The Obama administration claims that it was their passage of massive government spending that saved the United States from another Great Depression. Last week, Larry Summers, Obama's top economic adviser, claimed that because of the stimulus: "We have walked a substantial distance back from the economic abyss and are on the path toward economic recovery. Most importantly, we have seen a substantial change in the trend of job loss." And Vice President Biden declared at the end of September: "In my wildest dreams, I never thought it [the stimulus] would work this well." As President Obama and other Democrats have...