As the [[Financial Crisis of 2008]] smashed into the banking system and the nation plunged into the [[Recession of 2008]], Bush responded by proposing a massive aid program of $700 billion to banks, and loan guarantees amounting to the trillions of dollars. Conservatives were dismayed as he proposed a traditional [[Keynesian]] [[stimulus]] which Democrats lauded. Above all, he made one of the most dramatic federal interventions in American history by his aid to the financial system. Bruce Bartlett, a Republican economist, says, "Bush clearly is not a Reaganite or "small 'c' conservative." | As the [[Financial Crisis of 2008]] smashed into the banking system and the nation plunged into the [[Recession of 2008]], Bush responded by proposing a massive aid program of $700 billion to banks, and loan guarantees amounting to the trillions of dollars. Conservatives were dismayed as he proposed a traditional [[Keynesian]] [[stimulus]] which Democrats lauded. Above all, he made one of the most dramatic federal interventions in American history by his aid to the financial system. Bruce Bartlett, a Republican economist, says, "Bush clearly is not a Reaganite or "small 'c' conservative." |