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However, an attempt to privatize the Social Security program was unsuccessful in his second.

Apr 28, The story of George W. Bush is a Shakespearian tragedy played out in real time. A man born of privilege who achieved the American Presidency through the assistance of clever but unscrupulous advisors like Karl Rove and Dick Cheney and a spineless and servile mass media that allowed itself to be manipulated into supporting an unnecessary and Estimated Reading Time: 4 mins.

President George H.W. Bush famously avoided discussing his “legacy.” But in the wake of his passing late last year, it’s timely to recall what has become clear to historians: the Bush 41 Administration left a profoundly positive legacy in economic affairs, just as it did in geopolitics.

From Recession to Collapse: The Bush Administration and the Over-Valued Dollar 1 Introduction Accounts of the economic policy in the George W. Bush administration usually center on the tax cuts in his first year in office and the economic collapse in his last year, a result of his failure to effectively regulate housing finance. Under George W. Bush, government spending on publicly owned projects – roads, ports, bridges – was to be kept at a minimum or left to local governments, except for military projects for the sake of national security.

As president, Bush was to ask no sacrifices from the upper or middle class for military operations in Afghanistan and Iraq. In the early s, George H.W. Bush was faced with growing economic insecurity.