This blind devotion to Keynesian economics blows my mind.
Via Beltway Confidential:
President Obama’s top economic adviser, Alan Krueger, called for Congress to stimulate job creation among state and local governments in order to address the slowing growth of the economy.
Krueger attributed the weak economic growth to a lack of stimulus funding. “Since the Recovery Act funds have been phasing out, however, declining State and local government activity has subtracted from GDP,” the chairman of Obama’s Council of Economic Advisers wrote in today’s advance estimate of GDP for the second quarter of 2012.