Regulation explains sickly GDP numbers better than weather

Another quarter, another storm of regulation. Another storm of regulation, another quarter of economic drift. The US Bureau of Economic Analysis reports gross domestic product in the first quarter increased at a barely noticeable annual rate of 0.1%. Annualized growth in the prior quarter was 2.6%. Administration excuse-makers blame first-quarter doldrums on wicked weather. But weather hardly explains the whole problem. American business is mired in regulation. The oil and gas industry knows that. But industry representatives might be surprised to learn that their biggest headache, the Environmental Protection Agency, is losing ground in the Executive Branch rule-writing contest. In an an...

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