Maryland has lost 36,200 jobs, while Virginia has lost 12,400 jobs since 2007 according to the latest available numbers from the Bureau of Labor Statistics. Maryland is a much smaller state so on a percentage basis of jobs lost there is an even wider difference - four times as many jobs have vanished in Maryland as in Virginia. Change Maryland notes the contrast as Governor Martin O'Malley and Virginia Governor Robert McDonnell appeared on Meet the Press today discussing national politics.
"O'Malley has no business going on national TV talking about the economy, especially with Gov. McDonnell who is pounding our state into submission on job creation," said Change Maryland Chairman Larry Hogan. "Maryland is lucky enough to be one of the biggest recipients of federal government jobs and federal government spending which has kept the bottom from completely falling out of the unemployment rate. But, we have lost 6,500 businesses under O’Malley and our private sector economy is in shambles.”
Governor O'Malley frequently compares Maryland's employment picture to the entire nation as if states like Michigan and Nevada have common economic attributes. Actually Virginia is the most apt comparison since they are our next-door neighbors, share the border of Washington D.C. and compete directly for businesses and jobs.
Maryland has lost more businesses, taxpayers and jobs than its southern neighbor since O'Malley's term in office began in 2007. What's more, Virginia is the largest net recipient of that capital flight from Maryland.
Maryland accounted for the largest migration exodus of any state in the region between 2007 and 2010, with a net migration resulting in nearly 31,000 residents having left the state. Most of these individuals went to Virginia, now home to 11,455 former Marylanders, who took $390 million in earning power from the tax rolls during this three-year period, according to the IRS.
As a percentage of jobs lost since 2007, which in context puts Maryland's loss at four times that of Virginia, the state saw a decline of 1.39%, while the commonwealth stands at just .33%. In the July preliminary BLS numbers, Virginia's month-to-month gain of 21,300 jobs was the third-highest in the country, while Maryland's gain was a measly 800.
DelMarVa's Premier Source for News, Opinion, Analysis, and Human Interest Contact Publisher Joe Albero at alberobutzo@wmconnect.com or 410-430-5349
5 comments:
And the moronic voters kept O'Malley.
Libs are too stupid to learn. They just keep doing the same thing over and over....As soon as realestate starts to rise again. You will see a lot more people leaving. MD sucks.
Not to worry! Remember Maryland has all those jobs coming that the O'Malley administration drummed up on their trip to India!
Right,
You can’t fix the economy by raising taxes on individuals and businesses.
Maryland lost money when it increased the State sales tax, they lose money every time they increase taxes, but they just don’t learn. LOWER the tax rate on business and attract new businesses. LOWER the taxes on individuals and give the residents more money to spend within the State. You will then see people and businesses moving into Maryland. The people of this State have to take charge. We have to make our government officials understand or get ride of all of them and start over. It’s either that or watch the residents of this State continue to move to other States.
Republicans create jobs better than Socialists or democrats. End of story.
When will Marylanders understand electing Socialist Demigogue's like Obama, O'Malley, Blake and Ireton will harm there very existence? They demonize wealth and success to the extent they discriminate and purposely cause class warfare with those that will buy into it.
They are effectively making working people slaves to redistribute our money through a hyper inflated tax code. Federal tax. State tax. County tax. Property tax. Income tax. Luxury tax. Sales tax.Capital gains tax. They make more money on a gallon of gas than the oil companies for GEEZUS sake!
All so they can continue to support their base with welfare and medicaid as well as doing the same for foreign countries. Some of whom are enemies of America.
Democrats can do better and need a swing back to the party core beliefs. Not all this progressive socialist agenda B.S.
Post a Comment