At one time, he was seen as one of the new bloods that will reinvent and reenergized the Republican Party. In 1995, a suitably impressed Speaker of the House, Newt Gingrich, lobbied hard for Congressman Kasich’s appointment as Chairman of the House Budget Committee, making him one of the youngest ever to hold the position. His stewardship of the Balanced Budget Act of 1997 is credited by some as one of the most crucial elements behind the four consecutive federal budget surpluses during former president Bill Clinton’s second term in office, the only times it has been achieved in the last 44 years.|
However, his failed presidential run in 2000 almost broke his political career. Since then, Kasich’s only significant achievement has been as part of the Lehman Brothers team that took Google public in 2004 – that is, until 2010, when he was elected as the 69th Governor of Ohio.
Now seen as one of the establishment Republican old guards, any potential presidential bid by Gov. Kasich is predicated on reminding everyone of his experience in managing the country’s checkbook.