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DC Has Highest Confidence About US Economy

From the Daily Caller:

Poll: D.C. residents clueless about state of U.S. economy

By Anne Hobson | March 28, 2013

Among the 50 largest metropolitan areas in 2012, the Washington, D.C. metro area had the highest economic confidence index score for the second year in a row. The D.C. metro area reported an index score of 5 in 2012, up from -20 in 2011, according to Gallup.

The people in Washington were not "clueless about the economy," at least as far as they were personally concerned. — The denizens of DC knew Obama and the Democrats would find a way to keep growing the government no matter what.

As Gallup notes (below), they knew their jobs were secure. Just as they know even now their jobs are secure, despite all of their supposed fears about the sequester and furloughs.

In 2012, the San Francisco and San Jose metro areas also had positive scores of 2 and 1 respectively. The highest possible score on the index is 100, and the lowest is -100. No area had positive scores in 2011.

Economic confidence is based on combined responses to two questions. The first asks the participant to rate economic conditions in this country today. The second question asks whether participants think that economic conditions in the country are improving or worsening.

Statisticians conducted tracking interviews with 82,000 demographically representative respondents in the 50 most populous U.S. Metropolitan Statistical Areas.

Gallup suggests that economic confidence in the D.C. metro area may be attributed to the stability of federal government jobs…

And that is putting it mildly.

Positive scores in San Jose and San Francisco might be due to their proximity to the booming technology industry in Silicon valley.

Jacksonville, Florida and Riverside, California ranked at the very bottom with scores of -28 and -27 respectively. These areas also suffer from low job creation, which may be a contributing factor.

The average economic confidence score nationwide is -21, up from -37 in 2011, suggesting that Americans are still pessimistic about the health of the economy.

Gallup began tracing economic confidence in 2008, and since then, the economic confidence index has remained in the negative numbers. However, Gallup reports that economic confidence matched a five-year monthly high in January and February of 2013, foreshadowing improvement in the nationwide score this year.

Because nothing boosts an economy like a massive tax increase.

This article was posted by Steve on Friday, March 29th, 2013. Comments are currently closed.

3 Responses to “DC Has Highest Confidence About US Economy”

  1. Rusty Shackleford says:

    “Livin’ in the bleachers” is what we used to call it.

    Life always looks good when you’re sucking down a chili dog and even if your team is losing, everything is just peachy-keen in your world. The paradigm being like watching a disaster movie. It’s not real, can’t be. All that economic turmoil isn’t affecting me so it’s got to be made up.

    Similar to the German citizenry watching from afar as Jews were herded into rail cars. The truth was self-evident but still they denied it. “Sure, times are tough and we’re getting less to eat but the government is taking them to a better place….for their own protection of course.”

    So, while they live the life of Reilly in DC, perhaps the whole ruse is geared to just be a huge put-on so that waiters and clerks can “honestly” say that life doesn’t seem so bad. Salaries for DC employees are at ridiculous levels, even for Wal-Mart workers.

    All roads lead to Rome? Or, get yours while the gettin’s good?

  2. Liberals Demise says:

    Washington DC
    The place where the phrase, “An honest days work” is poo-pooed.

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