People who know something of history and economics are shaking their heads over the direction of the new administration. Many of the actions that have been mandated in a blizzard of royal decrees Executive Orders seem counterproductive, cruel, questionably legal, arguably unconstitutional, and generally make no sense, viewed as a whole in a historical context, as a way to run a railroad.
But I think at least some of them can be understood by taking a closer look at a few things:
1. The administration is slashing thousands of government jobs, and wants to move many of those that remain out of Washington. This will result in a huge reduction in the amount of office space needed by government workers.
2. The head of the General Services Administration, which manages federal real estate, wants to sell off as much as 50% of the entire federal real estate portfolio.
3. This will drop the bottom out of the commercial real estate market in Washington, leaving scores of buildings in prime locations for redevelopment.
4. And who, pray tell, claims to be the world's premiere real estate magnate, to know more about (insert topic) than anyone else, and has refused to divest himself of his business interests as he gleefully allows President Musk to handle the day-to-day nuisance of governing?
If you think Der Furor has the best interests of the American people at heart, just follow the money ... none of which you'll ever see or benefit from.
Have a good day. More thoughts coming.
Bilbo
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