Commerce Secretary Wilbur Ross Can’t Stay Awake During Meetings. Does That Mean It’s Time to Put His Whole Crony Capitalist Department to Rest?
Reason cites CEI’s report on the Economic Development Administration.
“In the four decades since its creation, EDA has funded professional football practice facilities, model pyramids, wine tasting rooms, and other clearly wasteful projects,” reads a 2012 report from the pro-market Competitive Enterprise Institute. The report also criticizes the EDA for measuring projects’ success by the number of jobs created (as opposed to value created) or by the amount of public investment a project attracts (which has seen the EDA give out awards to local governments for raising taxes).