It’s appalling. The recently-released Bureau ofEconomic Analysis data showed the U.S. GDPcontracted by nearly 3% in the first quarter this year. This should be a four-alarm fire for policymakers to implement policies to re-ignite growth.
The Wall Street Journal reported this morning that a“U.S. Ruling Loosens Four-Decade Ban On Oil Exports.” But the headlines have it wrong. The law of the land banning exports of crude oil has not changed.