By attacking the argument that uncertainty is holding back economic growth, Krueger is trying to punch a hole through one of the main criticisms Republicans have of President Obama’s economic policies: that a burst of regulations and regulatory uncertainty in general are crushing job growth and hurting the economy. Republicans and business groups have long complained that the Obama administration’s regulation of everything from air quality to Wall Street is heavy handed and hampering growth..."
at http://blogs.wsj.com/economics/2011/12/21/white-houses-krueger-lack-of-demand-holding-back-economy/?mod=WSJBlog
