John Kasich wants to sell Ohio's State Stores to a Co. that he is the head of?

[Botany]

Thank you Ed Schultz for running this story!


So if I got this right Governor John Kasich wants to sell the licenses to Ohio's State Stores ....
a franchise that made the State of Ohio 228 million dollars last year to the newly
formed "Jobs Ohio" company which replaced Ohio's Dept. of Development and John
Kasich is the head of the newly formed "Jobs Ohio" and he has a former buddy from
the now bankrupt Lehmann Brothers running "Jobs Ohio" for $1.00/year "in order to
help with unemployment in Ohio" through the private sector. But it gets better "Jobs Ohio"
does not have the money to buy the State Store's Liquor Licenses so they are going to get
that money by selling the rights to buy shares in a sure money maker, aka the booze business
in Ohio, to Kasich's old buddies on Wall Street.

I have personally known John Kasich for 20 years and although he has always been nice
to me I knew the minute he got in to the Governor's Office he would loot every last nickel
and sell public assets for pennies on the dollar. He helped Lehman Brothers get $480
million of Ohio pension funds when he worked there before they went belly up.*

* http://rethinkecon.org/2011/03/07/john-kasich-and-the-temple-of-state-pension-funds/

If you don't understand what I have posted .... please let me know .... i know it is poorly written
and I have a hard time wrapping my brain around all the chicanery.

[tabatha]

1. Jeeze these people are becoming like

Middle East despots.

I hope we can have a left wing noise machine to make a big stink about this.

[Botany]

5. But his buddy is willing to work for only $1.00 year in order to help ...

... the people of Ohio. :puke:

BTW John K appointed an executive for Corrections Corporations of America to run
the Ohio Dept. of Corrections and he want to take the prison system private ....
wanna guess what company will get the bid to run Ohio's prisons?

[Lars39]

2. He needs to be run out on a rail.

[LiberalAndProud]

3. At least he has no qualms about transparency.

Do RICOH laws apply here?

[dmr]

4. This is my worry for Michigan. The selling off of our assets.

All in the name of an emergency fiscal crisis.

I am very worried about the damage these crooks will do before we can stop them.
:banghead:

[Botany]

8. Oh you people in Michigan .... so quaint why not sell your State Parks

for pennies on the $.



After all when the parks are public anybody can go to them but in private hands then only
"the right people" will be able to go.

[highplainsdem]

10. ALEC is behind this -- Kasich is a longtime member -- and they do have parks in mind, too.

http://www.democraticunderground.com/discuss/duboard.php?az=view_all&address=439x658572

The two most common and effective ways of extracting
value from government assets are asset divestiture (the
outright sale of government land or assets) and asset
leases (long-term leases of public assets to private sector
investor-operators). Government asset sales and leases
can take a variety of forms. In some cases, government
entities sell real property outright, in either an “as is”
or “entitled” state (having secured necessary zoning ap-
proval). In other cases, these transactions are established
as a long-term lease agreement or concession, particu-
larly for revenue-generating enterprises like a golf course,
toll road, or parking facility. In still other cases, such as
government-owned buildings, approaches include sale-
leasebacks, where the private sector purchases the prop-
erty for a fixed price and agrees to lease back the facility
to the government entity for an agreed upon period of
time. Importantly, the government entity can receive a
lump-sum cash payment in all three scenarios.

-snip-

Incentivize quick identification and disposal. State
officials should develop a system to disburse some
portion of the proceeds from real property and
asset sales to programs and departments, provid-
ing an incentive for those departments to partici-
pate in the divesture process. Agencies that iden-
tify assets for divestiture should benefit from those
sales. For example, the department that operated
the surplus property (parks, etc.) should be given a
“commission” for helping identify unneeded prop-
erty—perhaps 10 percent of proceeds—which
could be used for needed capital upgrades or other
purposes. As it stands, departments have few incen-
tives to seek divestiture opportunities because
they receive none of the benefits of surplus sales.

[tabatha]

13. I REALLY hate this - my blood could boil.

The piggish, selfish people who are so divorced form nature they are going to turn this planet into one big stinking cesspool.

[dmr]

16. What I've notice is these betrayers have the Great Lake states pretty much surrounded

THAT scares me.
:grr:

[femrap]

31. These Rust Belt State's

workers and citizens are the most beaten down, imho. But I have been encouraged to see large crowds at Protests.

The only way to stop him is to get him tied up in Court....where are our Lawyers????

I hope King John slips in the shower...think I'll send him a big bar of soap.

[highplainsdem]

11. And this reply in my longer topic about ALEC links to a DKos article on Snyder and ALEC:

http://www.democraticunderground.com/discuss/duboard.php?az=view_all&address=439x591230#613085

That reply was posted by the DKos diarist. Direct link to that diary:

http://www.dailykos.com/story/2011/03/08/953811/-Gov-Rick-Snyder-Sellout-Prefabricated-Corporate-Michigan-%28Government%29-Courtesy-of-KochALEC-Excl

[Angry Dragon]

6. He has a huge conflict of interest

Every hour I think more and more about putting these people in a place where they can not hurt this country any more............

[northoftheborder]

7. How can he get away with this scam? Does he think he is invincible?

[HughBeaumont]

21. With no recall law,

. . . no chance for impeachment since Republicans also control the state legislature,
. . . and with more than a few million Ohio voters who share the same Fauxized brain,

. . . sorry to say, but he pretty much IS. At least for the next four years, anyway.

[katnapped]

23. Sad thing is...

Sounds an AWFUL LOT like Pennsylvania as well...

[pacalo]

9. This is outrageous! Somehow I missed that story while Ed was on -- hope someone

posts the video. I hope Michigan's media gets out the word to the voters!

[revolutionnow45]

12. Now THIS is something Kucinich should be speaking about on TV

He should be loudly supporting the unions and speaking of this often.

Kucinich should be down at the court house leading rallies, firing up the people, using his money supporting protesters, buying them pizza, being a leader (*instead of asking people to give him money to support impeachment of Obama)

[mod mom]

14. Oh...I missed Ed for the Beekman Brothers. I'll catch a online version tomorrow.

Unbelievable!

[Botany]

15. It is O.K. .... he is a Christian

I really can't do justice in my posting to just what s f***ing scam he is running.

Next up; Wall Street to buy Hocking Hills State Park land for pennies on the dollar.



Kasich is like Walker of Wisconsin but smarter.

[mod mom]

18. Are you serious about Hocking Hills or speculating?

I don't put it past him.

My brother got on my case yesterday for paying too close attention to what is going on in the world. I told him (great job no kids) this country was head to be the first to surrender their freedom because it's citizens were too self absorbed in their own lives.

[Botany]

19. Speculating on Hocking Hills but I wouldn't put it past him either.

This scam w/ selling a profitable state department so John and his buddies
can make millions really pisses me off.

[mod mom]

20. I can see the mega Mcmansions popping up.

Is there anything to be done about selling off assets? Can there be voter referendums? My guess is he'll rush the sales thru. :mad:

[femrap]

30. I can only hope that

Universal Powers put King John face down in his shower with a huge smack to the brain. So long, King John.

[Quantess]

17. That's rotten.

K & R

[mod mom]

22. Here is the video:

http://www.msnbc.msn.com/id/21134540/vp/42222950#42222950

[Scuba]

24. See Scott Walker, John Kasich and Rick Scott in our new feature Race to Jail !!!!! n/t

[mod mom]

25. Botany....

Any chance of asking Jennifer about the legality of this:


§ 8.04 Credit of state; the state shall not become joint owner or stockholder
< View Article Table of Contents >
The credit of the state shall not, in any manner, be given or loaned to, or in aid of, any individual association or corporation whatever; nor shall the state ever hereafter become a joint owner, or stockholder, in any company or association in this state, or elsewhere, formed for any purpose whatever.


http://www.legislature.state.oh.us/constitution.cfm?Part=8&Section=04

[Botany]

26. Thanx for finding the relevant Ohio Code

i sent it to Jennifer Brunner .... that is all i can do.

[bleever]

27. If you guys would kindly kick Kasich's ass,

we would all appreciate it.

Thank you. :)

[femrap]

28. This is The Robber Baron's

Era on STEROIDS!!!! And with absolutely NO SHAME.

That's it....I'm buying some vodka now. I'll never buy booze from Job One Stores....and this creates jobs how???? I bet it will reduce jobs.

I'll drive to WVa or KY to get booze.....or I'll just quit. I really just drink CA wine.

Why doesn't King Kasich just sell Ohio to Canada?????

Where are the lawyers???? This can't be legal.

Yes, I know....King John's motto: JUST DO WHAT YOU WANT TO DO. I really despise this guy.

[opihimoimoi]

29. Blatant Malfeasance...should be criminal....hope he gets Jail Time

[craigmatic]

32. It's like Thatcher's UK in the 1980's.