Why Washington D.C. really likes itself

The latest index report shows that the District of Columbia is far more confident in the economy than any state, by a long shot. In every state, most residents think the economy is getting worse; in the nation’s capital, fully 60 percent think the economy is getting better…

Maybe that’s because Washington is richer, on the whole, than any American state: it has a per-capita income of $71,011, compared with the national average of $40,584, according to the Bureau of Economic Analysis. And the geysering income streams that support Washingtonians are reliable in good times and bad…

What’s more, the government is moving ahead with major overhauls of financial regulation and health care, and Congress has its sights on taxes and spending, as illustrated by the debt-ceiling battle. All these targets have attracted major industrial stakeholders, injecting billions into the Washington lobbying industry.