Why Are We In A Financial Crisis?

We have had tax cuts, economic stimulus packages galore, and rebate checks. All from the Bush administration and Congress. So, why are we hurting?

From Economic policy of the George W. Bush administration:

During his first term, George W. Bush sought and obtained Congressional approval for tax cuts: the Economic Growth and Tax Relief Reconciliation Act of 2001, the Job Creation and Worker Assistance Act of 2002 and the Jobs and Growth Tax Relief Reconciliation Act of 2003. These acts decreased all tax rates, reduced the capital gains tax, increased the child tax credit and eliminated the so-called "marriage penalty", and are set to expire in 2011.

President Bush tried to calm turmoil in financial markets on March 17, 2008, by saying that his administration is "on top of the situation" in dealing with the slumping Economy of the United States. Bush and Congress had responded to signs of a slowing economy with the Economic Stimulus Act of 2008 on February 13.

Since he first took office President Bush has been working on the economy. How’s he doing so far?

Should anyone pay attention to Bush anymore? Does he have any credibility left at all?

Let’s not forget his little wars.

From Bush Economic Policy Caused Crash:

…for every $400 spent worldwide, $1 of it was spent by the US on the Iraq war. I'm not sure anything personifies waste more than that statistic.

“…we, alongside the mujahedin, bled Russia for ten years, until it went bankrupt and was forced to withdraw in defeat... So we are continuing this policy in bleeding America to the point of bankruptcy." Osama bin Laden

Could it be possible that President Bush has been wrong about the economy for eight years?

Update:
Perhaps the solution to the financial crisis is under Bush’s desk. Has he looked under there recently?