Trying directly to compare and contrast two different economies such as the UK’s and US’s is tricky. Nonetheless, many, especially on the left, have pointed to Obama’s policies — and the relative success of the US economic recovery — as evidence that the Coalition’s supposedly more extreme austerity policies are therefore flawed.

Yet it’s hard to square this direct comparison with reality. In fact, Obama cut federal spending by 0.9 per cent in real terms from 2010/11 to 2011/12, identical to the UK’s average real term cuts across this parliament. And, as this graph shows, the US deficit reduction plan is forecast to be ‘faster and almost as far’ as the UK’s:

(Graph from The Spectator; no live web-link.)

Fiscally, then, there is more similarity between the US approach and the UK’s. If you want to look for an Obama comparison that holds, you’d be better placed looking at the similarities between his taxation policies and those of the Lib Dems.