Jon Talton
Analysis and commentary on economic news, trends and issues, with an emphasis on Seattle and the Northwest.
Blog Home |
E-mail Jon |
Subscribe | Twitter feed |
Read Jon's weekly columns
Comments (0)
E-mail article
Print
Share
That sinking feeling: D.C.'s dis' of ferry system points to deeper trouble
Posted by Jon Talton
Top of the News: The report in this morning's Seattle Times that the state ferry system -- the nation's largest -- has been virtually shut out of federal stimulus money is troubling on several levels.
One has to wonder where state political leaders were while the allocations were being crafted. Also, does President Obama have a Harry Hopkins, the brilliant and wily administrator who did such a good job during the Depression handling New Deal stimulus? Apparently not. And is there objective economic assessment in stim projects or just raw political calculation?
The neglect of the ferry system, an essential part of the state economy, is emblematic of the struggle states face to maintain existing infrastructure in the face of repeated tax cuts and tax limitation initiatives. Thus, relatively little of the stim is going to forward-leaning infrastructure that would add to productivity and lasting jobs: say, bullet trains. But even back-filling help from the feds is better than nothing. Right now the message seems to be: Obama to Washington state: Drop dead.
The Midweek Briefing: Could the Mark Sanford scandal have a Boeing angle? The State newspaper in Columbia, S.C., offers more details about how the governor misled his staff while "hiking the Appalachian trail." And there's this tidbit: "The governor allowed some economic development initiatives to take a back seat during his secret trip. Sanford was invited to -- but turned down -- a dinner invitation June 24 with representatives from a company looking to expand its S.C. operation, according to e-mail records. The company's name was redacted."
--Speaking of aerospace jobs, Dallas TV station WFAA had a fascinating report on how hundreds of aircraft repair jobs were sold to foreign workers. Resumes were apparently optional. "Insiders say the companies that are importing the mechanics are so eager to save money, they're overstating their qualifications. The result may be a threat to safety, abetted by lax enforcement of immigration law."
--Peak oil deniers take note: China sees renewable energy as a "strategic industry," and, according to the New York Times, is working hard to gain global dominance in the field. It's using protectionist tactics to get there. This is among the issues Commerce Secretary Gary Locke faces on a China trip this week.
--Also from "the other Times" is this provocative interactive graphic showing real unemployment by state, not the narrow "official" measure. Washington's at 16 percent. South Carolina at 20 percent.
Today's Econ Haiku:
Hole-y airliner.
Remember Southwest was fined
For maintenance gaps
Copyright © 2009 The Seattle Times Company
May 25 - 9:50 AM Vote: The big event this summer | Jon Talton
May 24 - 9:20 AM Taking stock of Amazon.com
May 23 - 10:44 AM Is Dow 13,000 in our rearview mirrors?
May 22 - 10:30 AM Peak Fool: Facebook and JPMorgan
May 14 - 9:00 AM Gone for the week


- Madrona dad killed by a bullet as he drove through Central Area
- Matt Flynn has good day in Seahawks' 3-way QB competition
- Brandon League looks out of his own for Mariners
- Facebook messages trigger melee at Whitman Middle School
- Why dealing for Kellen Winslow makes sense for Seahawks | Steve Kelley
- Ex-boyfriend sought in death of Renton girl, 17
- Seattle police twice face hostile crowds at scenes of violent crime
- Komen controversy hurting Race for the Cure
- Juror alternates' actions have court on red alert
- Driver fatally shot in Central Area
- Opponents of gay-marriage law say they have enough signatures
891 - Mariners look to get back on winning track against Angels
477 - Madrona dad killed by stray bullet as he drove through Central Area
468 - Typical CEO made $9.6M last year, AP study finds
166 - Seattle police twice face hostile crowds at scenes of violence crime
134 - Fact check: Ad exaggerates Obama's debt
130 - A worthwhile conversation about charter schools
109 - Brandon League blows save in the ninth...again
82 - May questions, volume seven
72 - Brandon League looks out of his own for Mariners
66
- Madrona dad killed by a bullet as he drove through Central Area
- Driver fatally shot in Central Area
- Facebook messages trigger melee at Whitman Middle School
- Downtown building fetches $55M, thanks to Amazon effect
- Opponents of gay-marriage law get unexpected aid: from Muslims
- A second chance for idle electronics
- 'Tutankhamun' in Seattle: artifacts both dazzling and humble | Art review
- Get a sitter — please — for these 10 great date-night restaurants | All You Can Eat
- Komen controversy hurting Race for the Cure
- Rescued teen tells author how story helped him survive


