One could argue that that worked well when Clinton was in office, but you can’t really compare Obama the ideologue with Clinton the pragmatist. Clinton actually moved towards the center, where Obama is incapable of it.
Assuming Obama does win next time around, that would still be a disaster, since doing nothing about reducing the size and scope of government (you know he will veto any bill which tries) would be almost as bad as increasing it at this point.
So the short answer is: NO!
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