What does this data mean? The data means that your income was more likely to edge up last year if you lived near Washington DC, and the further out you go, the more your income was likely to go down. This goes to show that the Washington DC crowd are yet again making off like bandits while the rest of us suffer.
The biggest supporters of a centralized government economy seem to be in California... perhaps they should be paying closer attention. What will happen if down the road if the "capital city of Earth" is clear on the other side of the globe?
Source
This is part of today's post at blog.civilchallenger.com which is re-posted as permission as a way to promote a brand new blog with lots of research but very little traffic yet.
“US Federal Spending: Who Benefits?”
Anybody who has the inside skinny to carve out their piece, big or small. Many times I regret that I’m simply not programmed that way.
I know that DC is not feeling the impacts of the recession -- it appears to be recession proof. The distance from DC to income loss ratio was brilliant, and it surprised me. On a different topic, the following caught my attention
First Solar yesterday announced that during the previous quarter it manufactured its panels at a cost of 98 cents per watt capacity. This is a very big deal because a rule of thumb is that coal power plants cost roughly $1 per watt capacity. So, it is looking very optimistic for solar power to become cost competitive without government subsidies.
I hope this holds true. The more reliable, cheap energy sources we have, the better. Green is OK with me as long as it is the cheapest energy on the open market.