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Reply to "Please share! MAGA who FAFO"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]The stock market is rallying. No one else sees this as economic doomsday. And, these cuts affect DC based feds a lot more. Feds outside of DC might lose their job, but their community will remain robust. Real estate won't crater, and the job market will won't be oversaturated the way it will be in DC. DC feds are hosed. RIP the job market, real estate market, tax base, etc. [/quote] Maybe. However, RTO could boost the DC economy. When COVID hit and everyone started WFH, local restaurants, dry cleaners, coffee shops, hair salons, professional clothing stores, etc had to lay off a lot of workers or close entirely. RTO for federal workers, even a reduced number, could have a ripple effect by boosting these businesses. Similarly, companies contracting with the government may move their offices to DC in order to be closer to their customers, and the number of trade shows may increase as well. [/quote] Every Fed I know is tightening the belt and intentionally spending less, intentionally packing lunch and skipping coffee. Did you think people were just going to internalize an extra $2-3k expense and spend like it’s 2019?[/quote] Well, that means they may end up eating healthier, so a win for MAHA. Also, not spending like it's 2019 might lead to greater financial responsibility on the home front. That's what Trump and Elon seem to be doing at the government level.[/quote] Sure. Just saying, the boom small businesses are hoping to materialize won’t. People aren’t spending, there is no growth. Only so many coffees and yachts a billionaire can buy. Which is why everyone with a brain who can read knows that trickle down economics is a farce, and a strong middle class is what makes this country prosperous. [/quote] Restaurants will adapt. Food trucks instead of sit down ones. More carry out sandwiches instead of tables and wait staff. RTO is back and people need to eat. They will cut in other places.[/quote] Are you joking? I know many families (including mine) who just canceled long planned home renovations. These were much anticipated, long saved for upgrades we were all really excited for. You think after cutting something that was a top budget priority for my family I’m going to go out to lunch? GTFO. So many people I know are too stressed to even eat. [/quote]
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