John Kasich on Corporations
Republican Governor; previously Representative (OH-12); 2000 candidate for President
A: Absolutely not!
KASICH: When a bank is ready to go under and depositors are getting ready to lose their life savings, you just don't say we believe in philosophical concerns. You know what an executive has to decide? When there are financial crises, you got to go there and try to fix it. Philosophy doesn't work when you run something.
CRUZ: Why would you then bail out rich Wall Street banks, but not Main street?
KASICH: I wouldn't.
I would not let the people who put their money in there all go down.
CRUZ: So you would bail them out.
KASICH: I would figure out how to separate those people who can afford it versus the hard-working folks who put those money in those institutions.
KASICH: I wasn't on the board of Lehman Brothers. I was a banker, and I was proud of it. And I traveled the country and learned how people make jobs. We ought to have politicians who not only have government experience, but know how the CEOs and the job creators work.
[OnTheIssues note: Politico.com scores this as an error by Donald Trump, but OnTheIssues would score this as an accurate statement by Trump: both "board member" and "managing director in the investment banking division" are high-level influential positions of responsibility. Kasich's counter that he was simply a "banker" attempts to mislead the public that he was not in a high-level influential position].
Source: State of the State address to 2015 Ohio Legislature , Feb 24, 2015
In Governor John Kasich's Ohio, 12 different tax incentives and credits are offered to businesses in particular sectors from manufacturing to technology.
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