I've insulted Bush and his merry men so many times that I'm surprised the CIA and FBI haven't come after me. It really makes one wonder how they can run the world's only superpower without laws to protect leaders and civil servants from insult. Compare that with Singapore where we have the right laws in place to arrest people who insult our civil servants and bankrupt those who defame our leaders. As Bush is not protected by such laws, I'll proceed to insult him for the way he handled the economy.
When Hillary's husband left office, he put the US economy on track to balance the budget, narrow the trade deficit and with sufficient to fund the retirement of the baby boomers. After 8 years of Bush-nomics, all that has changed. US is heading for bankruptcy. No, this is not a theory by a doomsday economist or a bunch of conspiracy theorists - the person who is saying this is the US Comptroller General who is the accountant for the US govt. To appreciate what is wrong, you should listen to him yourself:
The US is already the largest debtor nation in the world at some point in the not so far future, it will only be able to afford to pay for the interest on its debt. While Bush is not solely responsible for this situation, he hammered the last nails in the coffin. Given the recent subprime crisis and credit crunch, the last opportunities to solve this problems are probably gone as the balance sheet of the US govt is further decimated to solve the short term but severe economic problems.
The problem started many years ago when the US started having persistent twin deficits - the budget and trade deficits. To fund these deficits they issued treasury bills and the Asian govts like the China & Japanese were willing buyers given their huge trade surplus. This is the equivalent of the shopkeeper lending money to a customer to keep buying his goods. At the same time, the social security obligations of the US govt started to grow and they attempted to correct this during Regean's era by imposing a payroll tax. This that was suppose to fund the retirement of baby boomers in the next few years, however, the money is all gone! The US govt borrowed against the social social and now it is pretty empty just when it is needed to fund the retirement thus large batch of American retirees. When Bush entered office, these were difficult problems but not intractable. The Bush Administration took the stand that 'deficits don't matter' and proceeded to cut taxes for the rich, fight a useless war, increase defense spending and put America on a long term trajectory to fiscal disaster.
Many are saying that Bush is clearly the worst president ever for fighting a war on a false premise but it is his economic policies that will cause long term pain to Americans. The book by Paul Begala, "It's Still the Economy, Stupid" was written in 2002...it was considered a scathing criticism of Bush's economic policies at that time but 6 years later the economy turned out to be far worse that the book predicted.