At a Presidential Town Hall Meeting at the University of Maryland, Obama described FDR as being fiscally conservative.
Franklin Delano Roosevelt implemented the New Deal and many other social programs. Ignoring the Constitutional and Bill of Rights limitations of the role of the federal government, Roosevelt’s administration resulted in the largest expansion of the federal government and government expenditures at the time.
Now Obama is calling FDR a fiscal conservative and using him as his model. And holding true to his hero, Obama has also rapidly expanded the federal government in size, power and spending. Health care, financial reform and the federal bail out has resulted in the largest two year increase in the federal government and its budget, surpassing his hero FDR.
How did FDR pay for his increase in government? He raised taxes on income and businesses. How does Obama want to pay for his massive deficit? Raise taxes on income and businesses.
There is no doubt that Obama is doing his best to follow in the footsteps of his hero.