America is struggling with a sputtering economy and high unemployment — but times are booming for Washington’s governing class.
The massive expansion of government under President Barack Obama has basically guaranteed a robust job market for policy professionals, regulators and contractors for years to come. The housing market, boosted by the large number of high-income earners in the area, many working in politics and government, is easily outpacing the markets in most of the country. And there are few signs of economic distress in hotels, restaurants or stores in the D.C. metro area.
As a result, there is a yawning gap between the American people and D.C.’s powerful when it comes to their economic reality — and their economic perceptions.
Full Story: Reality gap: America struggles, D.C. booms – Jim VandeHei and Zachary Abrahamson – POLITICO.com
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