A state of recovery? Maryland edition.
In preparation for Executive Director of the White House Council on Automotive Communities and Workers Ed Montgomery’s visit today to General Motors in White Marsh, Maryland to discuss the American Recovery and Reinvestment Act (aka the “stimulus”) and Washington’s plan for the road ahead, below are some facts to consider:
Maryland’s share of the $862-billion “stimulus” bill awarded: $4,334,180,000
(=2.1% of the $202 billion that has already been given to states).
Maryland’s share of the population = 1.9%
The number of employed people in the Maryland fell from 2.818 million when the “stimulus” was enacted, to 2.754 million currently. This translates to 63,252 jobs lost.
For FY2011, Maryland will face a $2.0 billion budget shortfall.
Examples of “stimulus” spending:
$30,000 of “stimulus” funds will be granted to University of Maryland researchers to study the effects of methamphetamine on the sex drives of female rats.