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."








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.
Posted by: brstevens | February 12, 2009 9:39 PM
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.
Posted by: jjjackson | February 13, 2009 8:43 PM