Washington D.C. Economy is on Fire!

Politico just filed a  report about the booming economy in Washington, D.C. where confidence is high after the “massive expansion of government under President Barack Obama”.

Politico surveyed 227 “Washington elites”—meaning DC residents who make at least $75,000 a year, and work in politics in some form—and found a group much more optimistic than the rest of the country. More of the elites said the country was on the right track (49%) than on the wrong one (45%); in a national poll, 61% went with “wrong track.” The elites also like President Obama a lot more, and Sarah Palin a lot less, than the rest of the country does, and they view the economy in a slightly rosier light. Different issues were important to the two samples as well. Only 36% of the elite see immigration as a “very important” issue, for example, compared to 53% of the public. For “family values,” the break was even more stark—23% to 62%.

I don’t quite agree with all the data, but hey, it is from Politico. I guess they have earn some level of reputation in the country. So it certainly worth paying attention:Vodpod videos no longer available.

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About Elias Shams
I have been a serial entrepreneur in telecom and social media space for past 12 years or so. I hold a M.S. degree in Telecommunication Engineering from the George Washington University and a B.S. degree in Electrical Engineering from the University of Maryland. I’ve lived and worked in many countries and cities including London England, Tehran Iran, Bonn Germany, Paris France, Alicante Spain, Delhi India, and my favorite of all Washington, DC of great US of A. Two of the greatest Washington, DC based companies I worked for and very proud of are Yurie Systems which was sold to Lucent in 1998 for $1.23 B and telezoo.com that I founded in 1999. I am currently the founder and awesomizer @ awesomize.me

9 Responses to Washington D.C. Economy is on Fire!

  1. Is this supposed to be a good thing?

  2. Once again the Looney Tune media has gone over the deep end. I have lived and raised my family here all my life and I can say that this is the first recession that this area has suffered thru in my lifetime of 62 years.
    We have double the unemployment rate we normally have. It would be nice if people would realize that most of our metro population lives outside the borders of D.C. If you do not think that we have been hurt in the private sector, just go out to the Maryland and VA. suburbs and see all the” For lease” signs in Fairfax, Montgomery, Prince Georges and Frederick Counties on commercial properties. The housing market has slowed in most areas of Washington. Home Inventories are rising. In montgomery County alone the inventory has gone from 3400 units to over 5000 units just in 2.5 months. Yes things are on fire alright , in someones fantasy land called D.C.

  3. Elias Shams says:

    The Report is from Politico. We just posted what they say

  4. Omar Malick says:

    massive expansion started under Bush – 1391 agencies/orgs to keep us safe from terrorists whith 854,000 secret clearances issued. Read the washingtonpost from yeserday.

  5. Ramin Arvand says:

    These days when in the best suburbs around DC ( McLean, Great Falls, …) you can buy houses %25-30 under county assessments, I would say booming my personalty …… Haven’t you noticed all empty commercial properties around? I think, the article is a few years late/old…..

  6. Robert Valero says:

    While the DC economy is probably doing better than elsewhere, I think it is a major stretch to say that the economy here is on fire. I know first-hand that companies are still reluctant to hire. There seems to be a good amount of “fishing” going on, but as for filling positions, not so much.

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