FacebookTwitterRedditEmail

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

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.

More articles by:

Andrew Stewart is a documentary film maker and reporter 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.

bernie-the-sandernistas-cover-344x550
December 12, 2019
Ramzy Baroud
Money, Power and Turf: Winning the Middle East Media War at Any Cost
Martha Rosenberg
How Does One of the Most Hated Industries Stay Profitable?
Steven Salaita
Renouncing Israel on Principle
Basav Sen
Most Americans Support Phasing-Out Fossil Fuels…Isn’t That Worth a Headline?
George Ochenski
Pride Goeth Before the Fall
Ted Rall
The U.S. Government Lied about the Afghanistan War, They Couldn’t Have Done It Without Media Lapdogs
Daniel Falcone
How Working Class Atomization and the Mohawk Valley Formula Gave Us Centrist Democrats
Lawrence Wittner
A Boss is a Boss: Nurses Battle for Their First Union Contract at Albany Medical Center
Kris De Decker
We Can’t Do It Ourselves
James A Haught
Zealots in High Office
Robert Fisk
When You Follow the Gun Trail, You Can End Up in Expected Places
Jerome Irwin
No Israeli Peace, Joy or Goodwill at Christmastime for Palestinians
George Wuerthner
Goat Grazing is No Solution to Wildfires
December 11, 2019
Vijay Prashad
Why the Afghanistan Papers Are an Eerie Reminder of Vietnam
Kenneth Surin
Australia’s Big Smoke
Sameer Dossani
Ideology or Popularity: How Will Britain Vote?
John W. Whitehead
Who Will Protect Us From an Unpatriotic Patriot Act?
Binoy Kampmark
Interference Paranoia: Russia, Reddit and the British Election
Scott Tucker
Sure, Impeach Trump, But Let’s be Honest
Nyla Ali Khan
Homogenizing India: the Citizenship Debate
Thomas Knapp
Congress: The Snail’s Pace Race
Shawn Fremstad
Modern Family Progressivism
Joseph Essertier
Julian Assange, Thanks for Warning Japanese About Washington
William Minter
How Africa Could Power a Green Revolution
December 10, 2019
Tony McKenna
The Demonization of Jeremy Corbyn
John Grant
American Culture Loves a Good Killer
Jacob Hornberger
Afghanistan: a Pentagon Paradise Built on Lies
Nick Licata
Was Trump Looking for Corruption or a Personal Favor?
Thomas M. Magstadt
What’s the Matter With America?
Brian Tokar
Climate Talks in Madrid: What Will It Take to Prevent Climate Collapse?
Ron Jacobs
Where Justice is a Game: Impeachment Hearings Redux
Jack Rasmus
Trump vs. Democracy
Walden Bello
Capitalism with Chinese Characteristics
Binoy Kampmark
A Troubled Family: NATO Turns 70
Brian Horejsi
Citizens Are Never Trusted
Michael Barker
Self-Defense in the Civil Rights Movement: the Lessons of Birmingham, 1963
John Feffer
Soldiers Who Fight War
Howie Wolke
Willingness to Compromise Puts Wilderness at Risk
December 09, 2019
Jefferson Morley
Trump’s Hand-Picked Prosecutor John Durham Cleared the CIA Once, Will He Again?
Kirkpatrick Sale
Political Collapse: The Center Cannot Hold
Ishmael Reed
Bloomberg Condoned Sexual Assault by NYPD 
W. T. Whitney
Hitting at Cuban Doctors and at Human Solidarity
Louisa Willcox
The Grizzly Cost of Coexistence
Thomas Knapp
Meet Virgil Griffith: America’s Newest Political Prisoner
John Feffer
How the New Right Went Global — and How to Stop It
FacebookTwitterRedditEmail