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Massachusetts Liberal

Observations on politics, the media and life in Massachusetts and beyond from the left side of the road.

Friday, May 18, 2012

Job creation: Schilling style

From bloody sock to bouncing check. Curt Schilling should have quit while he was ahead.

Instead, the man who played a key role in the Red Sox 2004 World Series win today stands as the poster child of the arrogant conservative businessman who moans about big government intrusions, until he wants a taxpayer-financed handout for his business.

What makes Schilling's apostasy even worse was, when that business ran into trouble, he put his hand out yet again, then tried to stave off the end by offering a $1.1 million check to meet his loan payment that was as rubbery as the toe plate he stepped on at Fenway Park.

The man who was quick with words when he extolled New England about the small government virtues of George W. Bush, John McCain and Scott Brown was unsurprisingly mute when called to task for his own mess.

Schilling claims to have put $30 million of his own money into the venture, a claim that now should be taken with as much faith and credit as the rubber check he tried to pass. Even so, as the Globe's Brian McGrory notes, Schilling ought to have some cash to cover his debt, having earned $114 million over his career.

There's plenty of opprobrium to heap on the leaders of Rhode Island who fell for Schill's shell game.  You can argue they also cut him a break by returning the check before it actually bounced and would have left him with legal problems for passing a bad check, something I'm sure the state would not do for the average bad paper passer.

But in the end, it's all about Schilling, the pampered athlete who had millions playing a child's game, then sought to make millions more creating a different form of diversion for children and adults. Someone who had things handed to him on a silver platter because of an ability to accurately throw a ball, but who expected that special treatment continue.

Schilling can now stand as the face of the "job creator" so revered by the Republicans. Except of course he jettisoned those jobs to save his own skin.

The silver lining? He's Rhode Island's problem, not ours.

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3 Comments:

Anonymous Anonymous said...

Maybe government will learn from these mistakes, Schilling, Evergreen Solar, Solyndra, but wait GM worked out right? So what is it, do you support government intervention or not?

May 18, 2012 11:37 AM  
Blogger Unknown said...

Anon, investment isn't plutocracy; they need to be separated.

Bailing out GM or even the banks to stop a 11% reduction (at the least) in GDP is not the same as voluntarily giving one man 70% of your economic fund because of his word. If you can't see the difference...

Imagine if $75 million was used to open a public engineering and computer science university in RI along the lines of CalTech, MIT, WPI? That's an investment worth talking about.

Rolling a dice on a exclusively on one player in a industry with a few big winners and a lot of losers is not. Something about a basket and eggs...

As for Green energy, there is a case to be made that renewable, green energy is a matter of national security and prosperity. Oil will not be around forever, and being beholden to foreign nationals for our domestic power needs is something even our military is realizing is a bad idea. It shouldn't even be a liberal/conservative debate... we need to find a way to secure energy independence for the future.

Making wise investments, broadly over the green energy industry is a long term investment in more than just short term monetary returns. And spreading the risk, so far, is what they're doing; unlike the former gov of RI and Mr. Shilling.

May 18, 2012 1:59 PM  
Anonymous Anonymous said...

Oh I can see the difference, but why did we bail out GM, why didn't we just start an electric car company with government money, no oil then? And then require every citizen to buy an electric car, plenty of business right? But in this state we'll create a gaming commisson and foster the use of slot machines so the elderly can go and lose their social security checks, and then put aside money to help them with their addiction which the state helped create.

May 20, 2012 5:45 PM  

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