The ObamaCare Real Estate Boom (First Trillion Dollar Fed Agency is Looking for new Office Space)

American Thinker ^ | 02/18/2011 | Peter Wilson

[SeekAndFind]

Investor's Business Daily reports that due to ObamaCare, Health and Human Services is on track to become "the first $1 trillion federal agency." This expansion of government leads to new hiring (e.g., 650 new employees to work in the Medicare/Medicaid Center for Consumer Information and Insurance Oversight), and these new federal employees need desks and cubicles. Thus it's not surprising to read in the Montgomery County Gazette:

The federal government proved the savior for commercial real estate in the Maryland suburbs of Washington, D.C., last year and 2011 is shaping up the same way. That was the good news at a conference Wednesday on General Services Administration leasing...The GSA [is looking] for about 1.5 million square feet just for Health and Human Services agencies.

For comparison, the tallest building in Boston, the 60-story John Hancock tower, has 1.7 million square feet of office space. It's no wonder that Montgomery County and the other suburbs that ring the Leviathan of federal government are the wealthiest in the country.

[bronxville]

This is very depressing. I thought we were going to plug the money hole.

[Noamie]

I think that I just threw up a little.

I can hear them now, “All offices will need doors and windows for positive mental health - none of those cubicles like private workers have - and we’ll need to figure out where the masseurs will go...”

[subterfuge]

I, for one, welcome our new overlords.

[autumnraine]

Don’t expect anyone in the media to connect this... but wasn’t Obama on TV just a couple of days ago spouting about how they are going to SELL UNNEEDED OFFICE SPACE AND BUILDINGS?

[SeekAndFind]

RE: I, for one, welcome our new overlords.

You must be either : 1) In the real estate business; or 2) A landlord :)

[traditional1]

There is NO WAY a bankrupt Nation should have hired 200,000 NEW Federal Employees in the past two years....NONE.

ALL hires from Jan. 1, 2009, should be TERMINATED IMMEDIATELY.

[longtermmemmory]

Judge vinson’s unconstitutionality finding might end this white elephant buy.

[texson66]

"I, for one, welcome our new insect overlords."