Uncle Ben says: Buy bonds to help Oregon

| Print |  Email
Archives - March 2009
Sunday, March 01, 2009

STATEWIDE

Uncle Ben Westlund wants YOU to buy Oregon bonds.

Sure, the fine print at the bottom of the state treasurer’s new website buybonds.oregon.gov offers a disclaimer that this is not an offer to sell bonds. But the large-print headline at the top of the page is less ambiguous: BUY OREGON BONDS, it urges the reader, in all capital letters, with the state seal stamped next to Westlund’s name and title, followed by an homage to the “scenic Oregon coast” and the “rugged Oregon outback,” stirring up images of a muscular, eagle-eyed Uncle Sam demanding patriotic investments in 1942.  

The urgency of the appeal is understandable. In February, while the U.S. Senate was dallying over the details of a trillion-dollar stimulus package, the Oregon Legislature acted decisively, passing a $175 million “Go Oregon” package to create an estimated 3,000 jobs. That makes more than $1 billion for building and renovating Oregon roads, hospitals and schools, queued up for bonding.

The tricky part is finding investors. Thus the assurance from Westlund that Oregon muni bonds offer a “secure and safe investment in this time of market chaos… exempt from most federal and state income taxes,” followed by his confidence-building reminder that Oregon has never defaulted on a bond.

It didn’t take long for Westlund’s pitch to bring in retail investors, who bought up a record $130 million in Oregon bonds in the program’s debut week. Similar successes have been reported in California, which pioneered the trend in June 2007. No doubt other states will be joining the bond rush soon, in the name of God, country and anything else that closes the deal.        BEN JACKLET


Have an opinion? E-mail This e-mail address is being protected from spambots. You need JavaScript enabled to view it

 

 

 

More Articles

The Health Guru

May 2015
Monday, April 27, 2015
BY LINDA BAKER

Mohan Nair channels a visionary.


Read more...

Short Shrift:The threat of just-in-time scheduling

May 2015
Monday, April 27, 2015
BY AMY MILSHTEIN

Companies can benefit when they use software to meet staffing requirements and address employees' family and life commitments.


Read more...

Green workplace 2.0

Linda Baker
Thursday, May 28, 2015
IMG 2808BY LINDA BAKER | EDITOR

Reinventing capitalism. Office dumpster divers. Handprints versus carbon footprints. These are some of the ideas panelists and attendees discussed during the second annual Oregon Business “Green Your Workplace” seminar yesterday.


Read more...

An uncertain future

Guest Blog
Thursday, May 21, 2015
norristhumbBY JASON NORRIS | GUEST BLOGGER

Uncertainty is a part of doing business, whether in through the lens of investment opportunities and risks or the business of running an enterprise.


Read more...

Sun set

June 2015
Friday, May 22, 2015
BY CHRIS NOBLE

The right sunglasses can protect your eyes and look cool at the same time. This being the 21st century, select shades are socially conscious, too. Portland brand Shwood uses wood and other natural materials and manufactures locally. Founded by Ann Sacks, the brand Fetch dedicates a portion of its profits to animal welfare. But whether you choose classic tortiseshell or aviator chic, please, shed the sunglasses when you walk in the door — and, of course, at night. 


Read more...

Make the Case

May 2015
Monday, April 27, 2015

10 briefcases that mean business.


Read more...

The Good Hacker

May 2015
Friday, April 24, 2015
BY CHRIS HIGGINS

As digital security breaches skyrocket, a cybersleuth everyman takes center stage.


Read more...
Oregon Business magazinetitle-sponsored-links-02
SPONSORED LINKS