Governor Kasich

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O-Trap's avatar

O-Trap

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14,994 posts
Mar 11, 2011 9:36 AM
That blog is a riot. I like the subtle CPA form offer that reads "Protecting You Is Our #1 Job." If you hover over it, it's even from the "BlogAds" domain.

Gotta admit, though ... hot button political movements are the easiest to profit from, as people's emotions will make them do crazy things.
Mar 11, 2011 9:36am
Skyhook79's avatar

Skyhook79

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5,739 posts
Mar 11, 2011 10:26 AM
O-Trap;707280 wrote:That blog is a riot. I like the subtle CPA form offer that reads "Protecting You Is Our #1 Job." If you hover over it, it's even from the "BlogAds" domain.

Gotta admit, though ... hot button political movements are the easiest to profit from, as people's emotions will make them do crazy things.

Jesse Jackson and Al Sharpton are living proof.
Mar 11, 2011 10:26am
LJ's avatar

LJ

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16,351 posts
Mar 11, 2011 10:37 AM
Writerbuckeye;707123 wrote:If you have financial interests to that web site, now would be a good time for disclosure. You cite it too much to be random.

I know one of the writers on there very very very well apparently. I had no idea.
Mar 11, 2011 10:37am
O-Trap's avatar

O-Trap

Chief Shenanigans Officer

14,994 posts
Mar 11, 2011 10:48 AM
Skyhook79;707332 wrote:Jesse Jackson and Al Sharpton are living proof.
People call them fools and all sorts of names that berate their intelligence, but really, they seem pretty business savvy, given that they're making a mint doing what they do.
Mar 11, 2011 10:48am
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Skyhook79

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Mar 11, 2011 11:22 AM
O-Trap;707370 wrote:People call them fools and all sorts of names that berate their intelligence, but really, they seem pretty business savvy, given that they're making a mint doing what they do.
Thats what I was saying, they profit from "hot button political movements".
Mar 11, 2011 11:22am
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Bigdogg

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1,429 posts
Mar 11, 2011 11:40 AM
Looks like Kasick just spent 8 million of our tax dollars so one of his rich CEO buddies doesn’t have as much of a commute from his home. The bus is running over a lot of fools.
The Columbus Dispatch is reporting that the State of Ohio is spending nearly $8 million ($8,000,000) in incentives to help Bob Evans move its corporate headquarters roughly 20 miles from Columbus to New Albany. That works out to about $400,000 in State tax dollars per mile. Folks, and that’s not to create a single job. For a company that made last year over $1,700,000,000 in sales and made $70,000,000 in profits, you’d think they could handle their own move.

We can find $8 million to relocate 350 jobs in Ohio, but Kasich concluded that we couldn’t afford the 3C passenger rail system that even conservative estimates said wouldn’t need any state funding until 2017 and the most conservative estimate was it would create 4,000 jobs (other estimates had it over 10,000)?

Here’s what the Dispatch reported the State is committing or had indicated it would likely commit to do:

Bob Evans was offered an incentive package from the state that includes: a Research and Development Investment Loan of $3 million; a Ohio Job Creation Tax Credit of $2.4 million; a Research and Development Investment Tax Credit of $1.05 million; a Roadwork Development (629) Account (to the City of Columbus) for $750,000; a Rapid Outreach Grant for $250,000 and an Ohio Workforce Guarantee of $250,000, said Bethany McCorkle, development spokeswoman.
http://www.plunderbund.com/2011/03/10/bob-evansamerican-greetings-is-this-really-economic-development-or-corporate-economic-extortion/
Mar 11, 2011 11:40am
LJ's avatar

LJ

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Mar 11, 2011 11:44 AM
Bigdogg;707472 wrote:Looks like Kasick just spent 8 million of our tax dollars so one of his rich CEO buddies doesn’t have as much of a commute from his home. The bus is running over a lot of fools.



http://www.plunderbund.com/2011/03/10/bob-evansamerican-greetings-is-this-really-economic-development-or-corporate-economic-extortion/

Because it was either that or moving to Texas
Mar 11, 2011 11:44am
O-Trap's avatar

O-Trap

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Mar 11, 2011 11:46 AM
Wow, you really do quote that blog a ton.

I do think, if the circumstances surrounding this are completely as the blog states (which I doubt), that this was a ridiculous waste of money. However, I'd like to hear why Bob Evan's needed to move ... and why Kasich thought it was a good investment. I'm skeptical, but before I make a judgment, I'm curious what the rationalization was.
Mar 11, 2011 11:46am
LJ's avatar

LJ

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Mar 11, 2011 11:49 AM
I would like to see the math and see how long it takes Bob Evans to pay that money back in taxes vs if they had left for another state.

If it's < 5 years, I would say it is a good investment
Mar 11, 2011 11:49am
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Bigdogg

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Mar 11, 2011 11:50 AM
LJ;707477 wrote:Because it was either that or moving to Texas

Right, and if you believe that you are more naive then I thought you were.
Mar 11, 2011 11:50am
Q

queencitybuckeye

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7,117 posts
Mar 11, 2011 11:50 AM
Bigdogg;707472 wrote:Looks like Kasick just spent 8 million of our tax dollars so one of his rich CEO buddies doesn&#8217;t have as much of a commute from his home. The bus is running over a lot of fools.



http://www.plunderbund.com/2011/03/10/bob-evansamerican-greetings-is-this-really-economic-development-or-corporate-economic-extortion/

Hmm, they seem to have crossed the line into outright factual untruths (aka lies).
Mar 11, 2011 11:50am
O-Trap's avatar

O-Trap

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Mar 11, 2011 11:51 AM
Bigdogg;707491 wrote:Right, and if you believe that you are more naive then I thought you were.
What are you suggesting the motive was? If you actually think it was because of someone's commute, you might be equally naive.
Mar 11, 2011 11:51am
LJ's avatar

LJ

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Mar 11, 2011 11:52 AM
Bigdogg;707491 wrote:Right, and if you believe that you are more naive then I thought you were.

If you don't believe that, you are more brainwashed than I thought.
Mar 11, 2011 11:52am
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queencitybuckeye

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Mar 11, 2011 11:55 AM
O-Trap;707494 wrote:What are you suggesting the motive was? If you actually think it was because of someone's commute, you might be equally naive.

One would have to be an idiot to write such dreck, or to believe it. Determining which party is more idiotic would be the only thing in doubt.
Mar 11, 2011 11:55am
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Bigdogg

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Mar 11, 2011 11:55 AM
LJ;707495 wrote:Yes and I am more brainwashed than I thought.
Fixed it for you;)
Mar 11, 2011 11:55am
LJ's avatar

LJ

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Mar 11, 2011 11:57 AM
Bigdogg;707502 wrote:Fixed it for you;)

Yeah, they weren't going to move for a better corporate tax rate, better weather, and a new building. Nah, that sounds REALLY stupid

:rolleyes:
Mar 11, 2011 11:57am
O-Trap's avatar

O-Trap

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Mar 11, 2011 11:57 AM
queencitybuckeye;707501 wrote:Determining which party is more idiotic would be the only thing in doubt.
It's a tie, but we still lose as a result.
Mar 11, 2011 11:57am
Q

queencitybuckeye

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Mar 11, 2011 12:04 PM
LJ;707504 wrote:Yeah, they weren't going to move for a better corporate tax rate, better weather, and a new building. Nah, that sounds REALLY stupid

:rolleyes:

Well, your reasons certainly sound less credible to me than the sources cited in the article. Oh wait, there were none. The whole "moving closer to the CEO's house" was something they appeared to make up out of thin air.

Have we discovered the real identity of "Footwedge"?
Mar 11, 2011 12:04pm
O-Trap's avatar

O-Trap

Chief Shenanigans Officer

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Mar 11, 2011 12:06 PM
queencitybuckeye;707518 wrote:Well, your reasons certainly sound less credible to me than the sources cited in the article. Oh wait, there were none. The whole "moving closer to the CEO's house" was something they appeared to make up out of thin air.

Have we discovered the real identity of "Footwedge"?
Yes, as I have the real identity of the blog owner. We could run a match. :D
Mar 11, 2011 12:06pm
LJ's avatar

LJ

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Mar 11, 2011 12:09 PM
Like I said, as it turns out, one of the main contributing writers is someone that is really close to me. Knowing him, I don't put too much stock into that blog.
Mar 11, 2011 12:09pm
O-Trap's avatar

O-Trap

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Mar 11, 2011 12:12 PM
LJ;707527 wrote:Like I said, as it turns out, one of the main contributing writers is someone that is really close to me. Knowing him, I don't put too much stock into that blog.

Your PM box is full, but I'm curious if the person I tracked down is the one you know.
Mar 11, 2011 12:12pm
LJ's avatar

LJ

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Mar 11, 2011 12:14 PM
O-Trap;707535 wrote:Your PM box is full, but I'm curious if the person I tracked down is the one you know.

emptied, go ahead and try again
Mar 11, 2011 12:14pm
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Bigdogg

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Mar 11, 2011 3:27 PM
LJ;707504 wrote:Yeah, they weren't going to move for a better corporate tax rate, better weather, and a new building. Nah, that sounds REALLY stupid

:rolleyes:

Lets pretend that you are right and they did get a better offer although I have yet to see it. Are you in favor of corporations being able to hold states for ransom (and in this case regions) for who going to give the best bribe? You don't think Texas would have matched that offer we made them?
Mar 11, 2011 3:27pm
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queencitybuckeye

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Mar 11, 2011 3:30 PM
There's no reason that states should not have to complete for employers. In fact, economic growth is a primary role of state government.
Mar 11, 2011 3:30pm
O-Trap's avatar

O-Trap

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Mar 11, 2011 3:59 PM
Bigdogg;708047 wrote:Lets pretend that you are right and they did get a better offer although I have yet to see it.
Actually, based on the historical earnings of the company, coupled with known tax laws in Texas, the economic reasons would, I suggest, be the most logical conclusion.

For-profit companies, by definition, are about generating dollars and cents at the end of the day. Thus, the most base decision for a company would be one that makes them money. As such, moving to Texas would have made a lot of sense. It's not a proven motive, but it's a motive with evidence to back up its validity.

Far more than some asinine claim about it having anything to do with commute time, which has zero evidence, and should then be given zero credibility.
Bigdogg;708047 wrote:Are you in favor of corporations being able to hold states for ransom (and in this case regions) for who going to give the best bribe?
(a) I'm for companies doing what is within their best economic interest, and
(b) I'm against state governments being able to bribe at all. Kasich had no business doing this, and shouldn't be allowed.

If Bob Evan's wants a new location, then they can pay for it. If they have to move to do that, it sucks for Ohio (lost jobs), but that's life.
Bigdogg;708047 wrote:You don't think Texas would have matched that offer we made them?
It's not a hit to Texas' economy for them to not come down, as Texas has not had them to date. Texas breaks even by not getting them. Ohio loses either way.

Still, I don't think government should be "investing" into private industry in the way Kasich did in this instance.
Mar 11, 2011 3:59pm