One would think that an impending “new Red Menace” would rank near the top of the priority list, but it didn’t
The reason it didn't is because Bush had his hands more than full prevailing in Iraq.
The Red Menace came in with a vengeance not with TARP which is largely paid back but with the huge new entitlement called Obamacare, with more on the way under our current socialistic leadership.
Bush had his own new medical entitlement that had nothing to do with national security. Bush was a big spender, and the idea that his budget director is going to come in and save us all now is laughable.