Home Budget, Economy Two Trade Missions to Asia. One Governor Nabs $85 Million in Direct...

Two Trade Missions to Asia. One Governor Nabs $85 Million in Direct Investment; The Other Nabs $0

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Two neighboring state governors – Democrat Martin O’Malley of Maryland and Republican Bob McDonnell of Virginia – go to Asia on trade missions, seeking foreign direct investment in their states. I’ll give you one guess which governor came back with “$85 million in immediate foreign direct investment” to his state, and which governor came back with…no foreign direct investment at all. Need another hint? Try this photo from one of the governor’s Facebook pages.



That’s right, Gov. Martin O’Malley (D) of Maryland went to Asia, and reported back: “I’m pleased to announce that our economic development mission to Asia has already resulted in $85 million in immediate foreign direct investment into Maryland!”  Gov. Bob McDonnell (R) of Virginia went to Asia and reported back on a “new marketing office in Shanghai,” plus “an historic cultural exchange agreement,” plus…uhhhh. Well, there’s this: “agricultural exports including soybeans and chicken…[m]ore specific details will be announced in the upcoming weeks and months.” Wow.

As Rebecca Jaramillo notes (major h/t to her on this story!), “It’s wonderful that McD sold our chickens and agricultural good (which of course means that it is good we didn’t pass those anti-immigration laws and end up like GA — without our workers), but that isn’t the same as ‘direct investment.’” Bottom line: the Democratic governor brought back serious foreign direct investment to his state; the Republican governor brought back…a cultural exchange, some chickens and hog sales, and something or other to be named later. Surprise, surprise.

  • sspiker

    Do you think the decision of the Chinese had anything to do with the party affiliation of the Governor’s name?

  • blue bronc

    I bet Nixon is laughing at a certain governor, and I do not think it is a Dem Governor from Maryland.

  • glennbear

    The republican governor is constantly spouting that his state is “business friendly” is it possible his new Asia office is nothing more than a way to help his corporate buddies move their operations overseas ? Just saying………..

  • cragghines

    Does that mean McDonnell, next year during Confederate History Month, is going to send them plantation records on better ways to exploit slave labor?