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How D.C. Escaped the Economic Slowdown

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Description
FBN’s Stuart Varney on the factors leading to Washington, D.C.’s, prosperous economy.
Duration 1:32
Date Aug 6, 2012

This transcript is automatically generated

When the president his -- government all the time the people who work for about government do well and so does the city when many of them live.

So here's my take on the Washington DC and on island of prosperity.

Consider this the jobless rate that five point 7%.

-- -- 10% in all the big cities home prices that they've gone up.

10% since 2009.

Ginnie I -- I -- true everywhere.

The three wealthiest counties in the entire country on DC some books hey.

You have to go to North Dakota defiance of prosperity.

What's going on.

Well festival Washington -- more stimulus money than any other city that was keynesian economics on steroids wasn't.

Second all those lobbyists swarming over the obamacare legislation and still swarming around the giant Dodd-Frank financial reform act.

They -- -- they hand out a lot -- most -- status.

It works if one regret it if one relatively small city sucks money from very from a very launch nation.

It would be -- to be ruinous to a -- if we try to stimulate the entire country the way we showered money on DC.

And that's what we are right now is -- we the people on not doing very well we have not return to prosperity.

But the people who government is the people who take money office I -- take even law that doing just fine.

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