Obama's Budget Rejected Unanimously By Senate, 99-0 | Main | Piers Morgan Notches CNN's Lowest Primetime Demo Ratings in 15 Years
May 16, 2012

Wait....Rhode Island Gave Curt Schilling (Yes, THAT Curt Schilling) $112 Million In Loan Guarantees For His VIDEO GAME Company?

And now the company is defaulting on the loans. Of course they are.

In 2010, the state of Rhode Island came a-calling. As part of the RI Economic Development Corporation's effort to create jobs in the state, they offered 38 Studios a $75 million loan, if only they would pack up operations and bring them to Rhode Island. Schilling and co. moved to Providence, and pledged to employ 450 locals. It was a gamble for the state, which only had $125 million for the entire job creation program, and took criticism at the time.

450 people? To design a video game? I worked in the industry about 10 years ago on a game that became really popular and was sold to a major company for a metric butt-load of money (not that I got any of that). If there were ever more than 30 people working there I'd be shocked and they never got anywhere near $75 million in cash until they sold out.

Of course Schilling's company only ever had 288 people working there anyway. 288 people? On development? For a game not even ready for preview at E3? Oh dear God!

They better have singing robots there for that kind of money.

Of course Schilling is a "conservative" who is happy to take government money (that he used to pay himself back money he "lent" his company) and now wants even more money from Rhode Island. It seems all this money apparently comes from Obama's so-called "stimulus".

People in government don't even know how to run a government. Why do they think they are qualified to be investors?

Remind me again, why do we have Rhode Island as a state?

Via @abumuqawama

digg this
posted by DrewM. at 06:08 PM

| Access Comments

Recent Comments
JTB: "The Omega trickler website is still up and lists i ..."

gp: "Found a bunch of 223 casings only 10 yards from th ..."

Weasel: "It looks like Dandy Products, LLC is selling them ..."

Blue Bird of F'ing Joy: "[i]the Omega Powder Trickler has been discontinued ..."

Iron Mike Golf: "[I]250 When I sort brass I separate out the nickel ..."

qdpsteve: "Actually Campbell died on my birthday in 2017. ..."

rickl: "[i]268 Iowa, Campbell died last year. The Coens' ..."

Iowa Bob: "[i]268 Iowa, Campbell died last year. The Coens' ..."

Blue Bird of F'ing Joy: "[i]try humping a Pig all day... loads of fun, even ..."

gp: "Good range day with the Garand and SP1, prone and ..."

Weasel: " 271 Weasel, I just learned that the Omega Powder ..."

Iowa Bob: "[i/250 Is the "nickel" actually nickel, or is it ..."

Recent Entries

Polls! Polls! Polls!
Frequently Asked Questions
The (Almost) Complete Paul Anka Integrity Kick
Top Top Tens
Greatest Hitjobs

The Ace of Spades HQ Sex-for-Money Skankathon
A D&D Guide to the Democratic Candidates
Margaret Cho: Just Not Funny
More Margaret Cho Abuse
Margaret Cho: Still Not Funny
Iraqi Prisoner Claims He Was Raped... By Woman
Wonkette Announces "Morning Zoo" Format
John Kerry's "Plan" Causes Surrender of Moqtada al-Sadr's Militia
World Muslim Leaders Apologize for Nick Berg's Beheading
Michael Moore Goes on Lunchtime Manhattan Death-Spree
Milestone: Oliver Willis Posts 400th "Fake News Article" Referencing Britney Spears
Liberal Economists Rue a "New Decade of Greed"
Artificial Insouciance: Maureen Dowd's Word Processor Revolts Against Her Numbing Imbecility
Intelligence Officials Eye Blogs for Tips
They Done Found Us Out, Cletus: Intrepid Internet Detective Figures Out Our Master Plan
Shock: Josh Marshall Almost Mentions Sarin Discovery in Iraq
Leather-Clad Biker Freaks Terrorize Australian Town
When Clinton Was President, Torture Was Cool
What Wonkette Means When She Explains What Tina Brown Means
Wonkette's Stand-Up Act
Wankette HQ Gay-Rumors Du Jour
Here's What's Bugging Me: Goose and Slider
My Own Micah Wright Style Confession of Dishonesty
Outraged "Conservatives" React to the FMA
An On-Line Impression of Dennis Miller Having Sex with a Kodiak Bear
The Story the Rightwing Media Refuses to Report!
Our Lunch with David "Glengarry Glen Ross" Mamet
The House of Love: Paul Krugman
A Michael Moore Mystery (TM)
The Dowd-O-Matic!
Liberal Consistency and Other Myths
Kepler's Laws of Liberal Media Bias
John Kerry-- The Splunge! Candidate
"Divisive" Politics & "Attacks on Patriotism" (very long)
The Donkey ("The Raven" parody)
Powered by
Movable Type 2.64