SEATTLE NEWS ARCHIVES & FEATURES

Dori: Amazon pause is the beginning of the end for Seattle’s economy

May 2, 2018, 2:26 PM

Amazon, bezos, SNAP...

(AP Photo/Rich Pedroncelli)

(AP Photo/Rich Pedroncelli)

News broke today that Amazon is putting a pause on the 8,000 new jobs and on a million square feet of new office space it had been planning on, pending a decision by the Seattle City Council on its proposed head tax on business — the tax that will affect Amazon far more than any other business.

RELATED: Forbes writer says Seattle’s head tax won’t fix anything

Amazon is a business that has been built on efficiency. I owned a bookstore back in the ’90s and saw what was coming — my little bookstore couldn’t survive once Amazon came to be and once the book industry changed. I evolved and we moved on from that.

Now it is absolutely incontrovertible that Amazon is the biggest driver of our regional economy. I have believed from the very first second that they announced they were building another headquarters, that that was going to be the beginning of a pullout of Seattle by Amazon. They are too efficient of a company to have two equal but separate headquarters. That’s just not the way the most efficient company imaginable would operate.

I’ve thought all along that that was the first official step toward an eventual pullout because of the absolute lunacy of our city council’s policies. I don’t think they want to operate in a city where there are heroin addicts shooting up on the street outside their headquarters; where there are tents and tarps and cardboard boxes littering every open square inch of the city; where tourists have all of their belongings stolen out of a car parked in front of high-class hotels in the middle of the day.

If Amazon were to pull out, it would have an even more disastrous effect on our economy than the Boeing bust in the early 1970s, because the real estate prices of this entire region are dependent on Amazon’s presence — on all the six-figure workers who drove up the prices. You would have tens of thousands of people holding mortgages for $800,000 who are all of a sudden upside-down. We would see a real estate market crash. We would see a commercial real estate collapse. We would see our entire economy collapse worse than any city in our nation’s history — worse than Detroit when the auto industry crashed.

Brier Dudley, author of today’s Seattle Times op-ed piece on the Amazon suspension, told me that this news is “pretty scary if it has a ripple effect.”

“If the development economy gets spooked by Amazon pausing, who knows what could happen around here?” he said.

Why is this happening? Because we have insane politicians who have put in all of this wack-job, leftist stuff, and now there are businesses that are teetering on the brink in a booming economy. When this economy starts to go south, you are going to see a regional collapse of business.

“It’s scary, people should be concerned … each of those jobs creates other jobs, and each of these buildings that they’re working on creates all kinds of jobs,” Dudley said.

There is only one way to stave this off. If you live in Seattle, you must get rid of Kshama Sawant, Mike O’Brien, Debora Juarez, Bruce Harrell, Sally Bagshaw — the entire city council. You have to get rid of all of the nut-jobs. What do you think Jeff Bezos thinks when he hears Kshama Sawant screaming about his company, the company that has created so many jobs in this city?

Other cities are saying, “We’re going to learn from Seattle’s mistakes.” Why is that? Because in Seattle you have lying con artists on the Seattle City Council. We’re all affected by the loons that Seattle puts in office. And if you keep them in power, you are going to see a city collapse unlike any collapse in our nation’s history.

cancer care tacoma...

Regan Gallo-Fenz

Effort underway for $50M cancer care center in Tacoma

A land use permit is pending for the City of Tacoma, bringing an estimated $50 million cancer center to the South Sound.

4 minutes ago

FILE - In this May 1, 2019, file photo a man walks past a Google sign outside with a span of the Ba...

Associated Press

Beijing blasts US sanctions on 5 Chinese firms tied to ex-Google engineer

WASHINGTON (AP) — Beijing on Tuesday expressed “firm opposition” to the Trump administration’s sanctions on five Chinese companies connected to a former Google engineer accused of intellectual property theft. The move “severely harms the legitimate rights and interests” of Chinese businesses, the country’s commerce ministry said in a statement. “The nature of this act is […]

8 minutes ago

Associated Press

Kyle Francis Kennedy, the granddaughter of Sen. Robert F. Kennedy, dies at 42

BOSTON (AP) — Kyle Francis Kennedy, the granddaughter of assassinated presidential candidate Robert F. Kennedy and his wife Ethel Kennedy, has died. She was 42. An advocate for education reform and disability rights, Kennedy lived most of her life in Massachusetts. She died on Sept. 21, according to the town clerk in Westwood, Massachusetts, where […]

25 minutes ago

FILE - Police and other first responders work the scene where officials say dozens of people have b...

Associated Press

Guatemalan man sentenced to 30 years for smuggling tragedy that killed 53 people in Texas

A federal judge on Tuesday sentenced a Guatemalan man extradited to the U.S. over his role in a 2022 human smuggling attempt that ended in the deaths of 53 migrants who had been transported in a sweltering tractor-trailer in Texas. U.S. and Guatemalan prosecutors called Rigoberto Román Miranda-Orozco’s sentencing another step toward justice in one […]

43 minutes ago

Pioneer Square Cocktail Bar...

Michael Strite

New cocktail bar Bar Tartare coming soon to Seattle’s Pioneer Square

A new cocktail bar is moving into Seattle's Pioneer Square neighborhood. Bar Tartare is setting up shop at 704 1st Avenue.

60 minutes ago

A SpaceX Falcon 9 rocket with a crew of four launches from pad 40 at the Cape Canaveral Space Force...

Associated Press

SpaceX turns a profit after a string of losses as its satellite and computer leasing businesses soar

NEW YORK (AP) — SpaceX reported a bigger quarterly profit than expected Tuesday as its satellite communications operations and its business of leasing computing power to other companies boomed. The company, run by Elon Musk, posted net income in the three months through September of $4.4 billion, or 35 cents per share. That’s more than […]

1 hour ago

Dori: Amazon pause is the beginning of the end for Seattle’s economy