Quote:
Originally Posted by Eightball
Good comment Cirrus, but you forgot - DC loves to pat itself on the back for all the growth but much of it is because the federal government is based there. People can claim and stutter otherwise but numerous corporations have moved to the area to be close to the federal government. Not too mention all the direct federal jobs and endless contractors etc who suck on the government teat - as well as the insane and always growing defense industry. And yet, despite all of this incredible financial stimulus, African American incomes in the city are actually stagnant or decreasing while shooting thru the roof for whites and Asians. SMDH
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That's a good point.
Normal economic fundamentals simply don't apply to the DC area for that reason. It wasn't even really affected by the Great Recession.