CEI Weekly: The Case Against the Economic Development Administration

Friday, September 21, 2012

Feature: CEI releases a new study on the EDA.

FEATURE: The Case Against the Economic Development Administration This week, CEI released a new study by Policy Analyst David Bier: The Case for Abolishing the Economic Development Administration. Bier explains that the agency--who doles out grants to communities--causes more harm than good by incentivizing economic waste and overtaxation. Read Bier's study here. SHAPING THE DEBATE Federal Agencies Should Stop Using Cost-Benefit Analyses Wayne Crew and Ryan Young's op-ed in Investor's Business Daily Sugary Drinks Ban Begs the Question--Who Has the Right to Decide What You Consume Michelle Minton's op-ed on Fox News America's Founders Supported Immigration David Bier's op-ed in The Huffington Post House Passes Bill to Limit Solyndra-Style Loan Guarantees William Yeatman's citation in The Los Angeles Times  Overregulation Does Have an Economic Cost CEI featured in The Charleston Daily Mail $1.8 Trillion Shock: Obama Regs Cost 20-Times Estimate Wayne Crews featured in The Washington Examiner House Passes 'No More Solyndras' William Yeatman's citation in Politico G. Gordon Liddy Ends 20-Year Radio Run CEI's citation in Fishbowl DC Oklahoma, South Carolina, Michigan Join Dodd-Frank Attack CEI's citation in Bloomberg News

CEI PODCAST September 20, 2012: The Economic Development Administration CEI Policy Analyst David Bier is author of the new study “The Case for Abolishing the Economic Development Administration.” The agency’s impact goes well beyond its modest $286 million budget. On average, the EDA only pays for about one seventh of its projects. The rest of the burden falls on state and local governments and the private sector. Those projects include $2 million for a wine-tasting room, $35 million for a convention center that is projected to lose money, and other boondoggles. BEST OF THE BLOGS Can We Please Have a Grownup Discussion About Distracted Driving? By Marc Scribner The European Central Bank's Losing Game of Chicken By Matt Melchiorre San Fran Plan to Go Green Proves That Renewables Can't Compete By William Yeatman As Union Popularity Fades, a Fight For Power Theatens Michigan By Ross Pohl