The Ruling Class, Their Heels, and Our Throats
America is struggling with a sputtering economy and high unemployment -- but times are booming for Washington’s governing class.
The massive expansion of government under President Barack Obama has basically guaranteed a robust job market for policy professionals, regulators and contractors for years to come. The housing market, boosted by the large number of high-income earners in the area, many working in politics and government, is easily outpacing the markets in most of the country. [...]
As a result, there is a yawning gap between the American people and D.C.’s powerful when it comes to their economic reality -- and their economic perceptions.
A new POLITICO poll, conducted by market research and consulting firm Penn Schoen Berland, underscores the big divide: Roughly 45 percent of "Washington elites" said the country and the economy are headed in the right direction, while roughly 25 percent of the general population said they felt that way.