FacebookTwitterGoogle+RedditEmail

Washington Post Covers for Gina Raimondo, Rhode Island’s Corporate Democrat

by

In a recent piece for the Washington Post titled “One governor bucking the bipartisan tradition of passing the buck,” Fred Hiatt lied through his teeth about the alleged glories of Rhode Island’s current Governor, Gina Raimondo. I will give Mr. Hiatt credit, it takes certain talent to turn a story written by Matt Taibbi in Rolling Stone titled “Looting the Pension Funds” and featuring a pig illustration into good press, but then again Washington is full of people who try to turn a sow’s ear into a silk purse.

Mr. Hiatt, who obviously talked to Gov. Raimondo’s PR people and no one else, makes the Governor sound like a “responsible” politician who is doing good by the taxpayers and the future generations by having the state “adopt a reform plan that protected benefits already earned but scaled back future ones, at least until the woefully underfunded pension grew healthier.” This editorial has been carried now in syndication by several outlets besides the Post, such as South Carolina’s Post and Courier.

This is totally devoid of reality. Rhode Island’s pension fund, while needing a tune-up, did not need to be raided. The state employees, a sizable demographic of the workforce of the Ocean State, pay into the pension fund, a segregated one held in trust by the State, much in the fashion that a parent will have joint control over their child’s savings account until they reach adulthood, or here, retirement.

But following the 2008 Wall Street crash, then-Treasurer Raimondo saw that her colleagues on Wall Street from her venture capitalist days were in need of a quick cash bail-out. As all corporate Democrats that rely on the financial sector for campaign donations are wont to do (according to Taibbi, “Dan Loeb’s Third Point Capital was given $66 million, Ken Garschina’s Mason Capital got $64 million and $70 million went to Paul Singer’s Elliott Management”), she dutifully acceded and turned the Rhode Island state worker payroll into a subsidy for the Welfare of Wall Street.

The reason Gov. Raimondo, a pledged Clinton super-delegate, is now getting this type of praise is simple, she wants more. When the local Pawtucket Red Sox minor league baseball team came knocking and asked for a handout, she was happy to play ball and still may agree to the demands of corporate swindler and team owner Larry Lucchino, a regular Democratic Party donor. When the public broke out into a rage unseen since Bill Buckner lost the World Series, she hedged and went mum while simultaneously telling Larry there was still a deal to be cut.

This is because she has her eyes on the seat of veteran Sen. Jack Reed, who is looking forward to retirement and will dutifully bow out on command from the local Democratic Party, a group that has functioned as nothing but the legitimate face of the Providence-area mafia for decades.

Once Sen. Raimondo gets to Washington D.C., the looting will continue on such a scale to keep the fat cats in business, this time executed on federal employee pensions.

Andrew Stewart is a documentary film maker and reporter for Rhode Island’s Future, who lives outside Providence.  His film, AARON BRIGGS AND THE HMS GASPEE, about the historical role of Brown University in the slave trade, is available for purchase on Amazon Instant Video or on DVD.

More articles by:
May 30, 2016
Ron Jacobs
The State of the Left: Many Movements, Too Many Goals?
James Abourezk
The Intricacies of Language
Porfirio Quintano
Hillary, Honduras, and the Murder of My Friend Berta
Patrick Cockburn
Airstrikes on ISIS are Reducing Their Cities to Ruins
Uri Avnery
The Center Doesn’t Hold
Raouf Halaby
The Sailors of the USS Liberty: They, Too, Deserve to Be Honored
Rodrigue Tremblay
Barack Obama’s Legacy: What Happened?
Matt Peppe
Just the Facts: The Speech Obama Should Have Given at Hiroshima
Deborah James
Trade Pacts and Deregulation: Latest Leaks Reveal Core Problem with TISA
Michael Donnelly
Still Wavy After All These Years: Flower Geezer Turns 80
Ralph Nader
The Funny Business of Farm Credit
Paul Craig Roberts
Memorial Day and the Glorification of Past Wars
Colin Todhunter
From Albrecht to Monsanto: A System Not Run for the Public Good Can Never Serve the Public Good
Rivera Sun
White Rose Begins Leaflet Campaigns June 1942
Tom H. Hastings
Field Report from the Dick Cheney Hunting Instruction Manual
Weekend Edition
May 27, 2016
Friday - Sunday
John Pilger
Silencing America as It Prepares for War
Rob Urie
By the Numbers: Hillary Clinton and Donald Trump are Fringe Candidates
Paul Street
Feel the Hate
Daniel Raventós - Julie Wark
Basic Income Gathers Steam Across Europe
Andrew Levine
Hillary’s Gun Gambit
Jeffrey St. Clair
Hand Jobs: Heidegger, Hitler and Trump
S. Brian Willson
Remembering All the Deaths From All of Our Wars
Dave Lindorff
With Clinton’s Nixonian Email Scandal Deepening, Sanders Must Demand Answers
Pete Dolack
Millions for the Boss, Cuts for You!
Peter Lee
To Hell and Back: Hiroshima and Nagasaki
Gunnar Westberg
Close Calls: We Were Much Closer to Nuclear Annihilation Than We Ever Knew
Karl Grossman
Long Island as a Nuclear Park
Binoy Kampmark
Sweden’s Assange Problem: The District Court Ruling
Robert Fisk
Why the US Dropped Its Demand That Assad Must Go
Martha Rosenberg – Ronnie Cummins
Bayer and Monsanto: a Marriage Made in Hell
Brian Cloughley
Pivoting to War
Stavros Mavroudeas
Blatant Hypocrisy: the Latest Late-Night Bailout of Greece
Arun Gupta
A War of All Against All
Dan Kovalik
NPR, Yemen & the Downplaying of U.S. War Crimes
Randy Blazak
Thugs, Bullies, and Donald J. Trump: The Perils of Wounded Masculinity
Murray Dobbin
Are We Witnessing the Beginning of the End of Globalization?
Daniel Falcone
Urban Injustice: How Ghettos Happen, an Interview with David Hilfiker
Gloria Jimenez
In Honduras, USAID Was in Bed with Berta Cáceres’ Accused Killers
Kent Paterson
The Old Braceros Fight On
Lawrence Reichard
The Seemingly Endless Indignities of Air Travel: Report from the Losing Side of Class Warfare
Peter Berllios
Bernie and Utopia
Stan Cox – Paul Cox
Indonesia’s Unnatural Mud Disaster Turns Ten
Linda Pentz Gunter
Obama in Hiroshima: Time to Say “Sorry” and “Ban the Bomb”
George Souvlis
How the West Came to Rule: an Interview with Alexander Anievas
Julian Vigo
The Government and Your i-Phone: the Latest Threat to Privacy
FacebookTwitterGoogle+RedditEmail