Skip to main content

Posts

Showing posts with the label economy

Seattle Is Pushing REI Out. Don't Let Them Leave Washington.

Washington’s 1st Congressional District  After driving Starbucks to Nashville, Mayor Katie Wilson has set her sights on REI. It’s time for the co-op to do what Starbucks should have done  move across the city line, not across the state line. Washington’s 1st Congressional District  |  May 2026 Seattle has a pattern now. A company is born here, grows here, becomes a symbol of the Pacific Northwest  and then the city’s leadership declares war on it. We watched it happen to Starbucks. We may be watching it happen to REI. Just nine days after winning the Seattle mayoral election, Katie Wilson stood on a picket line outside Starbucks and told the crowd.  “I am not buying Starbucks, and you should not either.” That was her first public act as mayor elect. Not a policy announcement. Not a housing plan. A boycott of a company that employs thousands of Seattleites, offers health care, paid vacation and f...

PRESS RELEASE Kincaid Calls on Congress to Act as Oracle Files 3,000+ H-1B Petitions While Cutting American Jobs

For Immediate Release Contact: Kincaid for Congress Website: kincaidforcongress.com Date: April 4, 2026 Press Release Kincaid Calls on Congress to Act as Oracle Files 3,000+ H-1B Petitions While Cutting American Jobs "You cannot lay off American workers and import foreign replacements at the same time. Congress must draw that line." WASHINGTON'S 1ST CONGRESSIONAL DISTRICT — Kincaid, the Democratic candidate for Congress in Washington's 1st Congressional District, is responding to new federal data showing that Oracle Corporation has filed more than 3,000 H-1B visa petitions for foreign workers while simultaneously laying off thousands of American employees  including approximately 500 workers in the Seattle area. "This is exactly what we warned about with Microsoft, and now it is happening again with Oracle. American workers are being shown the door while corporations file thousands of petitions to bring in foreign replacemen...

Kincaid’s statement on Microsoft job cuts

A Few Words on the Recent Microsoft Job Cuts Back in the old days, if you spoke out against a major employer, people would warn you: "Be careful  this is a company town." Well, Washington State today is essentially a company state. Taking on Microsoft directly would be political suicide for most. Let me be clear: I am not attacking Microsoft, and I am not looking to start a fight with them. But I do think some of their decisions deserve a closer look. Stock Buybacks vs. Real Investment Over the past ten years, Microsoft has spent roughly $170 billion on stock buybacks. That practice is not unusual among large corporations, but it raises a fair question. Instead of artificially inflating its own share price, could some of that money have been put to better use . Invested in people, in innovation, and in the communities that made Microsoft what it is today? Re-examining the H-1B Visa Program We should also take a hard look at the H-1B visa program. Companies claim...