While many loath Gina Raimondo’s vociferous Wall Street-over-Main Street approach to finance and politics, there’s also her sheer hypocrisy to dislike too. After riding the pension political football to millions of dollars in donations, reams of positive publicity and praise from some of the most pro-Wall Street people, political organizations and news outlets in the nation, she all of a sudden thinks we should change the topic.
Who can blame her. Even fellow Wall Street Democrats such as Frank Caprio, who works for an investment firm and considered running as a Republican, are critiquing her hedge fund heavy approach to pension investment.
On the other hand, changing the truth isn’t the same as changing the subject. Raimondo also told the Providence Journal:
“If the General Assembly had not passed the reform legislation, it is likely that some cities and towns would have gone bankrupt and that down the road pensions would have to be severely cut.”
I don’t believe state pension cuts saved any cities (and certainly no towns!) from filing for bankruptcy. Gene Emery?