Bush inherited a recession from Clinton which became worse after 9-11 due to the democrats cutting defense spending during the Clinton years. Bush’s tax cuts then led to a spectacular recovery which lasted until the crash of 2008. This crash was caused by the newly elected democratic majority in congress, the housing bubble blown up by democrats, and the realization that a democrat would get elected to the presidency.
I just want to focus on one part of this silly rewrite of history. The boom from 2002-2007 and the following bust were ONE EVENT. Therefore if you are going to blame the democrats for the bust you have to credit them for the boom. Personally I put the blame around 50-50.The idea of crediting the republicans for the boom and blaming the democrats for the bust requires the ingestion of large amounts of kool-aid.
Don’t get me wrong. I can’t stand democrats either, in fact I think they are significantly worse then the republicans. But the republicans are still quite bad and more hypocritical than the democrats.