The Lew Rockwell Blog
February 21, 2009
There is one place in the United States that is not hurt by the depression: The Parasite City formerly known as Washington, D.C. Yes, it is the place where real estate agents still are making the big bucks, the cafes are filled, and there are jobs, jobs, jobs.
Keep in mind that the jobs being "created" in The Parasite City are jobs in which those who have them will be adding to the burdens being carried by the productive people:
As the nation’s most populous metro area feels Wall Street’s pain, the fourth-largest — Washington — is barely sensing the recession. In fact, Moody’s Economy.com estimates that metro Washington’s economy will actually grow 2.5% from mid-2008 through mid-2010. New York’s economy is expected to shrink 4.2%.
I think that pretty much says it all.
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