Over at my favored conservative haunt, Victor Davis Hanson argues that Obama, while posturing himself in opposition to the Bush economic record, is actually proposing “more of the same.” This requires Hanson to say that Bush’s primary economic sin, and the cause of the economic meltdown, was “reckless Keynesian spending.” But whatever one thinks of Bush’s spending practices, they had little to do with the economic crisis, and while opposition to that which did cause the crisis is not really relevant to the stimulus-package debate, it’s nevertheless an understandable political posture. Hanson seems to think that “reckless” spending was the only defining characteristic of the Bush economic policy, but obviously Obama, in rejecting that policy, could be and is referring to a whole package of policies.
