Mutual fund manger John Hussman thinks Martin O'Malley has been a good governor and sent me an employment chart to demonstrate it. The highly rated Hussman Funds are based in Ellicott City. Hussman says he has met O'Malley at a fundraiser but has no official connection to the campaign.
His chart shows Maryland's job performance relative to that of the nation. Specifically, it shows Maryland's share of U.S. employment during the Ehrlich and O'Malley administrations. As you can see, Maryland's job share rose significantly in 2009 and 2010. Of course this is all about this state's relative insulation from the U.S. recession and prolonged slump. But I'm far less ready than Hussman to credit O'Malley -- or any governor -- with short-term economic performance.
There are too many variables outside of gubernatorial control. I believe Maryland's relatively superior performance has much to do with its large share of government and health-care jobs, which have been insulated from the worst economic pain, and about its proximity to Washington. It's hard for O'Malley to claim credit for those factors.
Here's Hussman: