I disagree. Had both Bush and Obama failed to act to increase government spending in late 2008 and in 2009, there would be *no* economy. To look for boom when the goal was saving our arses is a bit of a misdirect.
Tom is correct in his assessment. On prior spending, I'll quible some with Obama and Bush in how we spent the dollars, but they needed to be spent, and pronto.
Where we really have to pay attention is the rhetoric from the right. We've had 30 years of trickle down logic, and all we've gotten for the effort is a trickle. Tax rates at the highest levels are low and can stand increase, but as Tom suggests, I'd phase them in.
Cutting SS and Medicare should be a non-starter. We can do a lot more by shifting our health care model.
Is this what you would do in your own house if your bills started to go up and your income went down?