The problem was not Bushs creation,but certainly his lack of outrage and failure to expose the Depth of this problem as well as the rest of the republican establishment IS to blame. Just as Bush let Himself get Hammered for 8 years,and not defend the Right side ,led us to the Marxist we have now.
Ihave spoken to some democrat relatives for years about this,telling them that the CRA was responsible for this and they just laugh,they never heard of it and just say,yeah,sure it was Bush, his wars and tax cuts,they dont have a Clue.The fault is the Lap Dog Main Stream Media,as well as The Republican Establishment which has given up the fight and Joined the Dark Side.
Bush just happened to be president when the world went through a serous cyclical deflation and deleveraging. Bush wasn't perfect, but a president can't be held responsible for an international economy. It's too big.