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Government Prospers Despite Hard Times Posted by Michael E. Marotta on 6/24, 4:48am | ||
"In first quarter of 2010, the economy in Washington D.C. expanded by 6.3% ... Austin also touts considerable growth at 5.3%. We've seen a significant increase in government spending since the start of the recession... "Most of these cities have some general characteristics in common," said Howard Weil, author of the report and a fellow at the Metropolitan Policy Program. "They didn't experience huge housing bubbles followed by a crash, and their economies weren't rooted in the auto industry." Weil added that a number of cities are also government centers, like Austin, where job cuts have been limited and spending remains healthy." ![]() | ||
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