Maryland has 2nd-worst economy in America, CNBC finds

Maryland has the second-worst economy in the U.S., CNBC found in its 2026 Worst State Economies in America survey, the results of which were released today. "Economic growth and job growth nearly flatlined in Maryland over the past year," the cable TV business channel noted in its analysis. "[H]igh costs, unpredictable taxes, and growing regulatory burdens," are each a drag on the state's economy, as is an over-reliance on government jobs and federal funds. A new IT services tax walloped businesses, sending many firms packing for greener pastures in other states. Especially hard hit by the IT tax were government contractors, a painful irony in a state where little beyond government has been growing this century.

Some factors in CNBC's criteria certainly hit Maryland where it hurts. These included job growth, economic growth, and the number of major companies headquartered in the state. The first two "flatlined" over the last 12 months, in CNBC's own word, and Maryland hasn't attracted a single new major corporate headquarters this century. In fact, the story has been the number of companies leaving the state. "Budget situation" isn't a category any Maryland elected official would want to delve into publicly. Debt? Maryland and Montgomery County are both in deadly serious trouble on that front, as well.

"Small business survival rates?" Ho ho. The ubiquitous "Going Out of Business" and "Everything must go!!!" signs in Montgomery County storefront windows tell a most tragic story indeed.

"Maryland finds itself in a deep hole in 2026, with no easy way out of it," CNBC concluded. But the picture is even bleaker than the one painted by the already-stinging rebuke of a friendly, liberal news outlet. They didn't even mention the budget apocalypse currently forecast for the state in 2030. 

Can we continue to whistle past the graveyard, raising taxes and instituting new ones? Refusing for radical ideological reasons to construct the long-delayed new Potomac River crossing to the Dulles area? Continuing to block completion of our master plan highway system? Keep on losing, and often hardly trying, in the corporate HQ relocation sweepstakes?

We could. And we just might end up topping CNBC's worst list in the future. It's one of the few things within easy reach for the buffoonish incompetents currently running Montgomery County and Maryland. After all, "We're number two - we try harder."