DC Real Estate Agents and Real Housewifes Love Obama

Throughout the recession, one major city stood out as an oasis for jobs and growth: Washington, D.C.

Supported by a gusher of federal borrowing and spending, the District of Columbia was the nation’s only metropolitan area that never stopped growing. It stood as a beacon for the nation’s millions of job hunters, from recent college graduates seeking careers in civil service to well-heeled lawyers cashing in on a bonanza of work stemming from health care and financial reform.

Being the center of government, Washington is used to being insulated from national economic trends. But the disconnect became particularly pronounced during the Great Recession — thanks to the federal government’s own expansionary response.

A $700 billion bank bailout and $814 billion economic stimulus bill helped push the federal deficit to unprecedented levels of more than $1.3 trillion in the past two years, and a disproportionate share of that tidal wave of money washed up right back in Washington.

But the spectacle of Washington’s free spending while virtually every other region has had to cut back — increasing prosperity in the capital in the midst of the worst recession since the Great Depression — has engendered public resentment and a pronounced anti-Washington sentiment that is now playing out in the midterm election cycle.

DC real estate agents and Real Housewifes love Obama……..

 

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