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February 12, 2009

Obama Stimulus Plan Worth 66,000 Jobs In Maryland, White House Says

The White House has just issued a new state-by-state estimate on the number of jobs that will be saved or created over the next two years under the $789.5 billion economic stimulus package now nearing final approval in Congress.

The figure for Maryland is 66,000, which represents a slight decline from an earlier administration estimate. That figure, based on the House stimulus bill, which also had a higher price tag than the final package, was 70,000 jobs.

These figures are extremely rough estimates, however. The actual impact on Maryland employment could well be higher, since overall federal spending ripples out from the District of Columbia and is more concentrated in the surrounding region than in the rest of the country.

According to the White House, the estimates were derived from an analysis of the overall employment impact of the stimulus package, conducted by Christina Romer, Chair of the Council of Economic Advisers, and Jared Bernstein, Chief Economist for the Vice President.

They came up with a figure of 3.5 million jobs that would be created or saved over the next two years. Of course, how one defines a "saved" job is open to wide interpretation, since it basically means a job that would have been cut and now would be preserved.

The White House then took those numbers and divided them up, using detailed estimates of the working age population, employment, and industrial composition of each state.

But the construction projects in the stimulus package, for example, are not spread evenly around the country. And other stimulative aspects of the plan may also disproportionately help Maryland.

As Sen. Barbara A. Mikulski remarked this week at a meeting between the state's congressional delegation and Gov. Martin O'Malley and his staff: "Every time the federal government spends a dollar, a lot of it is being administered in Maryland."

Posted by Paul West at 1:39 PM | | Comments (2)
        

Comments

Pretty much every estimate put out by the government regarding these gigantic bailout/stimulus bills has either been wrong or incredibly wrong. And the fact that the terminology is now "created or saved" rather than just created in terms of jobs, and considering you say yourself that "saved" is a very broad, undefined term, my guess is that we'll never really know the truth about how well this bill "created or saved" jobs in MD. There's no question that even if the opposite is true, it'll be spun as a win for MD.

I'm just so tired of the government being so disingenuous, but that seems to be the order of the day in D.C., no matter if we have a shrub or a "savior" in the White House.

Yes, "creates or saves" is utter...well, you know.

I think we also know the truth about what this bill will do--nothing but line the pockets of friends and political allies of the Democrats.

The crisis is so severe they couldn't wait three days to allow citizens to read the bill? We know congressmen wouldn't if they had three weeks, but plenty of citizens sure would have.

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About the bloggers
Laura Smitherman has been ensconced in the State House basement, writing about the governor, General Assembly and vagaries of Maryland politics for several years. An erstwhile business reporter, her interest in politics dates to her days in Washington when she covered Congress and national campaigns for another media outlet. She now follows a range of policy debates from slot-machine gambling to universal health care and energy regulation, while keeping an eye on the next election.

Paul West covers Washington for The Baltimore Sun, continuing a tradition that began the month the paper was born, in 1837. He hasn't been in the DC bureau that long--only since Ronald Reagan was president. He's covered Congress, the White House and presidential campaigns as the paper's national political correspondent and Washington bureau chief. He's on the lookout for news of significance to Sun readers at the other end of the B/W Parkway. That includes the activities of the state's congressional delegation and anything else that might shed some light on the inner workings of the nation's capital.

Julie Bykowicz's first days as a political reporter, in January 2009, coincided with Baltimore Mayor Sheila Dixon's indictment and the start of the Maryland General Assembly's 426th legislative session. She focuses on coverage of state agencies, such as social services, juvenile justice and prisons. During the session, she wrote about the death penalty, slots parlors and speed cameras, among other hot topics. Julie began political reporting after more than seven years on The Baltimore Sun's crime desk. She lives in Baltimore and works primarily in Annapolis.

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