The stimulus program didn’t work, a fact even President Obama acknowledged late last year when he admitted to the New York Times that “there’s no such thing as shovel-ready projects.” But it did succeed in remaking Washington, D.C., into a boomtown as the rest of the country struggles. With a relatively low unemployment rate (6%) and rising home values, the area has turned into a poster-child for Keynesian economics and liberal sensibility.
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