Former Gov. Patrick joins Bain Capital

I’ve said on numerous occasions that the Democratic party needs to nominate more multi-millionaires for high profile elected offices like we need a hole in the head.   I said that on numerous occasions thinking specifically of our former governor, Deval Patrick.  (To be fair, he turned out to be okay – not great but not bad either.)  He leaves office and what does he do?  He lines up a $7500/day gig to lobby for the 2024 summer olympics to come to Boston.  That fell through but he’s landed on his feet.  From WBUR:

The former Democratic Massachusetts governor has joined the Boston firm Bain Capital to develop a line of so-called “social impact” investing.

The business “will focus on delivering attractive financial returns by investing in projects with significant, measurable social impact,” according to a Tuesday morning press release from Bain announcing the hire.

“Significant, measurable social impact”…  Yeah, Bain has a bit of a track record there.

“Bain Capital is widely recognized as both an innovative investment firm and a philanthropic and community leader,” Patrick said in the Bain release.

“A philanthropic and community leader”?  Really?  By whom?  I can’t say I’ve ever heard “Bain Capital” and “philanthropy” or “community leader” in the same sentence.  “Bain Capital” and “motherfuckers”, sure;  “Bain Capital” and “parasitic bastards who give capitalism a bad name”, certainly;  “Bain Capital” and “community leader”, no.  Definitely not.  Ah, but now that they’ve hired our socially-progressive former governor I’m sure everything will be wonderful and we’ll all get a pony and an ice cream.

Rich people can do great things with their wealthRich people can do good things for their fellow citizens which don’t involve them spending any money.  Most don’t.  I’m not expecting much from Gov. Patrick.