SternSkipper
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THE JOB UNCREATORS???? Especially when they hail DIRECTLY from their own party and have been the stick with which to bludgeon people that have created more sustainable jobs than these jokers can count to.
Take for instance the curious case of Curt Schilling ... Ironic name really cause that's basically homophone for what he has been doing for the GOP since he was fortunate enough to pitch in a series of games that made baseball history (course a lot of his fame comes of a romantic bloody sock episode and the fact that he upstaged the great Pedro Martinez .. the truth is, the credit for that amazing ALCS Series should go to the basemen, outfielders and hitting staff of the Boston Red Sox).
The Fans of the Red Sox Nation, were happy to regale a braves performance of course. Curt was much lauded for what he did contribute. But then he turned on the fans and New Englanders in general by appearing with George Walker Bush in New Hampshire bad mouthing John Kerry and democrats in general and really not knowing a fuckload of ANYTHING about politics... but he had a bloody sock and they used it to try and destroy Kerry in NH, MA, RI, ME, CT, and even in NY. It was the ultimate lead balloon endorsement. But that's not the point it was a divisive tactic and it flew in the face of the image and culture the Red Sox had faithfully crafted for decades with their fans. And Schilling crossed a line with most New Englanders in those days after OUR victory. The Sox themselves were pretty pissed as well. It was absolutely Co-opting a moment huge importance to us that transcended ANYTHING else.
So fast forward to several years later. Deval Patrick was now governor and when Schilling set himself up in the software business (namely gaming software) in a state where software is a major area of expertise. He presented the Governor's economic development commission team with with a total VAPORWARE business plan and basically went over their heads to public opinion to try and force the heavy buy-in the state would have to kick in and all the tax breaks to "Green Monster Games" they were rejected big time (the prick was STILL Thieving from the Sox by stealing the name of Fenway's most legendary feature ... lying about what the name meant whenever he was asked... guess the cheap shit was worried about a trademark suit). He renames the company after his Red Sox Jersey number and starts the hard sell of his yet to exist product again. But ...You can't run a scam on a state having NO PRODUCT, and having no clue about an industry that something on the order or 25% of the state very clearly DOES.
So what's Schilling do? Well instead of taking up a business investment more suited to his intellect and life experience, like a CAR DEALERSHIP for instance, he makes some big hires and starts hype about going after World of Warcraft's market share and a game called Everquest ... still, nobody takes the bait.
However, in 2010, he takes his con-game to lame duck governor Donald Carcieri who was literally DESPERATE to make some positive headlines after his attempted 12 day furlough state workers blew up in his face. And after a bunch of phony dog and pony shows for the EDC in RI, and even some glad handing from his old pal Dubyah, the state of RI bites on the hook to the tune of a $75m.
And from here, well 38 Studios ALLEGEDLY finally was preparing to release it's first two products 'sometime later this year' ... REALLY?!?! Can you IMAGINE if someone who'd been given BAIL-IN by a state government having taken over 7 years to bring a piece of SOFTWARE to market, being a democrat, and getting away with that. In fact, can fathom ANY business playing VAPORWARE for that long? SHIT MAN, EVEN MICROSOFT wouldn't go there.
So three weeks ago, rumors start up, first in the business that 38 Studios has been spending money like drunken sailors and is about to announce they can't make the loan payment against what the State of RI guaranteed on their behalf... AND THEY MAY NOT EVEN MAKE PAYROLL.
So naturally the state started asking questions and Schilling started a back current of finger pointing at the current governor (course, the public didn't really hear any of that beyond murmuring and rumors being spread by Schilling's talk-radio cronies).
Now in the last 10 days the shit really hit the fan. First Schilling blows his loan payment deadline REQUIRING the state to step in to review the circumstances and determine what, if anything they actually needed to do. What does republican and celebrity advocate of smaller government, and critic of "Obama's Bailouts" as for? Well of course A BAILOUT.... Why not? He got a BAIL-IN, might as well get a BAIL-OUT. Meanwhile, there were also stories kicking around about multimillion dollar personal loans he recently took against his equity that do not appear to have gone back into the company. Boy, when this guy turns totally bullshit in regard to the positions he takes publicly, he goes ALL THE WAY.
Anyway, he got a reprieve from the governor and within days he was implicating Linc Chaffee with his woes, first for not buying them the 6 month breather they were asking for behind closed doors and then for making disclosures to the public that were inappropriate... Hahahahahaha Schilling went and told his employees, whom he apparently convinced that if they lost their jobs, it wouldn't be because the company sucked and they produced no product that brought in REVENUE, but that it is a Governor's fault for keeping the people that voted him into office IN THE LOOP.
Then Schilling's next move was to write the Servicers of his loan 1.1 million dollar RUBBER CHECK... Then he announced being unable to make payroll and he then laid off in their entirety a few days after.
So now, the taxpayers of the State of RI are stuck with the damages, which with the business's total debt, penalties, unpaid interest, etc will easily reach $112 mil and will see no assets out of this company period, unless right wing bullshit suddenly becomes a commodity.
Breaking News
Chafee: 38 Studios back in default; seeking forensic audit
Comments 111 | Recommend 10
May 25, 2012 5:34 pm
By News staff
PROVIDENCE, R.I. -- 38 Studios is back in default on its $75-million loan because it didn't give the state advance notice it was laying off its whole staff Thursday, Governor Chafee said at a Friday-afternoon news conference.
Chafee said Curt Schilling's videogame company has 30 days to cure the default.and become eligible for millions of dollars in tax credits it wants. He said he is doing everything he can to help the company find outside investors, but is "very pessimistic."
Chaee said he wants a forensic audit of the company. He said he is confident its records are secure, but wouldn't say why he's confident.
The governor said he didn't know at the time that Keith Stokes, his former economic-development director, had signed an agreement to let IBM submit oral reports monitoring the company's status, rather than the written reports originally required.
"I did not know, and I assume the [Economic Development Corporation] board did not know," Chafee said.
Chafee chairs the board.
-- reports from Kate Bramson, Journal staff writer
http://news.providencejournal.com/breaking-news/2012/05/chafee-38-studi-2.html
< Message edited by SternSkipper -- 5/27/2012 10:33:26 PM >
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Looking forward to The Dead Singing The National Anthem At The World Series.
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I noticed a lot of talk about the so-called 'Job Creato... - 
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