Bush was doing his very best to out-Democrat the Democrats. His handouts were the biggest. Medicare Part D, your own home, expansive war efforts. The man knew how to dole out cash.
Calling it "Democrat" seems a bit silly at this point, since there's pretty much NO history of Republicans being the fiscally responsible party. Sure, they're talking a good game now...but they ALWAYS talk a good game when it comes to reducing government spending. Reagan talked about small government more than anyone, and he ran up enormous deficits.
I don't blame either party in particular though, I blame the voters. The average person seems barely able to understand their own finances, much less government budgets. That's why in the midst or a pretty serious budget shortfall, Republicans aren't getting booed off stage talking about tax cuts.