More proof that the only good thing about this economy can be seen from those who suckle from the publicly funded trough. 

At least there’s one place in America that’s wearing like Teflon through the recession: Washington, D.C. Most corners of the economy may be struggling, but in the nation’s capital it’s boom times, baby.

According to new data, the area’s unemployment rate dropped to 5.6% in April from 5.9% in March. This is the second consecutive month of improvement for Washingtonians, and it’s leagues from the national unemployment rate, which hit 9.4% in May.

With unemployment for all government workers about half the private sector’s rate, the Beltway has been spared the tightening elsewhere. The federal government is the second largest job sector in the area, making up 11.6% of jobs, while state and local government workers add another 10.4%. According to a February survey by the Greater Washington Initiative, Washington area business executives were also “significantly more positive” about their own companies and the region’s prospects than about the national economy. Translation: It’s good to be close to Uncle Sam when stimulus funds start flying.

In a speech to GWI’s conference last week, former venture capitalist and now Democratic Senator Mark Warner of Virginia saw nothing but green for most of Washington’s public-private economy. “The federal government’s level of activity in the economy is unprecedented,” he said, adding that new stimulus projects and investments in green technology in particular look like a jackpot for the region. As Mr. Warner put it to the Washington Business Journal, “It helps to be where the money is.” Or better yet, where everyone else’s money gets sent.

This is something that needs to be spread wide and loud. Americans need to understand what this really means: IE: That while they are losing jobs, having their family and business finances erased, and hoping tomorrow isn’t much more worse then today- that Government and those who are in bed with it, are doing just fine. 

For all the outrage and rhetoric for the Bush years of no bid contracts and cronyism, the level of this parasitic economic activity is unprecedented. 

Remember the Mission Accomplished banner? Well…… one has to ask if this was all part of Obama’s plan. Well, not me, I already know it was. I just hope that the conservative leaders in America realize this is the Achilles heal for Obama. Unless you work for or on the take from Government, you’re losing out. Why do you think the guy is trying to take over major components of our economy? 

Do ya think, that just maybe, he knows he can just dump cash into that sector to prop up the “numbers”? How convenient. 

Meanwhile, American families and businesses will be paying for this massive Government expansion and spending binge for decades.

This entry was posted on Wednesday, June 10th, 2009 at 8:53 am and is filed under Damn the Deficits Full Speed Ahead, It's The Spending Stupid, Know Thy Enemy, Lunacrats, National, National Obamanism, Pitch Fork Mad!!!, Politics, Redistributor In Chief. You can follow any responses to this entry through the RSS 2.0 feed. Both comments and pings are currently closed.