- Bill O’Reilly reminds: Nelson Mandela ‘was a communist’
- John Boehner says GOP should support gay candidates: ‘I do’
- Grass-Whopper: Pan-fried cricket burgers go over big in New York City
- CDC sees measles spike and ‘failure to vaccinate’
- Ex-Secret Service agent seeking Md. seat: Everyone’s a ‘de facto criminal’ now
- New prosthetic hand technology lets amputees feel again
- Child killed, 4 injured in Idaho elementary school bus crash
- Obama downplays IRS scandal, blames Obamacare rollout on ‘outdated’ agencies
- Pregnancies decline overall, up among older women
- Pentagon plans to destroy Syrian chemical arms on ship at sea
Economic Development Administration
Latest Economic Development Administration Items
Talk about a smooth deal.
Why does government stimulus spending fail? When considering the success of economic programs, the 19th-century French economist Frederic Bastiat urged us to look at both "what is seen and what is not seen." Now a program at the Department of Commerce provides ample evidence of Bastiat's prescience. The Economic Development Administration (EDA) provides a strong warning against future stimulus spending: When it comes to stimulus, the unseen costs are often greater than the visible benefits.
In choosing John Bryson as his nominee to be the next U.S. secretary of commerce, President Obama has chosen a perfect representative of our new ruling class. He is the founder of a lobby group, the powerful Natural Resources Defense Council (NRDC), who became a regulator with California's Public Utility Commission, then a rent-seeker with Edison International and Boeing. His experience is not in commerce at all, but in getting government to direct monies to favored companies. To be fair, that is the role of the Commerce Department these days, which is exactly why Congress needs to abolish the Commerce Department.