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Tuesday, March 20, 2018

DC economy slows, America's speeds

The Washington Post published 17 words that brightened my day:
The D.C. area’s employment base grew by 1.3 percent for the year, compared with 1.7 percent nationally.
Hahaha.



After a couple of decades of growing while the rest of the nation suffered up to 10 percent unemployment, the federal government is feeling the burn.

"The region added 43,800 jobs during the one-year period that ended in January, reflecting a continuation of the stagnant local job growth that seemed to define the previous year. The total was a far cry from 2016, a boom year for the D.C. economy, when the metropolitan area consistently added more than 60,000 jobs a month," the Washington Post reported.

Regime changes used to boost the economy in D.C. as the new president brought in people from the hinterlands to run the government, and the people in the old regime became lobbyists.

Washington, D.C., is where politicians check in, but they never check out.

The attraction is power. As Henry Kissinger said, "Power is the ultimate aphrodisiac."

Donald Trump is reducing Washington's power. He has not hired as many people as past presidents have since the days of Calvin Coolidge.Repeal of regulations takes all the fun out of being in D.C.

The rest of the nation rises as the teeter-totter of politics rights itself.

"Employment drawdowns at federal agencies such as the State Department and the Environmental Protection Agency also took the fuel out of one of the region’s most important economic engines, shaving 6,600 jobs over the past year of the regional total for the year. The District proper, with its higher proportion of federal government employees, was hit the hardest by that drawdown," the Post reported.

Middle America has suffered "employment drawdowns" for two generations, thanks in part to employment buildups in D.C.

"The businesses that are hiring quickly were mainly hospitality establishments such as bars, restaurants and hotels, where employment jumped by 13,000 jobs for the region as a whole. Such positions tend to pay less than contracting jobs, leading some to worry about whether they can replace the federal and technology careers that have traditionally dominated the local economy," the Post reported.

When Dollar General is the only one hiring, then Washington can look Nitro, West Virginia, in the eye.

11 comments:

  1. I wondered for a while about why I was reading about the Queen Mother.
    Nice History Lesson.
    Thank You

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  2. Couldn't happen to a "nicer" city. Come on, DC, you laggards. Hahaha!

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  3. The fact that D.C. is still adding jobs, even at a rate slower than the national norm, is bad news. The cancer that is D.C. is still metastasizing, just less quickly. Still, the news could be much worse.

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  4. I can’t wait for the weeping and wailing and gnashing of teeth next tax season when the swamp rats who have infested the lovely areas of Northern Virginia and built $500000+ mcswamp rat mansions on tiny little lots can’t deduct all their mortgage interest among other things.

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  5. I was watching THe Hunger Games with my daughter over the weekend, and I just sit there amazed that the democrats and swamp denizens just don't see the irony. It's like how Orwell is completely lost on them.

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  6. True. America is adding jobs *because* DC is losing them.

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  7. I still wish that President Trump would consider decentralizing government offices, such as moving the FBI Headquarters to somewhere else - say Idaho.

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    Replies
    1. Minot, North Dakota.

      -Mikey NTH

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    2. Why not Minot? Me likey, Mikey!

      Delete