Friday Flashback: Christine Gregoire’s 2008 Advice – “Our economy is strong. Buy your home.”

Back in January 2008, nearly two years after the housing bust began, and six months after home prices peaked in the Seattle area, Washington State Governor Christine Gregoire was hitting the campaign trail with a reelection message powered by complete denial: Addressing the politically powerful Washington Realtors, the Democratic governor said she sometimes wishes people […]

Washington State Budget Woes: Where’s the Beef?

This is fairly off-topic (although we have covered this subject occasionally in the past), but with all the teeth-gnashing I’ve been reading about lately regarding the latest round of supposedly major cuts required to keep state spending in line with revenues, I thought it might be interesting to look at a couple of charts on […]

Olympia on the Economy: Liars, Fools, or Malefactors?

[Note: This is an opinion piece on a political matter. If that sort of thing offends you, it is recommended that you skip this post.] Christine Gregoire, January 2008: “The only thing we have to fear is fear itself,” Gregoire said, quoting former President Franklin Roosevelt and referring to national recession fears. “It is a […]

Gregoire Ignored Budget Warnings, Now Faces the Consequences

I usually try to avoid getting into political issues on here, but something has come up that I simply cannot ignore. A few days ago the Seattle P-I posted videos from Christine Gregoire and Dino Rossi where each candidate makes the case on why you should vote for them. As I was watching Christine Gregoire’s […]

Washington State’s Economy: Gregoire vs. Gregoire

February, 2008: Gov. Chris Gregoire, at a Seattle economic forum Thursday, boasted she has found that Washington is “literally the envy of other states.” “I ask all of us to make sure that we do not buy into, or even for that matter, listen to, the dire talk internationally and nationally, because it can become […]

Foreclosures, FHA, Commercial, & Countrywide

Here are a few recent stories that have been covered elsewhere and are worth at least mentioning here. Latest foreclosure statistics: Seattle P-I, Foreclosures in Seattle higher, but much lower than nation’s The Seattle area had about twice as many foreclosures in May as it did a year earlier but continued to have a far […]

State Economy Continues to Slow

According to the latest data, it looks like the state economy is slowly catching up to the unwinding national economy. More than 3,000 jobs were lost in Washington last month, pushing the unemployment rate to 4.9 percent, up from a near record low of 4.5 percent in February, the Employment Security Department said Tuesday. The […]