Two American Stories: DC Depression, American Revival
It's the best and the worst.
Many people in Washington, DC have experienced Donald Trump's return to the White House. A tragic turbulenceeven a “Blood Bus” By some.
That's not what it looks like across the country. Gallup Economic confidence index It's been higher since August 2021. Americans say share The country is on the right track It rose 10 points to 35%, and the highest stocks are expected to have a higher economic growth (53%) since 2005.
61% of Americans think Stock markets are rising The best Gallup survey going back to the turn of the century for the next six months. Stocks expecting inflation to rise are at their lowest since 2003, but stocks expecting low interest rates are at their highest since the 2001 September 11 attack.
Still in the capital of the country, A miserable reign. This is Peggy Noonan explained Feeling after a recent trip inside the Beltway:
Republican lawmakers, including those who support the president most, are unsettling. When you talk to them – records, among friendly acquaintances – ask how it goes, they shift, look, shrugg: You know how it goes. The GOP Senators supporting the president had a sunny look. “He doesn't do anything to make it easier,” he shrugged.
What does avoided eyes and uneasy face mean? Trump 2.0 means it's not good. It means that for all the stories of new professionalism in Operation Trump, they must once again get used to the chaos and get on board with it, seducing the gods of order and stability. A week later they concluded that the first administration was not a nervous breakdown and that the second administration was not a recovery. Instead, once again they are on a boat with the captain in an extended man stage, never settling down with soothing depression.
Americans are losing their jobs – if they work for the federal government
One reason for the divergence is that they were below average for the past two years last week while unemployed claims have fallen across the US –They are rising in Washington, DC. In fact, they were four times higher than last week.
Looking around the capital, we see the first unemployed claims have risen since election day. The claim is He is sharp in Virginia and Maryland.
According to Washington Post Heather Long, Approximately 275,000 federal workers have lost their jobs last week. However, their work doesn't finish quickly, so many people won't show up in the billing numbers for a while. For example, the acquisition continues to pay workers for several months.
As long as there is a greater economic impact from these reductions in the federal workforce, this Developmental effects. Those who find jobs in the private sector will be added to the supply side of the economy. Those who cannot find beneficial employment will be deducted from the demand side.
It could also reduce some of the workforce tensions and provide relief to employers who say they are struggling to find skilled workers. But it depends on the idea that redundant federal workers have the skills needed for the private sector. I'm going back from day and ESG programs. Many of these federal employees may feel that they need to be retrained before they can find a job.
