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Another crappy retailer goes away

by Jon DeVore — Friday, 1/16/09, 10:18 am

Turns out firing all your experienced sales people doesn’t work out so well in the end as a business model. At least it didn’t for Circuit City.

Americans put up with a remarkable amount of shitty service, but even we have limits. The free market works well when it comes to discretionary items in sectors with numerous competitors. You don’t like a store, you don’t go back.

Not as simple, of course, when it comes to things like Enron. Hard to shop around for electricity during brownouts caused by criminals. This key difference is often overlooked by conservatives touting free market solutions to every last damn thing. Consumer choice in cheap and mid-priced electronics? Great! Handing Social Security funds over to Wall Street? Not great.

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Deep thought, man

by Jon DeVore — Wednesday, 1/14/09, 4:54 pm

So if “everything is on the table” at all levels because everything is completely SNAFU, budget-wise, are we still going to stupidly spend tons of money arresting and locking up pot smokers?

In related, Atrios points out ending prohibition is the current number two issue at change.gov.

UPDATE [Lee]: Jon, the answer is no for the state legislators who introduced this bill today.

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Turbines trump tunnel?

by Jon DeVore — Wednesday, 1/14/09, 9:42 am

Okay, not to rain on the tunnel parade but Seattle isn’t the only metropolitan area in the Pacific Northwest with a pressing mega-project in waiting.

Combine river, wind, eco-friendliness and smooth sailing across the Columbia River and what do you have? A new Interstate 5 bridge with wind turbines generating electricity.

You read that right: The latest bridge design features vertically spinning turbines that would generate an unknown amount of juice while proclaiming loudly that the Portland-Vancouver area is the sustainability center of the world.

Personally, since I don’t live in Seattle, I’ve refrained from commenting much on the whole tunnel versus surface thing. You folks who live there should get the major say.

But since you can’t put wind turbines in your tunnel, you lose the coolness war. Sorry.

Now fork over some more money for down here too. Whaaaa? Money is tight to non-existent?

Oh. Could we have a rowboat or something?

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The retail crash bodes ill for services

by Jon DeVore — Wednesday, 1/14/09, 7:06 am

This is bad any way you slice it:

Retail sales plunged far more than expected in December, a record sixth straight monthly decline as consumers were battered by a recession, a severe credit crisis and soaring job losses, none of which are likely to ease anytime soon.

The Commerce Department reported Wednesday that retail sales dropped 2.7 percent last month, more than double the 1.2 percent decline that Wall Street expected.

And it’s especially bad for a border county.

Retail sales in Clark County experienced a sharp decline in last year’s third quarter as the effect of the housing slowdown continued to seep into the local economy.

According to a report Tuesday from the Washington Department of Revenue, the county’s store-only sales totalled $499.9 million in the three months ending in September. That was down 7.9 percent from $542.6 million spent at retail stores in the third quarter in 2007, and weaker than statewide trend.

Store-only taxable retail sales throughout Washington declined by 6.2 percent to $12.4 billion.

State lawmakers and local governments are chasing a constantly moving revenue target, and the target is going down, down, down.

That’s what happens when your system of taxation relies far too heavily on a regressive sales tax. By the time new revenue estimates are available, they’re most likely already outdated.

People are understandably worried about their own personal pocketbooks. I’m not so sure the wider public truly understands the huge impact on things we all take for granted, like schools, roads, police, parks and other basic services.

Our system of taxation never made much sense, and now it is just going to make things worse. And down here where a short drive over the river takes one to sales tax free Oregon, the trend is likely to accelerate.

Deep thought: usually recessions are relatively short and the state’s coffers are replenished. Is anyone talking much about what will happen in an extended downturn of say, two to four years?

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Seattle FHLB has issues

by Jon DeVore — Tuesday, 1/13/09, 8:56 am

The Seattle Federal Home Loan Bank has problems.

The Federal Home Loan Bank of Seattle joined its San Francisco counterpart in suspending dividends and “excess” stock repurchases, after devalued mortgage bonds dropped its capital below a regulatory requirement.

The likely shortfall on Dec. 31 was caused by “unrealized market value losses” on home-loan securities without government backing, the Seattle bank cooperative said in a filing with the U.S. Securities and Exchange Commission today.

Calculated Risk says uh-oh and quotes Congressional testimony (PDF) by Nouriel Roubini from February of last year:

[T]he widespread use of the FHLB system to provide liquidity – but more clearly bail out insolvent mortgage lenders – has been outright reckless. … A system that usually provides a lending stock of about $150 billion has forked out loans amounting to over $750 billion in the last year with very little oversight of such staggering lending. The risk that this stealth bailout of many insolvent mortgage lenders will end up costing massive amounts of public money is now rising.

So as state and local governments struggle with the crashing economy, and individuals struggle with uncertainty, unemployment, the loss of homes and debt, we still don’t really know the extent of the damage by this insane financial disaster.

It’s like the car has gone off a cliff and we’re somehow going to suspend it in mid-air by giving people $500. Folks may like the money, and the very serious people who have been wrong about everything for eight years will insist the car can be suspended, but most folks won’t have much time to enjoy the dough. The ground is coming up at them too fast.

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No reason to exist, really

by Jon DeVore — Monday, 1/12/09, 10:15 am

To answer eburger’s perhaps rhetorical question, yes Republicans in the Legislature tend to be wildly inconsistent. Their constituents want and need things that cost money (roads, schools, cops, etc.) but the GOP is so wedded to outdated anti-tax rhetoric that hypocrisy is the only possible outcome. Those proud, independent real Americans on the east side of the mountains need highways after all! Frankly I kind of wonder why the Republican Party still exists, other than tradition. It serves very little purpose.

When I consider things calmly and rationally every year or two, I realize that a sincere and dedicated opposition party would be very beneficial in running something as big and bureaucratic as a state government. There are always things to improve and it would be naive to think there is not corruption in places, if not illegality then certainly shady practices, back-scratching and nods and winks. You know, like the Bush administration, if we’re looking for textbook examples. But these things are endemic to bureaucracies the world over, public and private, and nobody has a monopoly.

But the GOP never seems to start from a place other than loud, angry, destroy-the-government rhetoric. I guess that’s their purpose, to just be angry. Fun for us as it’s great sport to return the favor. Elections have consequences, you know.

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Deep thought

by Jon DeVore — Monday, 1/12/09, 7:04 am

In only eight days, if I wake up, turn on the radio and hear the president is having a press conference, I won’t have to turn the radio off.

Been a long eight years. Is there anyone left who cares one whit what George W. Bush has to say about anything?

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Joe the Douche takes a vacation

by Jon DeVore — Sunday, 1/11/09, 9:31 pm

Joe the Not a Plumber is still an uninformed right wing douche, except now he’s being paid wingnut welfare to travel. I just hope he doesn’t ever make it to China, for his own sake.

Notice how on their side the bigger an idiot you are, the more likely it is that the right will pay you. They celebrate stupidity.

It’s not a bug, it’s a feature. Viva la Palin!

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Session starts tomorrow

by Jon DeVore — Sunday, 1/11/09, 8:09 pm

The infamous fake sex offender postcard mailing was only three years ago.

That worked out well. And if they think I’m going to stop bringing it up, they’re wrong. It was sort of a local Schiavo case. Republicans in all their naked depravity, exposed. Good times.

For us.

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Nobody could have predicted

by Jon DeVore — Sunday, 1/11/09, 10:17 am

Bob Caldwell, editorial page editor of The Oregonian, in a column about civility in public discourse. (article not on-line right now, print version Jan. 11, 2009, page B1)

Also last week, some readers greeted the launch of Elizabeth Hovde’s local conservative column as the occasion to make their comments personal, and, in a few cases, downright vile.

And here’s the first sentence from Hovde’s debut column last week:

I’m not David Reinhard, but I’ll take his hate mail.

Hard to imagine a few kooks took her up on it. Dirty hippies!

It’s a strange newspaper world when shoving right-wing columnists down people’s throats is a civic duty. I’m not tempted to cancel my subscription over the hiring of Hovde, as a newspaper can print whatever it wants pretty much, but I am tempted to cancel my subscription because Caldwell insists on defining his new columnists as “center-right,” which is essentially a Republican canard. (You’ll recall the desperate attempts after the election by Republicans to reassure themselves that the country is still conservative, despite the most solid evidence of all, the election itself.)

By defining his new “center-right” columnists as being in opposition to the O’s editorial board, he magically transforms a traditionally Republican-leaning newspaper into a liberal one. Voilà! (Yes, they endorsed Obama. So what? The choice was between insane and not insane, the insanity being another four years of Republican rule rather than John McCain himself, the choice of running mate notwithstanding.)

Hey, here’s an idea. Newspapers, seeing as they are all going out of business and stuff, could judge their opinion columnists by the intellectual strength of the ideas they write about rather than making sure enough of them piss off the DFH. It may be fun to make the libruls mad but it’s kind of a zero sum game, and there was enough of that mindlessness in the last eight years to last a lifetime.

Thus when columnists are inclined to parrot RNC and stink tank talking points, this would count against them! Those with their own knowledge of history, government and politics and original ideas might thrive!

For example, if a conservative could actually make a convincing argument why unions have no inherent right to exist, based on history and the law, I might listen. Here’s a hint: personal resentments and “free-market” folderol are not convincing arguments.

I know, I know. I’m being uncivil by bringing any of this up.

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Vancouver-Portland bridge discussions intensify

by Jon DeVore — Saturday, 1/10/09, 8:15 am

Talks over a possible new I-5 bridge between Vancouver and Portland have heated up a bit, according to this article from The Oregonian:

Portland and Vancouver squared off Friday on the size of a new Interstate 5 bridge, with Vancouver officials aiming for a high-capacity span and Portland insisting that a smaller, more environmentally friendly alternative could suffice.

The article quotes new Portland Mayor Sam Adams as saying he could possibly support a ten lane bridge, and then David Bragdon, who heads Metro, weighs in along the same lines:

Metro Council President David Bragdon sided with Adams, saying he could agree to 10 lanes. But that support would be based on charging high tolls to encourage mass transit use and discourage rush-hour commuting.

On the Washington side, both Vancouver Mayor Royce Pollard and the city council member challenging him, Tim Leavitt, didn’t seem to like the idea of a smaller eight lane bridge, with Leavitt immediately playing to the peanut gallery by saying

“I’m not really interested in compromising on issues related to safety and congestion and the economy of our region,” said Leavitt, chair of the board of C-Tran, Clark County’s mass transit agency.

I’ve always found sanctimony to be the best possible political strategy, which could explain why I never ran for office. But I digress.

More than a few things strike me as interesting here. [Read more…]

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You can’t get there from here

by Jon DeVore — Thursday, 1/8/09, 9:01 am

Flooding shuts down I-5 in Lewis County. The communist choo-choo is no good either.

Can’t we all just get along?

Why do people insist on living in New Orleans Lewis County anyhow? They should just move, abandon their property and history and scatter their families to the wind, that’s what they should do, ’cause I heard it on the talk radio station.

I don’t wanna pay to help my fellow citizens, because I’m a heartless bastard. Now back to the regularly scheduled talk about cutting the pay of the people who teach your children, because they are freeloaders.

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But will we get an ownership stake?

by Jon DeVore — Wednesday, 1/7/09, 2:16 pm

Barry Ritholtz at Big Picture, noting that porn impresarios Larry Flynt and Joe Francis intend to ask Congress for a $5 billion bailout for their sagging industry:

According to TMZ website, Adult DVDs (and by Adult, we mean XXX) sales are, well flaccid. DVD sales are off 22%.

Leave it to the porn guys to make a point all Americans can stand behind.

I demand bi-partisan hearings chaired by John Cornyn.

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Zarelli-o-nomics: punish the people

by Jon DeVore — Wednesday, 1/7/09, 8:46 am

Too bad regular folks don’t have any lobbyists.

Programs approved by the Legislature but not yet implemented, including a paid family leave benefit and a working-class tax credit, should be among the first to go, Zarelli said. Cutting programs now would reduce the amount lawmakers will have to slash from the 2009-11 budget, he said.

Yeah, that blasted little tax credit that hasn’t even been funded sure is causing problems. The working poor don’t deserve tax cuts or government bailouts, only corporations and executives do. This leaves aside the pressing question of who the heck is actually going to buy stuff from these corporations, but as long as Republicans get to punish someone I guess it’s okay.

And that, in a nutshell, is why Republicanism is at such low ebb. Even in the midst of the worst economic meltdown in 70 years, they still want to punish those they see as undeserving. Sad, really.

MORE–If you want to see what I mean, peruse these sections of RCW 82.08 concerning sales tax exemptions. I’m sure all of them are well intentioned. But I don’t think the public understands how many of these there are, or how they got there. And yes, many of them were likely sponsored and passed by Democrats. I don’t care who passed them. If there’s a budget problem, all of this needs to be on the table, with apologies to bee-keepers, purchasers of milk cows for use on the farm and makers of anodes and cathodes used for making aluminum for sale, etc. Stop bagging on the regular people for once.

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New TVW blog debuts

by Jon DeVore — Tuesday, 1/6/09, 10:15 pm

TVW has a new political blog written by Niki Sullivan, who used to write for the News-Tribune. I always found her writing to be witty and informative, so I’m looking forward to this new effort. (Props to Bellingham Herald reporter/blogger Sam Taylor.)

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