Monday, August 15, 2011

Washington D.C.: There's a Recession?

There is one region in the United States where people believe the country is not in a recession and doing well. Where could that possibly be? You guessed it, Washington D.C.

( - Only in Washington, D.C.—home of a federal government that has dramatically increased its spending as a share of the U.S. economy over the last three years—did a majority of the people say they believe the economy was getting better not worse in the first half of this year, according to a survey released today by Gallup.

In not one state did more than 41 percent of those surveyed tell Gallup they believed the economy was getting better.

While everyone else watched the value of their homes take a nose dive; the bureaucrats, lobbyist, and all around D.C. critters watched theirs increase:

Seasonally adjusted, the price of homes for sale in Washington, D.C. was up 2.4 percent after values grew 1.5 percent from March to April. Compared to the same time last year, prices in Washington, D.C. were up 1.3 percent.

Is it any wonder that college students aspire to work for the federal government? It’s the only recession proof profession in the country.

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