A Fiscal Liberal in the mold of FDR. Uses deficit spending to stimulate the economy in bad time in the hope that it will turn around.

A Fiscal Conservative like Herbert Hoover will decrease spending in hard times thus making hard times worse.

As far as I can see, there have been no Fiscal conservatives since Hoover.

Though Clinton at least produced a surplus, which the Republican Congress immediately tried to spend on earmarks, programs and tax cuts. Had Bush tried to cut the debt, he might have been able to call himself conservative.