Answer:
One of his first acts as “president” was to throw away the budget surplus he inherited from his predecessor Bill Clinton
After immediately erasing the surplus, he went right straight to work creating a deficit by enacting tax cuts for the rich. At that point, the economy was in peril because he borrowed the money to pay for the deficit
From there, he allowed Wall Street and the Banking Industry to conduct the greatest economic fraud the world had ever seen, specifically, the Real Estate Mortgage bubble
Then the Twin Towers were bombed thanks to the inaction of his administration even though they had ample warning of impending attacks
So he started a war to “punish” the “terrorists”. He did not raise taxes to pay for his war. This increased the deficit, and required more borrowing, but he hid this reality from the public
His poll numbers began dropping like a rock because the economy was in trouble, and his war seemed to be an exercise in futility. So he lied to the public, blaming Iraq for 911, convincing many that Saddam Hussein was going to attack us with nuclear weapons, and that such an attack was imminent. This led to yet another war, and more deficit spending, resulting in even more increases in the national debt. He continued pretending that none of these ruinous decisions were negatively affecting the national debt.
In order to make the public think that he was a “leader” keeping us “safe” from our many enemies, he institutionalized the torture of prisoners taken in these unjust wars. The torture was carried out in the name of the US citizens, We all share the guilt for his lust for war.
The economy finally collapsed thanks to the massive national debt, and the collapse of the Mortgage Industry brought on by his economic fraud, and of course, his wealthy cronies who were benefiting exponentially by both his wars and his economic policies, slapped the bill for the economic collapse, on us, the decent citizens of the country.
The economic collapse wiped out the dreams of millions of American Workers whose entire retirement was tied up in 401k’s and IRAs that became worthless overnight. They had to cash out to survive because their jobs were eradicate when the economy collapsed. Many more millions of Americans lost their homes at the same time, as houses they had bought also lost most of their value leaving them in unmanageable debt.
And through it all, Bush refused to raise taxes, which made the effects of all of this even worse on those who were not wealthy to begin with.
Step-by-step explanation: