chase being a TARP fund recipient and one of the Wall Street “bad guys”.

By NCF

September 15, 2010 10:07 AM | Link to this

Think there’s any chance the word “subprime” will be uttered at the event?

By Where is Joe?

September 15, 2010 10:02 AM | Link to this

Will Joe Roberts be at the Tech Town press conference, or will he be at the office waiting on the telephone company?

By Power to the Purple

September 15, 2010 9:53 AM | Link to this

The Dayton event is loaded with political heavyweights. I can’t wait to read the story tomorrow quoting this bunch.

By NCF

September 15, 2010 9:44 AM | Link to this

What does that say of the Democrats, that they are celebrating not only the fall of a private business, but what they call “a key factor in the national economic meltdown.” Good grief, Democrat voters! Look at what your party does, not what it says it does. It celebrates job losses while denouncing job losses!

By Not a kool-aid drinker

September 15, 2010 9:37 AM | Link to this

Really,what a waste of time.My goodness.How pathetic

By Yahoo

September 15, 2010 9:34 AM | Link to this

Another political hit piece gy the Dayton Democratic News