Cartoonist Bob Gorrell puts into pictures what I saw/heard firsthand during my week in Washington D.C.
There is an economic counter-cyclicality happening from Northwest DC to the southern suburbs of Alexandria, VA that resembles an old school boomtown. It’s as though some lucky rancher struck gold or oil inside the beltway and everyone’s suddenly cashing in against a backdrop of building cranes and a thousand Toll Brothers McMansions sprouting from ground. This type of boom-in-a-time-of-bust can only be explained as the unintended (or perhaps intended) consequence of the Federal spending freight train and the effervescent bull market in law-writing and lobbying.
Must be nice.