Posted in Uncategorized, tagged governor, kasich, ohio, Strickland on March 15, 2010|
On a day that President Obama and Vice President Biden (hat tip: Fox News, geez) will be in Ohio drumming up support for the current health care reform iteration (and the VP will be fundraising for Gov. Strickland this evening), it’s worth speculating about which ties will be more significant in the governor’s race: Strickland’s ties to Obama and national policy, especially health care, jobs, and overall economic performance; or Kasich’s ties to his time as a managing director at Lehman Brothers, the heavyweight financial firm that went under in the fall of 2008.
In many ways, of course, it’s unfair to link both candidates to these larger happenings. As Governor of a swing state, Strickland’s interests do lie with a successful Obama presidency–rising tides and all that. As a managing director in the investment banking division, Kasich’s former title sounds impressive, but it’s more likely that he was in his position because of his political influence, not his investment savvy. But which connection will be more sticky, if you will?
If Obama’s approval tanks and national Dems are on the run this November, then Strickland’s chances of winning re-election go down, though it isn’t an automatic win for Kasich. After all, Strickland can still pivot away from national Dems, tout statewide initiatives, and return to his more comfortable, folksy campaigning style, a strategy that he has proven to be master of. The thing to look out for, I think, is any connection that can be made between Kasich and Lehman’s failure. Even a seemingly insignificant connection could tank his chances, especially since he is running, in part, on his ability to be a better state fiscal manager. If Strickland’s camp can paste some line connecting Kasich to this huge failure into a fall ad, it would be more than enough to keep independents away from Kasich. Remember, Lehman was the biggest corporate bankruptcy in history (see Wikipedia’s quick summary). Kasich is lucky, in a sense, that Lehman wasn’t a household name in Ohio. In New York and other financial circles, Lehman’s collapse was end-of-days type drama. I, like most people, can’t fathom $600 billion in debt, but I know it’s a massive figure, one that can’t easily be explained away.
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