I invite you to Ohio for a drink, on me. No, we need your money too, so that we can bring jobs to Ohio.
Kasich’s plan to finance his new JobsOhio, a privatized development agency, includes the leasing the state’s liquor stores to JobsOhio which is going to use the money for its day to day operations. But Kasich says this will work because Ohioans are increasing their alcohol consumption. This type of scheme has not worked in other states, but Kasich doesn’t care. Privatize, Privatize is all that is important.
“Over the years people drink more. It’s just a natural revenue stream.” Kasich said last week. Ohio’s best natural asset is its liquor intake. Let’s just increase Ohio’s drinking problem and drunkenness. As drunk as we may be, we still need your help in getting business to come to Ohio and that means jobs, jobs, jobs.
As I am sitting here writing this post with a glass of beer in my hand, I have to ask myself the question: If Ohioans will be drinking more and drunkenness will rise, will we not be too drunk to work? We’ve been drinking for sometime now, so you would think that jobs would be plentiful in Ohio. Not true. We have to get fall down drunk for jobs to come to Ohio. I suspect that those over imbibing are the good, kind people that voted for Kasich. When you don’t have a job, and there is not hope in finding one, you gotta do something. Drinking seems right.
Here is the joke. In Ohio profits on liquor sales generates $228 million for the state every year. JobsOhio is set to take over liquor sales oversight and own that revenue stream. They will sell 30 years worth of that revenue, worth $6.8 billion to a group of investors recruited by a Wall Street firm in return for a lump sum payment to the state. According to the administration, they expect to receive about $1.5 billion in return for this $6.8 billion in state revenue. Wall Street will naturally take their cut. They will sell bonds to finance the deal. They will have a twenty to thirty year revenue stream for essentially zero money down. Ohio faces billions in deficits, but Kasich is giving away liquor revenue to create jobs.
So I implore you to come to Ohio, help Ohioans drink into oblivion Since we will be to sloshed to work, maybe you can get luck and take our jobs, that is if you can find one.
It is just one more for the road. Or is it…drinking again?!!!