Kasich's Pension Hypocrisy

It's an old article that's linked below, but I still can't get over the irony of Kasich's Lehman Brothers work, his scapegoating of firemen, teachers, & police for the economic problems we find ourselves in, and his advocacy for "merit pay". Here's a man who worked as a managing director for an investment company whose bankruptcy was the largest in U.S. history. Lehman's sleazy practices and subsequent failure played a big role in the recent financial crisis.   Was Governor Kasich involved in these unethical practices that helped tank the global economy? Probably not. But he did try to persuade the Ohio Police & Fire Pension Fund and the Ohio Public Employees Retirement System to invest with Lehman. Both purchased funds from Lehman, although the governor's efforts may not have played a role in the purchases, they lost hundreds of millions. The governor is now blaming the pension systems of these same "greedy" firemen, policemen, public employees, and teachers for the state's economic woes. That takes chutzpah. Was his multimillion dollar  salary some form of merit pay?

http://www.dispatchpolitics.com/live/content/local_news/stories/2010/05/12/copy/candidate-connected-pensions-lehman.html?sid=101

The True Monetary Cost of Education Reform in Ohio

"Our illustrious Ohio Republican leadership is pitching a fit over this legislation that will increase the annual cost of state assessments from the FY2011 budgeted amount of $56,703,265 to a staggering $305,369,575.  Will that also be spun to be the fault of the teacher unions and local district mismanagement?
These people are just brilliant.  Why do we even try to argue educational philosophy when they can’t even comprehend the basic financial implications of this legislation?"

Great read: http://www.plunderbund.com/2011/06/04/doing-the-math-batchelder-wants-addl-330-million-for-education/

Another Miserable Poll for Governor Kasich

sicWill he take the entire Republican ship down with him?

http://www.cleveland.com/open/index.ssf/2011/05/another_poll_shows_low_approva.html

SB5 not polling well. Trouble for Republicans.

http://www.dispatch.com/live/content/local_news/stories/2011/05/19/big-majority-favors-repealing-sb-5-poll-shows.html?sid=101

SB5 Fact Sheet (as it applies to teachers)

http://www.scribd.com/doc/54263272/Ohio-Senate-Bill-5-One-Page-Facts

Senate Speeches SB 5 Debate - Senator Tim Grendell - ProgressOhio

Senate Speeches SB 5 Debate - Senator Tim Grendell - ProgressOhio

Thank you Senator Grendell. Another Republican who gets it.  

Some Republicans Get It

Seitz has some good advice for the governor in this article. Also of note, he claims that Senate Republican leaders "behaved in a petty and vindictive way" in removing his chairmanship from him.I agree, Senator. It's the same vindictiveness that drives 85% of SB5, at least in relation to teachers.

"Gov. John Kasich should become more of a consensus-builder as he guides Ohio through one of the most challenging periods in its history, state Sen. Bill Seitz said Friday..."


http://news.cincinnati.com/apps/pbcs.dll/article?AID=%2FAB%2F20110429%2FNEWS0108%2F104300336%2F

An explanation of the science behind motivation, incentives, and merit pay

An explanation of the science behind motivation, incentives, and merit pay. The bottom line: higher incentives work for people performing mechanical tasks, but in jobs that require cognitive skills "merit pay" leads to poorer performance. 

http://www.youtube.com/watch?v=u6XAPnuFjJc