A native-born Rhode Islander, educated in Providence Public Schools, went to college in North Carolina and a political junkie and pessimistic optimist.

3 responses to “RI Needs to Learn from Mistakes of 38 Studios Deal”

  1. RightToWork

    Thank you for this, Samuel. This is the first post, after nearly a dozen separate posts on this blog, that acknowledges that even a single individual other than Carcieri and Stokes were involved in making the 38 Studios Loan happen. It is the first post to acknowledge any Democratic involvement. It is the first post to acknowledge the involvement of Speaker Fox and the General Assembly.

    Rhode Island needs to learn some hard lessons about flashy, top-down quick fixes sold to it by self-proclaimed development “experts.” It needs to make the difficult decisions necessary to fix the business climate in the state – decisions that might anger certain powerful special interests. The important lessons will never be learned if this is turned into a mindless partisan issue and all of the blame is dumped at the feet of only one of the dozens of people directly involved in making the 38 Studios loan happen.

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  2. Barry

    While RTW is right that that there is blame to go around,  considering the frequent right-wing talking point that the Assembly (and not Republican Governors) is to blame for the mess in the state, it does seem legitimate to highlight Carcieri’s major role in this and the hypocrisy of Carcieri, Schilling and others who claim to believe in “small government.”

    As for as lessons learned, what about better checks and balances by requiring voter approval when such bonds are issued as “moral obligation” seems to be deemed equivalent to general obligation bonds that we do get to vote on.   

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    1. jgardner

      I believe the saying is “small gov’t for thee, but not for me”, right?

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