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I'm not anti-business

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Ben Jacklet
Wednesday, July 15, 2009
My first day back from a vacation week at the wind-swept Oregon coast, and I get a brutal tongue-lashing from the spokeswoman for Evraz Inc. North America.

It turns out she didn’t like my timeline detailing the dramatic transformation of Oregon Steel, from an industrial powerhouse employing thousands to a minor cog within a debt-ridden Russian empire. For starters she questioned me on my facts, which came from public records, news stories and company press releases. Then the conversation quckly turned, as such discussions often do, to motives. Before long she had suggested that I was anti-business for writing the piece.

I’m not anti-business. I’m anti-job loss. As anyone who has followed this blog knows, I give credit where it is due. But when a Russian oligarch who really likes big yachts buys a major Oregon employer and a few years later a vital player in the Portland Harbor is hanging on for dear life, I feel compelled to point out a few facts. It’s up to the reader to decide whether or not the facts are relevant.

It is an unfortunate truth that most of the major local mergers and acquisitions of the past decade have enriched a handful of top executives and Portland dealmakers at the expense of the Oregon economy. Consider not just Oregon Steel, but Willamette Industries, Tektronix, G.I. Joe’s and Freightliner. Thousands of jobs have been lost since these once-mighty businesses gave up local control.

That’s one reason why Oregon leads the nation in true unemployment. As David Leonhardt reported in yesterday’s New York Times, Oregon’s rate soars to 23.5% once you factor in people who have given up on looking for work and others who settle for part time jobs but want to work full time. That's worse than Michigan's rate.

23.5%. That is a grim, Depression-era-type figure. Cutting it in half will take ingenuity, guts and serious work. Any business that creates jobs in this economy deserves full credit, and they will get it from me in this column.

I’m not anti-business. I’m anti-collapse.

 

Comments   

 
thinking forward
0 #1 thinking forward 2009-07-16 08:44:18
Horray!! Finally someone in Oregon that GETS IT.
Let the truth come out! 23.5 unemployment and our Governmemt wants to increase taxes and pump itself up. When will we ever learn you cant get out of debt by growing Government.
We need to give incentives to businesses that add employees!! Help business not tax them to death.
Keep the truth coming you are a beacon in a dark place.
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Kelly C
0 #2 ABOUT TIMEKelly C 2009-07-16 09:49:11
Well, it is about damn time someone finally admitted that there is a true problem with the oregon economy and our reporting of the unemployment rate. I knew it was around 20% but I had no idea it was 1/4 of the workforce was out of work in oregon. Thank you for reporting what I would view as the truth or as close to it as possibly allowed by mainstream media (which I despise)
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Ben J
0 #3 Why so high?Ben J 2009-07-16 14:17:34
I wonder why Oregon's true unemployment rate is higher than Michigan's. Is it because, unlike Michigan, people keep migrating here without jobs? Are people more laid back about work here, more willing to settle for part-time gigs and maybe a little something off the books?

Or is it the grim truth that Oregon's economy has been poorly managed and is in terrible shape as a result?
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