Its Bush’s fault...
“Its Bushs fault...”
In a way, yes. He certainly didn’t mind the bubble building and building, as it masked what should have been a severe recession.
Just per the article, some $800B out of an economy of around $12T was fake (i.e., unsupported) borrowed money.
Now we pay the price...and may pay for DECADES.
As president, there was certainly a lot that Bush could have done (starting with using the bully pulpit), so I am far from giving him a free pass.