By James Pethokoukis –
Bill Clinton will make the case here tonight that Obamanomics is just an updated version of 1990s Clintonomics. President Obama frequently suggests much the same thing. What’s funny strange, of course, is that the only part of Clintonomics that Obama seems to really like is the tax hikes. Certainly not the welfare reform or the lower government spending. You never hear much about that stuff — or how Clinton deregulated the banks.
Moreover, Obama has criticized the pro-market turn in U.S. economic policy that begun under Reagan and continued under Clinton. Here a key bit from Obama’s speech late last year in Osawatomie, Kansas: