Governor Kasich: Ohio 'on the verge of a recession'

[NobodyHere]

Source: AP via NBC24.com

COLUMBUS, Ohio (AP) — Ohio Gov. John Kasich is warning the state could be on the brink of a recession after November revenue came in sharply below estimates.

Kasich, a Republican, issued the warning during a rare visit to the Ohio House during its Tuesday session.

Kasich's warning followed new numbers from the state budget office showing November tax receipts were $99 million, or 5 percent less than estimates.

“Revenues are under estimate for the month as withholding tax collections continue to lag,” Office of Budget and Management spokesman John Charlton said in an email. “Sales and use taxes continue to be below estimates as well.”

Read more: http://nbc24.com/news/local/governor-kasich-were-on-the-verge-of-a-recession-in-our-state

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Looks like I need to get my money out of the stock market,

[pbmus]

1. Before the end of February for sure...

Kleptocracy

[lonestarnot]

2. Hey dumbass. You haven't seen anything yet.

[adigal]

37. Especially if others would join me in boycotting red states' goods and travel to red states nt

[lonestarnot]

39. You didn't have to ask me. I've been doing that for years.

[GP6971]

3. You and me both

But I'm hesitant because I'm sure the Groper will bail the state out seeing how Kasich supported the Groper. Sarcasm intended.

[Feeling the Bern]

4. I guess the only way people will realize Republican policies are bad is when the country

completely fails and we sweep in another FDR.

On that note. . .if Ohio sinks, I HAVE NO SYMPATHY! They vote Republican, have a Republican run state and their governor is Republican. Sorry, you people in Ohio brought it on yourselves!

[Proud Liberal Dem]

32. But they just passed a *great* anti-choice bill into law!

And voted Trump, and just sent Rob Portman back to the US Senate, so evidently they are fine/happy with Republicans for some reason.

[HughBeaumont]

42. More like the Sea of Tea brought it on us.

Ohio has Democratic Counties. They just don't outweigh the Sea of Tea surrounding Columbus. Even a lot of Northern Counties (including Lorain, what the HELL, they ALWAYS go Democratic!) that voted for Obama went tits-up for Schtroumpf. She only won 7 counties. I didn't know we had this many stupid asses in our state.

2016:



2008/2012:

[geomon666]

5. Gee I wonder why? Let's ask the man in charge.

Oh that's right, it's fucking you!

[benld74]

6. Oh NOES!!!!!!

[NoMoreRepugs]

7. I'm assuming both legislative houses in Ohio are R's....

similar to Brownbacks Kansas situation...
hmmm, am I seeing a pattern here? That somehow, despite what we are told that cutting taxes doesn't automatically create a financial panacea for the community??

couldn't happen to a nicer bunch of goobers.....

[Maeve]

10. We're also one of the very gerrymandered states

Up to 75% of the seats won with 52% of the vote in 2012.

And, for what it's worth, some of the Repubs are actually on board with fixing that problem.

My county voted @ 60% for Hillary and is mainly run by Democrats. Please don't judge all by some.

[bucolic_frolic]

8. Thoughts

I've been saying this for months, one can feel and see the lukewarm
spending on eBay or in the stores

Wait until the tariff effects hit, and the health care system shrinks from
ending Obamacare

I actually attribute the slow spending to the election. Households contribute
heavily to their parties so their candidates can place TV ads and jet and limo
everywhere. Breaks the monthly budgets though.

[Third Doctor]

11. I'm seeing the downturn spending on Ebay.

My sale are down by half from what they were last year.

[bucolic_frolic]

35. Yeah, me too

wonder if they tweaked the search engines, i get few page views anymore

[jmowreader]

9. When was the last major tax cut in Ohio?

Reality time: Republicans LIKE recessions. The worse they are, the better they like them. Recessions license them to cut all the nasty social spending they hate, and to pass bigger tax cuts (because you have to cut taxes in a recession, don'tcha know?) and more austerity (because without the bucks rolling in, we just can't afford to fix all those chuckholes in the road).

Then when the tax cuts and austerity manage to make the recession worse..."oops, we gotta cut taxes more, we didn't do it enough the last time."

[elmac]

12. Change the name of Ohio to

East Kansas, another failed T-bagger economy.

[Sunlei]

13. because kasich privatized everything including prisons, slaves who work for corps. now,

Prison slaves don't have withholding tax, like a real worker because their pay is 20 cents an hour. The for profit prison had a 20 million profit this year, but they don't pay the state anything.

[msongs]

14. california nt

[SCVDem]

15. Next?

Kansas and Nebraska.

Follow the GOP Governors.

They are killing their states.

[JohnnyRingo]

16. He's getting ready to raise taxes but needs a scapegoat.

It's not a recession, it's a budget failure and it's his fault. By law he has to balance the state budget.

When he came in he slashed business taxes. Now if he raises them on the working class to make up the fiscal shortcoming he'll be a 1st class Reagan Republican.

[HAB911]

18. OH legislature is not concerned about this

They have important stuff to legislate

http://www.rawstory.com/2016/12/ohio-lawmakers-pass-heartbeat-abortion-legislation/

[Botany]

19. John knows that republican policies are gonna crash the economy

n/t

[Vinca]

20. Exactly. It happens every time. Then a Democrat is elected to clean up the mess.

[Botany]

21. Kasich has been the beneficiary of Obama's economic actions (auto industry rescue) but ...

.... he himself has taken credit for things he and the GOP opposed. John knows that Trump is a mad
man too.

[HAB911]

22. But wait, there's MORE!

http://www.thedailybeast.com/articles/2016/12/07/ohio-s-insane-guns-everywhere-bill-covers-airports-childcare-centers-and-even-police-stations.html

[Hugin]

23. And, they still have the resources to limit Abortions to 6 weeks.

My, oh my... Where do they find the energy?

[Nitram]

24. Couldn't happen to a nicer state.

God's punishment on Trump voters.

[mtasselin]

25. tax

I guess it is time to give another tax break to the job creators I say sarcastically.

[liberal N proud]

26. Doesn't sound good when I am trying to sell my house

I am leaving the state, but damn it.

[wordpix]

41. sell soon

[liberal N proud]

44. It went on the market this week

[RazBerryBeret]

27. as a buckeye....

I really, really dislike Kasich.
He was a very vocal with his anti-Trump feelings (the one thing I liked about him!) but I do have a feeling things are going to get tough in my state for the next few years.
the Ohio Senate just passed one of the most aggressive anti-abortion bills. they added it to an unrelated bill at the last minute. that's the kind of sneaky shit Ohio Republicans do...
http://www.cleveland.com/politics/index.ssf/2016/12/ohio_senate_republicans_pass_6.html

[SHRED]

28. Meanwhile in Blue California

California analyst projects $2.8 billion budget surplus

http://www.scpr.org/news/2016/11/17/66216/california-analyst-projects-2-8-billion-budget-sur/

[forgotmylogin]

29. Let Trump figure it out.

I'm sure he'll cut you a few tax breaks or send you over some steaks of some kind.

[Demsrule86]

30. You think Kasich?

Autos have dipped...my son will be laid off in February...autos is the only thing that kept this state going...and of course you destroyed wind at the behest of the Koch brothers.

[Yavin4]

31. Meanwhile, big Liberal state, CA, is humming along just fine thank you very much.

"California analyst projects $2.8 billion budget surplus"

California's nonpartisan legislative analyst said Wednesday he's forecasting a $2.8 billion budget surplus next year and says California should be able to weather a mild recession without major budget cuts or tax increases over the next four years.

http://www.scpr.org/news/2016/11/17/66216/california-analyst-projects-2-8-billion-budget-sur/

And this is before they get all that tax revenue from legal marijuana.

[yeoman6987]

33. They need to put those billions in their pension bank

The government pension plan in California is in the red so that 2 billion can help some. It's good California has the extra funds to put to good use.

[Yavin4]

34. With a lot more to come due to legal pot n/t

[bucolic_frolic]

36. It will be like Tsarist Russia soon

Republican opulence and peasants

It stops when we support ourselves or refuse to work for others

[adigal]

38. I noticed on Black Friday, I drove from NYC to upstate NY

No traffic in NJ near Paramus. No traffic on NY 87 near Harriman, where Woodbury Commons is - two years ago, I sat there for hours, not moving at all.
No traffic and 1/2 empty parking lots.
I think a lot of Americans, the ones with money, are shell-shocked by this election. I know that for me, I absolutely refuse to spend any more $$ than I have to for several reasons:
1. I will not contribute to this economy and especially buy anything from any red states
2. Who knows what is in store for us? I refuse to put anything on credit cards. I'm paying them all off and cutting them up. I'm going to a cash only buying strategy except for online.
I doubt I'm the only one who is pissed and nervous and using my wallet to show it.

[maxrandb]

40. Care to guess how the Retrumplicans will handle it?

Let me say it for them first..."Thanks Obama"

You know I'm right. The party of "personal responsibility" is absolutely never responsible for anything.

Fuck Ohio.

[HughBeaumont]

43. It's kind of like the God they pray to.

"Praise God for all things great!"

The fuck-ups, deaths and horrible events that happen to innocent people?

"That's mankind's fault."