THE NEW ERA OF SPEND AND BLAME: “After running a campaign against the $1 trillion deficit he ‘inherited’ from President Bush and the Republicans, Obama quickly matched it. During his first 50 days in office, he and his Democratic-controlled Congress spent $1 billion an hour. Under Obama’s proposed budget, the overall national debt doubles in five years and triples in 10.”

UPDATE: “Rather than making a clean break with Bush’s failed economic policies, Obama is doubling down on them.”