WSJ publishes love letter to Raimondo in Saturday newspaper

March 24th, 2012 at 4:06 pm by under Nesi's Notes, On the Main Site

It seems safe to say the financial press has a bit of a crush on Treasurer Gina Raimondo.

Fresh off her CNBC appearance Friday morning, Raimondo is the subject of The Wall Street Journal’s Weekend Interview feature on Saturday. The headline (stop me if you’ve heard this one): “The Democrat Who Took on the Unions.”

WSJ assistant opinion editor Allysia Finley, who wrote about Central Falls last year, wrote the 1,600-word profile, which pours on the Raimondomania pretty thick. “So this is Gina Raimondo?” Finley asks at the start. “The state treasurer who single-handedly overhauled Rhode Island’s pension system and has unions screaming bloody murder? I had imagined her a bit, well, bigger.”

The only discordant note is sounded by Paul Valletta of the Cranston firefighters union, who gets two sentences to dismiss last year’s pension overhaul as “just a steppingstone for her to run for higher office.”

“Ms. Raimondo poses a greater threat to the labor movement than any Republican, because she undercuts its narrative that pension reform is merely a cause célèbre for conservatives who want to stick it to unions” – which, of course, is part of why she’s now the subject of a 1,600-word profile on the WSJ’s editorial page.

One glaring omission in the story is the municipal pension crisis, which is as bad as ever. Raimondo maintains that the situation with the 36 locally run plans is too messy to have been addressed in last November’s law, but it’s fair to say Governor Chafee, Mayor Taveras and others think that was a huge missed opportunity.

• Related: Raimondo opposes Chafee move to cut pension-fund deposits (March 21)

Tags: , ,

13 Responses to “WSJ publishes love letter to Raimondo in Saturday newspaper”

  1. Reality check says:

    I guess the Wall Street Journal isn’t as smart as they think they are. Raimondo is a disaster to everyone but Raimondo. See how well everyone likes her in a year or two. Ask Anne Nolan; ask all the restaurants in Newport that supported her. You can fool all of the people some of the time and some of the people all of the time — I guess the Wall Street Journal is among the fools.

    1. Mr. fish says:

      Everyone but the democrats love her. Oh wait, who are the majority of voters in is state …

      Damn I hate it when reality meets the Projo editorial page…….

  2. Albert says:

    Peak to high, to soon.

  3. Tough Love says:

    Quoting …”One glaring omission in the story is the municipal pension crisis, which is as bad as ever. Raimondo maintains that the situation with the 36 locally run plans is too messy to have been addressed in last November’s law, but it’s fair to say Governor Chafee, Mayor Taveras and others think that was a huge missed opportunity.

    A “missed opportunity” is putting it mildly. I quite sure many Union officials think the “won” by not suffering the same fate s the State Plans.

    Oh how wrong they are. In the not-too-distant future they membership is going to want to tar & feather them.

  4. Al Moncrief says:

    DON YOUR SUNGLASSESS BEFORE GLANCING AT THIS GLARING OMISSION IN THE ARTICLE:

    FOR THE EDIFICATION OF THOSE WHO WOULD ABANDON CONTRACT LAW IN RHODE ISLAND, THE RECENT RULING:

    “The case law does not preclude but rather supports this Court’s holding that Plaintiffs, as ten-year veterans of the State, possess a contractual relationship with the State pertaining to retirement allowances and COLA benefits which are not subject to collective bargaining.”

    1. Tough Love says:

      “Keep plucking that chicken”

      1. Al Moncrief says:

        Hi TL, the chicken and his buddies are contemplating where to roost next . . . it looks like the consensus is “home”.

  5. Jana says:

    The comments from what appears to be union bosses and members are so one note and self serving as to be laughable. Both here and in the WSJ comments. Ms. Raimondo is the first treasurer to address the problem of pensions. She has the backbone to push for change that is so badly needed in the area of pensions. Her approval rating is justly deserved. If she does run for Governor she has my vote. Wake up Mr. Valletta….this state is in trouble.

    1. Al Moncrief says:

      Silly, insisting that the terms of a contract to which you are a party be honored is “self-serving”, obviously. Happy that you find amusement in contract law, it’s healthy to laugh.

  6. Common Sense RI says:

    Al, Al, Al… Or perhaps we might call you Cecily?

    You really need to get better at this game. Maybe your union bosses just don’t pay you enough to sit out in Colorado and troll the internet all day. I guess better talent couldn’t be found for the price. If you are going to spread propaganda at least do it in a way that isn’t so transparent. No one buys what you are selling. Even if it had merit no one would buy it because you’re so over the top about it. You’re not fooling anyone.

  7. oreo says:

    Ms. Raimondo should watch Mr. Obama’s reaction this week when Obamacare gets the ax. She will then know how to act when her “reform” gets the very same ax by the courts.

    1. Tough Love says:

      And “when her reforms get the axe” …. leading to a run-out of the Plan funds, what will you do then ?

  8. [...] pushed Central Falls into bankruptcy and now threaten to drag Providence down, too. (Tett, like The Wall Street Journal, doesn’t mention that the new law barely touched those.) If anything, the level of focus on [...]