BRIGHT BULB Constellation hanging on. When Constellation Energy’s stock tanked due to failures on Wall Street, Constellation made moves to do the smart thing for our state: It decided to sell. The jury’s still out on whether the sale is going to be good for consumers, but at least the company didn’t just give in, go belly-up and stick it to the state.
OUTRAGE: Grand Old Pity Party
- Who: GOP leaders in the Maryland Senate
- What: They’re sticking it to Gov. Martin O’Malley on the budget.
- Why it’s a bad idea: Of course O’Malley messed up spending and taxing. We all saw him do it, warned him against it. But just because our predictions came true doesn’t mean we should be snotty about it. The “I told you so’s” aren’t getting anything done. Suck up the self-righteousness and find some rational Democrats to help fix it. No one wins the blame game.
- Why they’re doing it: They’re probably trying to make themselves look good for the next election.
- Where to vent: mdgop.org
“Not only did we lose money over the course of four years, we lost the opportunity to make money with another manager, another course [of action].” – Stephan Fugate, president of the board of trustees of the Baltimore City Fire and Police Retirement System, talking about the board’s firing of Legg Mason, which lost $7 million in pension money it was investing.
