Posted on 01/11/2009 5:02:19 PM PST by Vision Thing
When the nation's in pain, Washington often gains.
Whether it's a buildup of Civil War troops, Depression-era bureaucrats or defense contractors after Sept. 11, the region has prospered in times of crisis. Today, the financial meltdown is delivering a jolt of its own.
Lawyers, lobbyists and public relations experts -- many of whom live and work in Virginia and Maryland suburbs -- are benefiting as companies from Wall Street to Motor City seek a piece of Washington's $700 billion financial bailout, and try to influence any regulatory strings attached. Business is also percolating as President-elect Barack Obama prepares an economic stimulus package comprised of infrastructure spending and tax breaks that could exceed $800 billion.
(Excerpt) Read more at biz.yahoo.com ...
Certain groups will benefit and certain groups will lose.
The winners should include both residential and commercial real estate, as more of America’s money and talent gets diverted into the region.
In a currupt banana republic, all the business’s have their head office in the capital. That is where they receive benefits from the govt and give bribes in return.
“Lawyers, lobbyists and public relations experts — many of whom live and work in Virginia and Maryland suburbs — are benefiting”
Vultures-picking over the carrion.
Kinda like Moscow during the height of the USSR. Looks like DC will be trending that way during the upcoming administration.
All those paper-pushers who create no value will prosper, while the producers and those with capital will be running for the tall grass.
Anyone here who has not read P.J. O’Rourke’s “Parliament of Whores” should do so immediately. It will give you profound insight into the doings in DC. Plus it’s funny as all get out.
I can tell you that the real estate market around here is not impervious to regular market forces.
I can tell you that the real estate market around here is not impervious to regular market forces.
Given wussybama’s preference to grow the federal government, DC’s commercial real estate will recover before any other market. Also, I was in DC on Friday. One of the things I noticed while looking at the DC skyline from Reagan National was all the construction cranes around the Capitol building.
Wow. I haven’t heard from O’Rourke in years. Never read Parliament of Whores, I may have to pick up a copy.
Just like a parasite...
Maryland “Freak State” PING!
“Fixing US economy’s health is a boon for DC region”
THE #1 reason Maryland is stuck being a “liberal” (communist) state. All those do-gooder commies move here to do the damage in and to DC (without living in it).
LoL!
Yes, your observation was correct. However, many of those building projects have been in the works for years and upon closer inspection, those new buildings do not have tenants.
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