When the Republican Party hijacked the Whig party under Abraham Lincoln, it was known as the party of big government. The Democratic Party was the party of the common man who wanted limited government involvement in trade and finance.
By the 1970's the two parties had reversed roles, and as we know, today the Democrats are known as the "tax and spend" party.
But is this still true? I think the following chart may reveal that the parties have reversed roles again.
What do you think?