I think either someone is feeding you total bull**** interpretations of stated "plans", or you are reading something wrong.
Otherwise, he would be the first Democratic president in I don't know how long, to actually increase the deficit.
That's right, for all of the Republican blustering about Democrats spending on this or that, it is well documented that over the last century, every economic indicator is better under a Democrat, than under a Republican.
What do our presidents "increase", in the economy?
Democrats =
GDP
Taxes
Social Programs
Public Works (important, increases jobs while building infrastructure)
Republicans =
Inflation
Unemployment
Deficit
Spending (where? pork?)
For your dining pleasure -
http://www.slate.com/id/2199810/