Jeff Goldsmith on Washington: The New Bubble Economy

This Politico article really sums it up:  a majority of Washington policy types think the country is headed in the right direction compared to only 27% of the people who are paying for all of it! http://www.politico.com/news/stories/0710/39851.html

No wonder:  it’s the only part of the economy besides health care that’s growing!  The Washington metro areas has a 6% unemployment rate, new regulations expanding government’s role, billions of dollars for consultants and contractors.  Fairfax County Virginia, the DC suburb, gets $20 billion in spillover from federal procurement.

And of course, almost half of it is going on the Chinese credit card.  We ran a federal budget deficit of $250 billion in MARCH alone.   My daughter is spending this summer in Taiwan learning Mandarin Chinese.  Smart girl:  she’s learning the language of the new owners.

Is it November yet?