ripple effects from government employment/contracting uncertainty in DMV economy?

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Whole DMV is screwed. It's not just feds. You understand this wipes out a ton of highly paid lobbyists, lawyers, NGO workers, contractors, etc. the list goes on. Guess what, that also means they spend a lot less now on restaurants, home renovations, replacing rooves, buying cars, etc. etc. The effects will ripple down and obliterate the DMV economy. Everyone complained about the cost of home repairs and upgrades. Well, that may no longer be a problem since contractors are about to get slammed due to lack of spending/work. Restaurants are going to be obliterated. Commerical RE will tank too. It is domsday.

Somewhere in South Carolina there are 25K fed jobs.. Let's see how much MAGA crowd cheers on their own losing jobs. Right now there is a lot of nasty propaganda on X about how DC RE listings are exploding in the last 14 days. Must be "draining the swamp" and everyone cheering on. The reality is that maps for every other metro area I checked look the same, tons for sale. It will certainly be a local recession like it was in every area with a lot of Banking sector jobs in 2008, but areas of foreclosures did much worse, poorer demographics fair far worse, so this job cutting will hit areas outside of DC just the same with people more vulnerable than lawyers here (who are now even busier than before) and IT people who can find remote jobs in private sector and will now be competing with all the idiots cheering on.

I’m sure the felon and F-Elon want red states to collapse so they can buy foreclosures and then resell them with subprime loans. No more CFPB. More $$ for them.

What do you think they are trying to do with this area? foreclose all of this premium RE and buy it for pennies, or what? What about DC proper? I am sure they'd want to keep it at least presentable as a "capital", but who knows, it's so chaotic they may move it to a new shiny city they build in TX to launch to Mars, or whatever.. I am just tired and want to know what they plans are, what jobs/careers to train for or advise kids to go to (long term), should I sell here and move anywhere but not here because this will become the worst place to be?

[Anonymous]

Anonymous wrote:As someone who works and adds value every day, I wonder how much less I’d have paid for my house if I wasn’t competing with all of you grifting off government welfare. Can’t wait to see the foreclosures.

Lol @ "adds value"

If you don't think there is value in a safe and secure country, you are an idiot

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:I heard a lot of defense contracts are getting canned.

Lockheed Martin has been eating high off the hog since 9/11. Having worked there, I witnessed gobsmacking waste. It has to be the same at the other contractors too. So, for them to go through some downsizing is a good thing.

The thing is, I'm all for Lockheed Martin shrinking. And, certainly, there's some dead weight among federal government workers as well. I just don't trust Elon Musk to be surgical and strategic.

Musk is burning us to the ground there is nothing strategic to any of this

The goal is to make you beholden to the king if you haven’t figured that out yet you are literally stupid.

He needs you begging for food and shelter to achieve his goal of domination. Fragile male white Christian ego will be the death of the US.

Trumps just a pawn he’s dumb. Musk is King and there is no reality this ends well for our kids or us.

He’s coming for banks next . FDIC is gone X is your new bank if you survive the crash 80 percent or more of the people on this thread will not. Great Depression before summer hits. He now owns the US Treasury.

His plan is in motion and Republicans are on board. National security is gone. They think they are immune to what’s coming nope North Korea and Russia have some plans for them and us.


Americans are dumb

Exactly. He wants tech fascism his way and it looks like he will get it.

[Anonymous]

Anonymous wrote:

Anonymous wrote:Brick and mortar stores, particular small businesses, will suffer the most. Commercial real estate has been taking a beating for the last five years and while RTO may help, we are likely seeing a contraction in spending not just regionally but nationally.

I'm personally going to pack my lunch and skip happy hours until my job is secure.

I would live as though it's not

[Anonymous]

Anonymous wrote:This new EO will complete destroy the economy in the DC metro and the US at large. Requiring that agencies get rid of 4 employees for every 1 employee they hire. This rule basically mandates that government agencies reduce their staff by 8% each year. In combination with mass scale RIFs you are easily looking at a 30-50% decline in the federal workforce. In combination with the proposed budget cuts of 250 billion per year, you are looking at job losses in excess of 3 million people for the US. This does not even consider the spillover effects of employed people cutting back on spending due to lower consumer confidence. It will be an unmitigated economic disaster that is completely self inflicted.

This is a declaration of war on the middle class - coming after the tech layoffs over the past two years, flooding the market with experienced and credentialed white collar workers who were (in many agencies) underpaid will stagnate salaries for twenty years.

[Anonymous]

Anonymous wrote:He brought his mother to the Dimon meeting?! What’s with all the Linus security blankets?! Mom, toddler son? 😵‍💫

They are just his human shields post Luigi

[Anonymous]

The administration was us all poor. They want us poor and with no means to defend ourselves. And when I say us, I don’t just mean federal employees and the businesses that support them. I mean all of us. What Musk and Trump want to show is that for any reason and at any time they can wipe out thousands of jobs and with that thousands of household incomes.

Look at what Musk did at Twitter. Arbitrarily deciding that thousands of people are “wasteful” and tossing them out overnight. The world’s richest man who knows nothing about government other than it pays him millions and millions for contracts. The people who are being fired are experts and public servants who will not easily be replaced and won’t easily find other jobs because of the glut of labor in the market. They didn’t do anything wrong. They were simply names on some list.

For those of you cheering from the sidelines, be careful. You could be next. No one is immune and all of our livelihoods are at risk. It’s how they will control us and now with a gutted judiciary and spineless congress and flailing federal agencies there will be no one to help you.

[Anonymous]

Anonymous wrote:

Anonymous wrote:This new EO will complete destroy the economy in the DC metro and the US at large. Requiring that agencies get rid of 4 employees for every 1 employee they hire. This rule basically mandates that government agencies reduce their staff by 8% each year. In combination with mass scale RIFs you are easily looking at a 30-50% decline in the federal workforce. In combination with the proposed budget cuts of 250 billion per year, you are looking at job losses in excess of 3 million people for the US. This does not even consider the spillover effects of employed people cutting back on spending due to lower consumer confidence. It will be an unmitigated economic disaster that is completely self inflicted.

This is a declaration of war on the middle class - coming after the tech layoffs over the past two years, flooding the market with experienced and credentialed white collar workers who were (in many agencies) underpaid will stagnate salaries for twenty years.

Most of y’all aren’t qualified for a real job. Hope you can learn a trade.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:This new EO will complete destroy the economy in the DC metro and the US at large. Requiring that agencies get rid of 4 employees for every 1 employee they hire. This rule basically mandates that government agencies reduce their staff by 8% each year. In combination with mass scale RIFs you are easily looking at a 30-50% decline in the federal workforce. In combination with the proposed budget cuts of 250 billion per year, you are looking at job losses in excess of 3 million people for the US. This does not even consider the spillover effects of employed people cutting back on spending due to lower consumer confidence. It will be an unmitigated economic disaster that is completely self inflicted.

This is a declaration of war on the middle class - coming after the tech layoffs over the past two years, flooding the market with experienced and credentialed white collar workers who were (in many agencies) underpaid will stagnate salaries for twenty years.

Most of y’all aren’t qualified for a real job. Hope you can learn a trade.

+1. Everyone complaining should try working a real job like being a plumber. There are plenty of job openings. Plus you just may enjoy it -- much more fulfilling and respectable than sitting at a desk typing "reports" and doing emails for a living.

[Anonymous]

I hope everyone in the DMV realizes that these government layoffs are going to cause people in the private sector and small businesses to lose jobs too. If you have ever lived in a factory town when the factory closes, all businesses go down too.

Good luck with your property values.

[Anonymous]

Anonymous wrote:I hope everyone in the DMV realizes that these government layoffs are going to cause people in the private sector and small businesses to lose jobs too. If you have ever lived in a factory town when the factory closes, all businesses go down too.

Good luck with your property values.

There will be pain but we will sacrifice for the greater good.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:This new EO will complete destroy the economy in the DC metro and the US at large. Requiring that agencies get rid of 4 employees for every 1 employee they hire. This rule basically mandates that government agencies reduce their staff by 8% each year. In combination with mass scale RIFs you are easily looking at a 30-50% decline in the federal workforce. In combination with the proposed budget cuts of 250 billion per year, you are looking at job losses in excess of 3 million people for the US. This does not even consider the spillover effects of employed people cutting back on spending due to lower consumer confidence. It will be an unmitigated economic disaster that is completely self inflicted.

This is a declaration of war on the middle class - coming after the tech layoffs over the past two years, flooding the market with experienced and credentialed white collar workers who were (in many agencies) underpaid will stagnate salaries for twenty years.

Most of y’all aren’t qualified for a real job. Hope you can learn a trade.

+1. Everyone complaining should try working a real job like being a plumber. There are plenty of job openings. Plus you just may enjoy it -- much more fulfilling and respectable than sitting at a desk typing "reports" and doing emails for a living.

Lol you think Elon and Trump think a plumber is more respectable than a white collar worker?

When was the last time either sat and had a meal with a plumber?

BTW dh is in IT and deals with alot of our plumbing issues.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:This new EO will complete destroy the economy in the DC metro and the US at large. Requiring that agencies get rid of 4 employees for every 1 employee they hire. This rule basically mandates that government agencies reduce their staff by 8% each year. In combination with mass scale RIFs you are easily looking at a 30-50% decline in the federal workforce. In combination with the proposed budget cuts of 250 billion per year, you are looking at job losses in excess of 3 million people for the US. This does not even consider the spillover effects of employed people cutting back on spending due to lower consumer confidence. It will be an unmitigated economic disaster that is completely self inflicted.

This is a declaration of war on the middle class - coming after the tech layoffs over the past two years, flooding the market with experienced and credentialed white collar workers who were (in many agencies) underpaid will stagnate salaries for twenty years.

Most of y’all aren’t qualified for a real job. Hope you can learn a trade.

+1. Everyone complaining should try working a real job like being a plumber. There are plenty of job openings. Plus you just may enjoy it -- much more fulfilling and respectable than sitting at a desk typing "reports" and doing emails for a living.

Lol you think Elon and Trump think a plumber is more respectable than a white collar worker?

When was the last time either sat and had a meal with a plumber?

BTW dh is in IT and deals with alot of our plumbing issues.

Everyone knows the Internet is a series of tubes.

[Anonymous]

The whole country is about to get screwed

That’s why McConnell wrote in Kentucky newspapers the other day Trumps policies are going to hurt Kentucky in a huge way

It’s not just here

For example the University of Alabama employees who voted for Trump just lost their jobs millions of them . The University of Kansas same etc

Add that to JFK jr policies of anyone on an anti depressant should go work farms and illness from rolling back of all vaccines. No warnings when there is a pandemic yeah it’s going to be a shit show but hey maga you wanted Russia and a musk to own you that’s more important than the dollar to you so yay

Anyone planning a vacation right now by all means bring on those maga germs

[Anonymous]

Anonymous wrote:

Anonymous wrote:This new EO will complete destroy the economy in the DC metro and the US at large. Requiring that agencies get rid of 4 employees for every 1 employee they hire. This rule basically mandates that government agencies reduce their staff by 8% each year. In combination with mass scale RIFs you are easily looking at a 30-50% decline in the federal workforce. In combination with the proposed budget cuts of 250 billion per year, you are looking at job losses in excess of 3 million people for the US. This does not even consider the spillover effects of employed people cutting back on spending due to lower consumer confidence. It will be an unmitigated economic disaster that is completely self inflicted.

This is a declaration of war on the middle class - coming after the tech layoffs over the past two years, flooding the market with experienced and credentialed white collar workers who were (in many agencies) underpaid will stagnate salaries for twenty years.

And this will affect the entire country. Idiots who cheer on don't realize that all these unemployed feds and contracts have skills and will be competing for the office jobs with them applying online and even working remotely for less. A fed working remotely for less in private industry will be just fine. And many will relocate to their precious red states and contribute to the unemployment lines. Many private businesses across the country will collapse, people have no idea how things are connected. They think they are cutting the fat not realizing how much of our GDP and even parts of global economy depend on our government spending. Should it be reduced? Absolutely, but not the way it's done. It's just a way to a massive recession across the entire USA.