Obamanomics - Not Different, Just Bigger

The guys at Powerline had this great observation that I completely missed.

Obama's attacks on the Bush administration were equally silly:

First of all, when I hear that from folks who presided over a doubling of the national debt, then, you know, I just want them to not engage in some revisionist history. I inherited the deficit that we have right now and the economic crisis that we have right now.

Right. And that's why his first act as President is to double or triple the deficit? Why, then, doesn't he say that the Bush administration was following the right policies, only needed to go farther? Likewise with his claim that the "failed" policy of the past was to rely only on tax cuts. Actually, the Bush administration also increased spending greatly, just as Obama now proposes. And since, as Obama told us a couple of days ago, all spending equals stimulus, isn't he once again emulating the policies of his predecessor, only carrying them to a new level?

That's a terrific point.