A day or two ago incoming WH COS Rahm Emanuel told a group of executives that we should "never let a serious crisis go to waste," which reminded me of a headline in the Washington Post from earlier in the week. While commercial real estate values and occupancy rates are plummeting nationwide, the Post headline said: "Bailout Raises Demand for Square Feet in DC."
Text: "Between 2 million and 4 million square feet of office space could be gobbled up over the next three years as new regulatory agencies take shape and as lobby shops, accounting firms, consultants and asset managers position themselves to take advantage of government intervention efforts."
This sounds like a "sell" signal for the American economy if I ever heard one. But nice that Washington will prosper.