Read about it in this Bloomberg.com article. Steve Sailer has always criticized Obama for pushing for luxury policies during a recession, such as wind power. But we see that even mainstream conservative businessmen may still believe that we have all sorts of money that we actually don't. While bringing a major league soccer team to Portland would delight the local SWPL dopes, the economic forecast there doesn't look hot enough to splurge on such a luxury.
Indeed, after the heavily black states of Michigan and South Carolina, Oregon has the highest unemployment rate -- no surprise for the state that boasts the highest per capita rate of semiotics majors. All of that educational malinvestment in phony arts degrees during the booming 1990s and 2000s is finally coming around to bite them in the ass.