Washington’s Economic Confidence No. 1

Photograph by Daniel Acker/Bloomberg

The Washington monument stands as pedestrians walk ahead of the presidential inauguration in Washington, DC.

Who says Washington is dysfunctional?

Washington is downright happy with the way things are going.

Of all the places where the Gallup organization has polled people about their confidence in the economy, Washington, D.C., stands out as most confident.

The 2012 survey of economic confidence put D.C. in clear positive territory, with a 29 confidence rating, well ahead of Minnesota and Hawaii.

Pulling up the bottom? West Virginia, with a negative 42 rating.

This could have something to do with that recent report from the Bloomberg Rankings team that annual wages in Washington, D.C., during the past decade grew more than wages gained in any state. Up from $49,420 a year to $74,540 a year in 2011 — far more than the next highest 2011 annual wage of $42,510.

That could have something to do with the District’s buoyant confidence in the economy.

Then again, Washingtonians still labor under taxation without representation -- which suggests that good pay may be a good substitute for a good congressman. Or that those without a voice in Congress have the most confidence in the economy.

 

 

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