Strengthening Constitutional Self-Government

No Left Turns

Why Washington Never Suffers a Recession

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.

Discussions - 3 Comments

"Never let a serious crisis go to waste." Heard the same thing from Halliburton, I think. Get back to us when the commercial real estate elements you describe have earned even one-fiftieth of what the war-profiteers have earned. What you mention earns one-fiftieth of my outrage until then.

You want to talk about the use of crisis to secure power? See anything written by Marx, Neil Smith's Uneven Development or Naomi Klein's Shock Doctrine.

ren's right. This particular "'sell' signal" doesn't even compare . . .

The world we live in is an illusion created by a shadow government to keep us in line and make us beg to be slaves. People who tried to express their anger got press russia.

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