It doesn’t seem that the incoming Democratic president is making much of the opportunity the outgoing Republican president gave him to reshape the political landscape, with the Democrats becoming the party of fiscal discipline.
As the Washington Post‘s Chris Civilizza put this morning in the paper’s blog, Obama Bets Big on Big Government. “Only government,” the president-elect said, “can break the vicious cycles that are crippling our economy — where a lack of spending leads to lost jobs which leads to even less spending.”
Where has he been these past eight years, the eight years he so sucessfully ran against in his presidential campaign? Does he think the trillion dollar deficits which, he warns, will become “a reality for years to come” happened because the federal government didn’t spend enough?
It seems that Obama’s economic policy is not merely an extension of the policies of the Republican president he promised to change, but an attempt to dress up those policies as some kind of noble stimulative endeavor.
On domestic issues at least, instead of change from the last eight years, we’ll be getting more of the same. Let’s call Obama’s stimulus what it is, Bush’s economic policies with a face more friendly to the MSM. And a larger price tag.