Glimmers of Hope?

 
 

 

The Sunday Seattle Times offers a page full of graphs to support a rather grim view of the state's economic future. But that pessimistic view isn't necessarily supported by the graphs on the page. Economics is all about trends, and if you look at the trendlines over the past year, conditions look substantially brighter. We are clearly beginning to emerge from that deep hole in which the financial crisis buried us.

  1. Leading economic indicators for Washington have climbed to 116.3 by September, up solidly from 110.3 a year ago, suggesting we should expect slow but steady economic growth ahead.
  2. There are 4.27 online adds for every 100 workers in our labor force. That's up about 30% from 3.26 jobs per 100 workers a year ago. Maybe not enough to quickly bring down state unemployment which remains stubbornly high at 9 percent. But unemployment in the state is significantly lower than that national rate of 9.6%. And the jobs available are much higher than the 2.79 average for the nation as a whole.
  3. Boeing employment has been on a steady climb since hitting a bottom in May. Recent increases are small, but with the new 787 beginning delivery in the first quarter of 2011 and the 747-8 soon afterward, hiring should start to pick up.  
  4. The purchasing managers' index is 59.2, up solidly from 52.6 a year ago, and substantially higher than 54.4 for the nation as a whole..
  5. Retail sales showed a year-to-year gain of 4.2% compared to a 6% decline the year before.
  6. Cargo volumes at the Port of Seattle were up about 20 percent.

The stubbornly persistent bad news is in housinig, where sales are down and inventories remain high. Housing problems are likely to plague us for a long time. But even here there is a glimmer of hope. Net new drivers licenses granted, which tends to be a good proxy for migration into the state, shot up to 12,100 in September, nearly twice the level of last September. New arrivals in the state help to create new demand for all that excess housing we built during the boom years.

Final Analysis: Would You Go to Work for Donald Trump?

Final Analysis: Would You Go to Work for Donald Trump?

Or would you rather end up on his enemies list?
 
 

Imagine getting a call inviting you to work for your country.

Now imagine your new boss is Donald J. Trump.

Would you move to Washington, D.C., to work for the president of the United States? For this president of the United States?

From what we know through simple observation, Donald Trump suffers from chronic narcissism, he doesn’t read much, he rarely smiles, he has a vindictive streak, he treats women badly, he has the argumentative skills of a bruised tangerine, he fears foreigners almost as much as he fears the truth and he spends his waking hours attached to marionette strings being manipulated by Steve “I Shave on Alternate Thursdays” Bannon.

Sure, you’ve probably suffered under bad bosses. But this guy takes the plagiarized inauguration cake. He thinks it’s OK to assault women. He made fun of a journalist’s disability. He said a judge couldn’t be impartial because of his ethnic heritage. He doesn’t pay people who have done work for him. He has been a plaintiff in nearly 2,000 lawsuits.

We have to assume that Sally Yates, the acting attorney general who got herself fired in January for standing up to President Trump’s ban on accepting immigrants from predominantly Muslim countries, has probably updated her résumé by now. No doubt she proudly included a mention that she torched the president whose approval rating after one week in office had dropped faster than it had for anchovy-swirl ice cream.

If I worked for Trump, it would most likely be a challenging assignment. I try to be gracious and diplomatic with supervisors and coworkers, but I draw the line with people who lie to me. Or lie to others and put me in an awkward position. With them, I’m not so gracious, and I don’t hold my tongue. Which would probably get me early induction into the Sally Yates Hall of Flame.

Or maybe on the president’s enemies list. None other than Trump’s reality-TV pal, Omarosa Manigault, has revealed that the president possesses a long memory — longer, even, than his neckties — and that his people are “keeping a list” of those who don’t like him.

I know I should give my president the benefit of the doubt, but I’m happy to make an exception in this case. I don’t like Donald Trump. And I would be honored to be on his enemies list. Not since I played pickup baseball in grade school have I had such an urge to scream, “Pick me! Pick me!” Being added to a Presidential Enemies List would be such a treat, a career topper, really. Better than submitting to a colonoscopy without anesthesia. Or watching reruns of Celebrity Apprentice. Without anesthesia.

If selected, I would pledge to save my best words for the president and I would only use them in the bigliest way.

Of course, making the enemies list means I might never get the call to join the new administration. I might never get to engage in locker-room banter with POTUS. I might never get to untangle the marionette strings. I might never get to buy razors for Steve Bannon.

It is a sobering realization. But we must serve where we are best suited.

John Levesque is the managing editor of Seattle Business magazine. Reach him at john.levesque@tigeroak.com.