Biden wants RTO

[Anonymous]

Anonymous wrote:

Anonymous wrote:Because the country cannot tolerate WFH.

Banks are sh!tting bricks right now about huge losses they would be on the hook for as commercial real estate values tank due to WFH. City govts across the country are also in deep dookie as they are losing massive amounts of tax revenue due to commercial real estate vacancies. Converting offices to living space doesn’t solve the problem either, because local govts get 2x the amount of tax revenue from commercial RE as they do from residential.

Biden is moving t push fir RTO because our banking overlords will losing trillions of dollars due to huge losses in commercial RE value. Tons of local govts will also go bankrupt and spiral into insolvency. SF has now blown up its budget and is running almost $1B in the red now. DC warned the same, and is almost $500M in the red over the coming years due to huge losses in tax revenue from office vacancies. Our entire stupid system is built upon RE speculation, thus when the model gets completely upended the country is now at dire risk for a massive black swan event that will crater the economy. All it is going to take is one bank going belly up and citing commercial RE losses for an economic maelstrom to be unleashed.

Oh please. Federal employees working remotely do not have the power to tank the economy. Lol!!! The histrionics are hilarious.

Clearly you missed what Bowser is crying about. DC is in deep do with budget shortfalls starting in 2024.

She is desperate for feds to return. The metro is also losing massive amounts of money due to wfh.

https://www.nbcwashington.com/news/local/cfo-warns-dc-tax-revenue-to-drop-by-464m-budget-cuts-to-follow/3289228/

https://www.politico.com/news/magazine/2023/01/20/bowser-biden-federal-workers-washington-dc-00078677

https://www.dcnewsnow.com/news/local-news/washington-dc/metro-projects-750-million-deficit-which-could-lead-to-reduction-in-bus-rail-service/


Anyone saying feds wfh aren’t problematic for DC and commercial RE is delusional. This same kind of story is playing out across the country. Commercial RE is in dire straits. Once a bank collapses due to huge losses it will be contagion. Localities are going to up sh!ts creek without a paddle as their tax base abruptly implodes, since they’ve built budgets based on commercial RE values that no longer exist.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Because the country cannot tolerate WFH.

Banks are sh!tting bricks right now about huge losses they would be on the hook for as commercial real estate values tank due to WFH. City govts across the country are also in deep dookie as they are losing massive amounts of tax revenue due to commercial real estate vacancies. Converting offices to living space doesn’t solve the problem either, because local govts get 2x the amount of tax revenue from commercial RE as they do from residential.

Biden is moving t push fir RTO because our banking overlords will losing trillions of dollars due to huge losses in commercial RE value. Tons of local govts will also go bankrupt and spiral into insolvency. SF has now blown up its budget and is running almost $1B in the red now. DC warned the same, and is almost $500M in the red over the coming years due to huge losses in tax revenue from office vacancies. Our entire stupid system is built upon RE speculation, thus when the model gets completely upended the country is now at dire risk for a massive black swan event that will crater the economy. All it is going to take is one bank going belly up and citing commercial RE losses for a economic maelstrom to be unleashed.

Biden didn’t order Feds to RTO. A member of his staff wrote a lukewarm memo. If the President was serious about RTO, he could simply demand tomorrow all feds report. By the way it’s not the responsibility of the good citizens of MD an VA to prop up the District’s economy. I guarantee you that a month from now commuting into DC will be unchanged from what it’s been over the past 18 months. No agency head is going to give two cents to what Zients says.

You don’t know politics obviously. That’s not how it works. COS speaks for the president.

No they don’t.

So, you think Zients sent this out without Biden's blessing? Only 15 months before the election?

I'm sure it had Biden's blessing but I don't think that is PP's point. A memo written by Zients serves to send a public message, but it doesn't carry weight. It is not as if all the agency heads are going to scramble now to fall in line with that memo. If Biden were really serious about this, he would sign an EO himself.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Because the country cannot tolerate WFH.

Banks are sh!tting bricks right now about huge losses they would be on the hook for as commercial real estate values tank due to WFH. City govts across the country are also in deep dookie as they are losing massive amounts of tax revenue due to commercial real estate vacancies. Converting offices to living space doesn’t solve the problem either, because local govts get 2x the amount of tax revenue from commercial RE as they do from residential.

Biden is moving t push fir RTO because our banking overlords will losing trillions of dollars due to huge losses in commercial RE value. Tons of local govts will also go bankrupt and spiral into insolvency. SF has now blown up its budget and is running almost $1B in the red now. DC warned the same, and is almost $500M in the red over the coming years due to huge losses in tax revenue from office vacancies. Our entire stupid system is built upon RE speculation, thus when the model gets completely upended the country is now at dire risk for a massive black swan event that will crater the economy. All it is going to take is one bank going belly up and citing commercial RE losses for an economic maelstrom to be unleashed.

Oh please. Federal employees working remotely do not have the power to tank the economy. Lol!!! The histrionics are hilarious.

Clearly you missed what Bowser is crying about. DC is in deep do with budget shortfalls starting in 2024.

She is desperate for feds to return. The metro is also losing massive amounts of money due to wfh.

https://www.nbcwashington.com/news/local/cfo-warns-dc-tax-revenue-to-drop-by-464m-budget-cuts-to-follow/3289228/

https://www.politico.com/news/magazine/2023/01/20/bowser-biden-federal-workers-washington-dc-00078677

https://www.dcnewsnow.com/news/local-news/washington-dc/metro-projects-750-million-deficit-which-could-lead-to-reduction-in-bus-rail-service/


Anyone saying feds wfh aren’t problematic for DC and commercial RE is delusional. This same kind of story is playing out across the country. Commercial RE is in dire straits. Once a bank collapses due to huge losses it will be contagion. Localities are going to up sh!ts creek without a paddle as their tax base abruptly implodes, since they’ve built budgets based on commercial RE values that no longer exist.

This part is factually correct. That much is no secret.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Because the country cannot tolerate WFH.

Banks are sh!tting bricks right now about huge losses they would be on the hook for as commercial real estate values tank due to WFH. City govts across the country are also in deep dookie as they are losing massive amounts of tax revenue due to commercial real estate vacancies. Converting offices to living space doesn’t solve the problem either, because local govts get 2x the amount of tax revenue from commercial RE as they do from residential.

Biden is moving t push fir RTO because our banking overlords will losing trillions of dollars due to huge losses in commercial RE value. Tons of local govts will also go bankrupt and spiral into insolvency. SF has now blown up its budget and is running almost $1B in the red now. DC warned the same, and is almost $500M in the red over the coming years due to huge losses in tax revenue from office vacancies. Our entire stupid system is built upon RE speculation, thus when the model gets completely upended the country is now at dire risk for a massive black swan event that will crater the economy. All it is going to take is one bank going belly up and citing commercial RE losses for a economic maelstrom to be unleashed.

Biden didn’t order Feds to RTO. A member of his staff wrote a lukewarm memo. If the President was serious about RTO, he could simply demand tomorrow all feds report. By the way it’s not the responsibility of the good citizens of MD an VA to prop up the District’s economy. I guarantee you that a month from now commuting into DC will be unchanged from what it’s been over the past 18 months. No agency head is going to give two cents to what Zients says.

You don’t know politics obviously. That’s not how it works. COS speaks for the president.

No they don’t.

So, you think Zients sent this out without Biden's blessing? Only 15 months before the election?

I'm sure it had Biden's blessing but I don't think that is PP's point. A memo written by Zients serves to send a public message, but it doesn't carry weight. It is not as if all the agency heads are going to scramble now to fall in line with that memo. If Biden were really serious about this, he would sign an EO himself.

No COS signing it gives biden deniability if sh*t hits the fan. These people are not as stupid as you think.

[Anonymous]

Anonymous wrote:

Anonymous wrote:Because the country cannot tolerate WFH.

Banks are sh!tting bricks right now about huge losses they would be on the hook for as commercial real estate values tank due to WFH. City govts across the country are also in deep dookie as they are losing massive amounts of tax revenue due to commercial real estate vacancies. Converting offices to living space doesn’t solve the problem either, because local govts get 2x the amount of tax revenue from commercial RE as they do from residential.

Biden is moving t push fir RTO because our banking overlords will losing trillions of dollars due to huge losses in commercial RE value. Tons of local govts will also go bankrupt and spiral into insolvency. SF has now blown up its budget and is running almost $1B in the red now. DC warned the same, and is almost $500M in the red over the coming years due to huge losses in tax revenue from office vacancies. Our entire stupid system is built upon RE speculation, thus when the model gets completely upended the country is now at dire risk for a massive black swan event that will crater the economy. All it is going to take is one bank going belly up and citing commercial RE losses for a economic maelstrom to be unleashed.

Biden didn’t order Feds to RTO. A member of his staff wrote a lukewarm memo. If the President was serious about RTO, he could simply demand tomorrow all feds report. By the way it’s not the responsibility of the good citizens of MD an VA to prop up the District’s economy. I guarantee you that a month from now commuting into DC will be unchanged from what it’s been over the past 18 months. No agency head is going to give two cents to what Zients says.

False. My neighbor works for HHS. They’re basically expected to RTO normally by end of year. Well, at least that’s what she told me the other day while I was out mowing my lawn.

[Anonymous]

We had our all hands meeting yesterday. Management's msg was RTO will happen this year. No details were given.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:The Biden admin just keeps pissing the wrong people off and it's going to back fire royally. They keep pushing they will see what's going to happen next election.

+100 THIS!

This idiocy was floated in another thread on this topic. It's as silly now as it was then.

I’m not sure I’d want to f-around with the Virginia vote.

Precisely which Republican candidate will be better for federal workers (i) on WFH issues, and (ii) generally speaking than Biden?

For this 52-year period, the federal workforce has had higher pay raises during a Republican administration. Here is how it breaks out.

The average pay raise per year: 3.71%
Under Republicans: 4.05%
Under Democrats: 3.65%

https://www.fedsmith.com/2021/01/10/50-years-federal-pay-democrats-v-republicans/

Yeah, because Rs screw up the economy so that Ds have to clean up a recession. That always comes with lower inflation.

I agree with you that Rs are awful, but no one has pointed to anything where the R presidential candidates said they would force federal employees back to the office. If Biden makes me spend 15 hours per week commuting just to please his rich donors, he is not getting my vote. I have no clue why anyone would support a candidate who gives such a strong middle finger to you. We don't know if a R would be better, but based on what Biden is advocating, it won't be any worse. So I'll take my chances.

I agree. The heck with all those women who may lose the right to choose. And I don't really care if corporate taxers are lowered to nothing. If I have ot do the commute I signed on for pre-pandemic, it'll turn me into a Trump voter. MAGA!!

The right to choose is already gone. Strange to hinge your vote on an issue that is no longer even up for debate at the national level. And what exactly has Biden done to raise corporate taxes?

Maybe the feckin’ useless Dems should have codified the right to choice and interstate reproductive services when they had the chance.

When exactly was that?

Oh I dunno, maybe during the multiple time periods when the controlled Congress and the Presidency.

Tell me you don't understand the filibuster without telling me you don't understand the filibuster.

Are all feds so ill-informed?

they never even tried

You seriously aren't this stupid, are you?

Feds, is this a good example of your ranks? Because if so, I think you feds should continue to work at home because you aren't able to operate a car safely, or be trusted out of the house on your own.

stfu

“ “When it starts to take too long, you see the Democratic Party essentially saying: Well, we’re not going to worry about this, we’ll get to this later,” Ziegler said. ”

feckless.

https://19thnews.org/2022/01/congress-codify-abortion-roe/?amp

Did you even read the article, you dolt? It makes the rather obvious point that it's impossible to pass a nationwide abortion law with the current makeup of the Senate.

It's this kind of magical thinking, combined with a lack of civics knowledge, that convinces rational people that progressives are not to be takes seriously.

the CURRENT senate. the Dems had opportunities in the past and did not take them … because they did not prioritize reproductive rights.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Because the country cannot tolerate WFH.

Banks are sh!tting bricks right now about huge losses they would be on the hook for as commercial real estate values tank due to WFH. City govts across the country are also in deep dookie as they are losing massive amounts of tax revenue due to commercial real estate vacancies. Converting offices to living space doesn’t solve the problem either, because local govts get 2x the amount of tax revenue from commercial RE as they do from residential.

Biden is moving t push fir RTO because our banking overlords will losing trillions of dollars due to huge losses in commercial RE value. Tons of local govts will also go bankrupt and spiral into insolvency. SF has now blown up its budget and is running almost $1B in the red now. DC warned the same, and is almost $500M in the red over the coming years due to huge losses in tax revenue from office vacancies. Our entire stupid system is built upon RE speculation, thus when the model gets completely upended the country is now at dire risk for a massive black swan event that will crater the economy. All it is going to take is one bank going belly up and citing commercial RE losses for an economic maelstrom to be unleashed.

Oh please. Federal employees working remotely do not have the power to tank the economy. Lol!!! The histrionics are hilarious.

Clearly you missed what Bowser is crying about. DC is in deep do with budget shortfalls starting in 2024.

She is desperate for feds to return. The metro is also losing massive amounts of money due to wfh.

https://www.nbcwashington.com/news/local/cfo-warns-dc-tax-revenue-to-drop-by-464m-budget-cuts-to-follow/3289228/

https://www.politico.com/news/magazine/2023/01/20/bowser-biden-federal-workers-washington-dc-00078677

https://www.dcnewsnow.com/news/local-news/washington-dc/metro-projects-750-million-deficit-which-could-lead-to-reduction-in-bus-rail-service/


Anyone saying feds wfh aren’t problematic for DC and commercial RE is delusional. This same kind of story is playing out across the country. Commercial RE is in dire straits. Once a bank collapses due to huge losses it will be contagion. Localities are going to up sh!ts creek without a paddle as their tax base abruptly implodes, since they’ve built budgets based on commercial RE values that no longer exist.

Well, some localities. Others are thriving with an influx of remote workers. Idk why we should disfavor those.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Because the country cannot tolerate WFH.

Banks are sh!tting bricks right now about huge losses they would be on the hook for as commercial real estate values tank due to WFH. City govts across the country are also in deep dookie as they are losing massive amounts of tax revenue due to commercial real estate vacancies. Converting offices to living space doesn’t solve the problem either, because local govts get 2x the amount of tax revenue from commercial RE as they do from residential.

Biden is moving t push fir RTO because our banking overlords will losing trillions of dollars due to huge losses in commercial RE value. Tons of local govts will also go bankrupt and spiral into insolvency. SF has now blown up its budget and is running almost $1B in the red now. DC warned the same, and is almost $500M in the red over the coming years due to huge losses in tax revenue from office vacancies. Our entire stupid system is built upon RE speculation, thus when the model gets completely upended the country is now at dire risk for a massive black swan event that will crater the economy. All it is going to take is one bank going belly up and citing commercial RE losses for a economic maelstrom to be unleashed.

Biden didn’t order Feds to RTO. A member of his staff wrote a lukewarm memo. If the President was serious about RTO, he could simply demand tomorrow all feds report. By the way it’s not the responsibility of the good citizens of MD an VA to prop up the District’s economy. I guarantee you that a month from now commuting into DC will be unchanged from what it’s been over the past 18 months. No agency head is going to give two cents to what Zients says.

You don’t know politics obviously. That’s not how it works. COS speaks for the president.

No they don’t.

So, you think Zients sent this out without Biden's blessing? Only 15 months before the election?

Could care less what Zients sent out. He has ABSOLUTELY ZERO authority over agency heads. The President does though and if this were an issue he would speak out on it. I guarantee there will be no significant impact from this announcement. If you think we Feds will RTO from this memo, I have a bridge to sell you.
It’s obvious you have no idea how politics work.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Because the country cannot tolerate WFH.

Banks are sh!tting bricks right now about huge losses they would be on the hook for as commercial real estate values tank due to WFH. City govts across the country are also in deep dookie as they are losing massive amounts of tax revenue due to commercial real estate vacancies. Converting offices to living space doesn’t solve the problem either, because local govts get 2x the amount of tax revenue from commercial RE as they do from residential.

Biden is moving t push fir RTO because our banking overlords will losing trillions of dollars due to huge losses in commercial RE value. Tons of local govts will also go bankrupt and spiral into insolvency. SF has now blown up its budget and is running almost $1B in the red now. DC warned the same, and is almost $500M in the red over the coming years due to huge losses in tax revenue from office vacancies. Our entire stupid system is built upon RE speculation, thus when the model gets completely upended the country is now at dire risk for a massive black swan event that will crater the economy. All it is going to take is one bank going belly up and citing commercial RE losses for an economic maelstrom to be unleashed.

Oh please. Federal employees working remotely do not have the power to tank the economy. Lol!!! The histrionics are hilarious.

Clearly you missed what Bowser is crying about. DC is in deep do with budget shortfalls starting in 2024.

She is desperate for feds to return. The metro is also losing massive amounts of money due to wfh.

https://www.nbcwashington.com/news/local/cfo-warns-dc-tax-revenue-to-drop-by-464m-budget-cuts-to-follow/3289228/

https://www.politico.com/news/magazine/2023/01/20/bowser-biden-federal-workers-washington-dc-00078677

https://www.dcnewsnow.com/news/local-news/washington-dc/metro-projects-750-million-deficit-which-could-lead-to-reduction-in-bus-rail-service/


Anyone saying feds wfh aren’t problematic for DC and commercial RE is delusional. This same kind of story is playing out across the country. Commercial RE is in dire straits. Once a bank collapses due to huge losses it will be contagion. Localities are going to up sh!ts creek without a paddle as their tax base abruptly implodes, since they’ve built budgets based on commercial RE values that no longer exist.

Sure. But ordering feds back is like throwing a rock into a rushing stream. It’s not going to do much.

Commercial real estate won’t come back so long as the backbone of the US economy is small and medium businesses, many of which have realized enormous cost savings by moving to remote work.

[Anonymous]

I have to be in NYC every other week for cancer treatments and I am always shocked at how busy and full of office workers in midtown. We are living in a weird bubble here in DC.

[Anonymous]

Anonymous wrote:We had our all hands meeting yesterday. Management's msg was RTO will happen this year. No details were given.

LMAO. RTO if you want, by the end of the year or whatever. Large scale RTO ain’t a thing so don’t sweat it.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Because the country cannot tolerate WFH.

Banks are sh!tting bricks right now about huge losses they would be on the hook for as commercial real estate values tank due to WFH. City govts across the country are also in deep dookie as they are losing massive amounts of tax revenue due to commercial real estate vacancies. Converting offices to living space doesn’t solve the problem either, because local govts get 2x the amount of tax revenue from commercial RE as they do from residential.

Biden is moving t push fir RTO because our banking overlords will losing trillions of dollars due to huge losses in commercial RE value. Tons of local govts will also go bankrupt and spiral into insolvency. SF has now blown up its budget and is running almost $1B in the red now. DC warned the same, and is almost $500M in the red over the coming years due to huge losses in tax revenue from office vacancies. Our entire stupid system is built upon RE speculation, thus when the model gets completely upended the country is now at dire risk for a massive black swan event that will crater the economy. All it is going to take is one bank going belly up and citing commercial RE losses for a economic maelstrom to be unleashed.

Biden didn’t order Feds to RTO. A member of his staff wrote a lukewarm memo. If the President was serious about RTO, he could simply demand tomorrow all feds report. By the way it’s not the responsibility of the good citizens of MD an VA to prop up the District’s economy. I guarantee you that a month from now commuting into DC will be unchanged from what it’s been over the past 18 months. No agency head is going to give two cents to what Zients says.

You don’t know politics obviously. That’s not how it works. COS speaks for the president.

No they don’t.

So, you think Zients sent this out without Biden's blessing? Only 15 months before the election?

Could care less what Zients sent out. He has ABSOLUTELY ZERO authority over agency heads. The President does though and if this were an issue he would speak out on it. I guarantee there will be no significant impact from this announcement. If you think we Feds will RTO from this memo, I have a bridge to sell you.
It’s obvious you have no idea how politics work.

I am a pro-WFH but, as much as I want you to be right, I think you are wrong. COS is COO of Biden administration. You really shouldn't "guarantee" something you know nothing about.

[Anonymous]

Anonymous wrote:

Anonymous wrote:We had our all hands meeting yesterday. Management's msg was RTO will happen this year. No details were given.

LMAO. RTO if you want, by the end of the year or whatever. Large scale RTO ain’t a thing so don’t sweat it.

Listen, nobody really knows how it will play out. Your posts make you sound just idiotic. You are just screaming, not making any logical/reasonable arguments.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Because the country cannot tolerate WFH.

Banks are sh!tting bricks right now about huge losses they would be on the hook for as commercial real estate values tank due to WFH. City govts across the country are also in deep dookie as they are losing massive amounts of tax revenue due to commercial real estate vacancies. Converting offices to living space doesn’t solve the problem either, because local govts get 2x the amount of tax revenue from commercial RE as they do from residential.

Biden is moving t push fir RTO because our banking overlords will losing trillions of dollars due to huge losses in commercial RE value. Tons of local govts will also go bankrupt and spiral into insolvency. SF has now blown up its budget and is running almost $1B in the red now. DC warned the same, and is almost $500M in the red over the coming years due to huge losses in tax revenue from office vacancies. Our entire stupid system is built upon RE speculation, thus when the model gets completely upended the country is now at dire risk for a massive black swan event that will crater the economy. All it is going to take is one bank going belly up and citing commercial RE losses for an economic maelstrom to be unleashed.

Oh please. Federal employees working remotely do not have the power to tank the economy. Lol!!! The histrionics are hilarious.

Clearly you missed what Bowser is crying about. DC is in deep do with budget shortfalls starting in 2024.

She is desperate for feds to return. The metro is also losing massive amounts of money due to wfh.

https://www.nbcwashington.com/news/local/cfo-warns-dc-tax-revenue-to-drop-by-464m-budget-cuts-to-follow/3289228/

https://www.politico.com/news/magazine/2023/01/20/bowser-biden-federal-workers-washington-dc-00078677

https://www.dcnewsnow.com/news/local-news/washington-dc/metro-projects-750-million-deficit-which-could-lead-to-reduction-in-bus-rail-service/


Anyone saying feds wfh aren’t problematic for DC and commercial RE is delusional. This same kind of story is playing out across the country. Commercial RE is in dire straits. Once a bank collapses due to huge losses it will be contagion. Localities are going to up sh!ts creek without a paddle as their tax base abruptly implodes, since they’ve built budgets based on commercial RE values that no longer exist.

Sure. But ordering feds back is like throwing a rock into a rushing stream. It’s not going to do much.

Commercial real estate won’t come back so long as the backbone of the US economy is small and medium businesses, many of which have realized enormous cost savings by moving to remote work.

That depends on the size of the rock.