Back in 2005, when local pundits were kvelling over how Mike McGavick, with his mix of political experience and private sector success, was such a savvy choice to counter Sen. Maria Cantwell, I wasn’t so sure:
It’s hard to imagine how the Republicans are going to present a multi-millionaire insurance company executive who proudly advocates shipping jobs overseas, as a “man of the people.” But you know they’re going to try.
I hear some righties snidely claim that they’re going to force Cantwell to run on her record. Well I hate to burst their bubble, but McGavick has a record too, and it ain’t gonna look so pretty by the time November, 2006 comes around.
Substitute “real estate speculator” for “insurance company executive” and you get Dino Rossi circa 2010.
Republicans and some namby-pambies in the press may decry the way the DSCC has been adroitly flinging dirt at Rossi these past few months, but the Dems don’t need to uncover any illegal or corrupt real estate speculation to damage Rossi, they merely have to drive home the point that this is how he makes his living. For in the same way that “insurance company executive” wasn’t exactly the most admired profession back in 2006, “real estate speculator” (or even the less pejorative “investor”) is hardly the best sales pitch to voters in our post real estate bubble economy.
Rossi made his fortune on Western Washington’s prolonged real estate bubble. That’s a fact. And as his own website made clear in the wake of his 2008 gubernatorial loss (and until nearly an hour after it was supposed to flip over into campaign mode), Rossi sought to profit further from the losses suffered by others in the real estate market’s subsequent collapse:
“The next two years will be a terrific time to purchase quality properties at prices that make sense.”
Nothing illegal about that. Nothing particularly unethical, I guess, by capitalist standards.
But there’s nothing particularly honorable about it either.
There will be two candidates on the November ballot, and assuming Rossi makes it past the primary, only one of them will have profited from the real estate bubble, and from its epic collapse that undermined our economy and put millions of Americans out of work.
Huh. “Insurance company executive” doesn’t sound like such a bad resume bullet point anymore, does it?