Changes

==Presidency (2001–2009)==

==Presidency (2001–2009)==

In foreign and security areas, Bush's terms included the 9-11 terrorist attack, the passage of the PATRIOT Act, the invasion of Afghanistan (2001–present) and Iraq (2003-present), the expansion of NATO to the Russian border, financial aid to fight disease (especially AIDS) in Africa, and improved relations with India. The Iraq war was the focus of intense partisan debate. While Bush had numerous domestic policy goals during his 2000 presidential campaign, the 9-11 attacks and their aftermath caused him to abandon much of it.<ref>Milbank, Dana (September 2, 2004). [http://www.washingtonpost.com/wp-dyn/articles/A54556-2004Sep1.html From His 'Great Goals' of 2000, President's Achievements Mixed]. ''The Washington Post''. Retrieved October 22, 2017.</ref>

In foreign and security areas, Bush's terms included the 9-11 terrorist attack, the passage of the PATRIOT Act, the invasion of Afghanistan (2001–present) and Iraq (2003-present), the expansion of NATO to the Russian border, financial aid to fight disease (especially AIDS) in Africa, and improved relations with India. The Iraq war was the focus of intense partisan debate. While Bush had numerous domestic policy goals during his 2000 presidential campaign, the 9-11 attacks and their aftermath caused him to abandon much of it.<ref>Milbank, Dana (September 2, 2004). [https://www.washingtonpost.com/wp-dyn/articles/A54556-2004Sep1.html From His 'Great Goals' of 2000, President's Achievements Mixed]. ''The Washington Post''. Retrieved October 22, 2017.</ref>

The 2002 midterm election saw a GOP gain of seats in the House of Representatives and governorships, However, the 2006 elections showed sharp GOP losses across the board and loss of control of the House for the first time since its capture in 1994. He played a minor role in the 2008 election, which the GOP lost.

The 2002 midterm election saw a GOP gain of seats in the House of Representatives and governorships, However, the 2006 elections showed sharp GOP losses across the board and loss of control of the House for the first time since its capture in 1994. He played a minor role in the 2008 election, which the GOP lost.

During this same time period, spending mandated by Congress has also increased by more than 29% in inflation-adjusted dollars, representing an 11.4% increase in federal spending as a percentage of [[Gross domestic product|GDP]]. This spending has doubled the federal debt, increasing it from 58% to 66% of GDP. Defense spending increased 61%, and non-defense by 23% during the eight years since 2000.  The largest non-defense spending increase has been for federally-funded medical expenses, at 54 percent.<ref>[http://www.aier.org/research/commentaries/750-big-government-under-the-bush-administration Big Government Under The Bush Administration], AIER, 16 November 2008</ref> In total, Bush has increased government expenditures by the largest percentage of any president since Lyndon Johnson.<ref>[http://www.tampabay.com/news/politics/national/article944806.ece Some think Bush was too liberal], Wes Allison, Tampa Bay Times December 21, 2008 quoting Gleaves Whitney, director of the Hauenstein Center for Presidential Studies at Grand Valley State University and author of a new paper, "Anatomy of a Divorce: Conservatives versus George W. Bush."</ref>  

During this same time period, spending mandated by Congress has also increased by more than 29% in inflation-adjusted dollars, representing an 11.4% increase in federal spending as a percentage of [[Gross domestic product|GDP]]. This spending has doubled the federal debt, increasing it from 58% to 66% of GDP. Defense spending increased 61%, and non-defense by 23% during the eight years since 2000.  The largest non-defense spending increase has been for federally-funded medical expenses, at 54 percent.<ref>[http://www.aier.org/research/commentaries/750-big-government-under-the-bush-administration Big Government Under The Bush Administration], AIER, 16 November 2008</ref> In total, Bush has increased government expenditures by the largest percentage of any president since Lyndon Johnson.<ref>[http://www.tampabay.com/news/politics/national/article944806.ece Some think Bush was too liberal], Wes Allison, Tampa Bay Times December 21, 2008 quoting Gleaves Whitney, director of the Hauenstein Center for Presidential Studies at Grand Valley State University and author of a new paper, "Anatomy of a Divorce: Conservatives versus George W. Bush."</ref>  

Bush presided over a period of unreal economic growth that reflected a bubble that burst in 2008. The [[housing bubble]] allowed people to cash in the rising value of houses; low-interest rates that led to massive borrowing. Money flowed into the U.S. from around the world. The stock market that hit a record high in 2007, then plunged relentlessly downward, losing $8 trillion in value in 2008. Unemployment hit an all-time low in March 2007 but started rapidly increasing after January 2008. Bush signed into law a minimum wage increase, one of the platforms for the Democrats in the 2006 Congressional elections, after the House and Senate included Bush's request of provisions for small-business tax breaks.<ref>[http://www.washingtonpost.com/wp-dyn/content/article/2006/12/20/AR2006122001784.html Bush Supports Democrats' Minimum Wage Hike Plan], [[Washington Post]]</ref><ref>[http://www.washingtonpost.com/wp-dyn/content/article/2007/01/10/AR2007011001666.html House Passes Increase in Minimum Wage to $7.25], [[Washington Post]]</ref> Tax policies have been favorable to reducing the [[Capital Gains Tax]], with a subsequent surge in investment.

Bush presided over a period of unreal economic growth that reflected a bubble that burst in 2008. The [[housing bubble]] allowed people to cash in the rising value of houses; low-interest rates that led to massive borrowing. Money flowed into the U.S. from around the world. The stock market that hit a record high in 2007, then plunged relentlessly downward, losing $8 trillion in value in 2008. Unemployment hit an all-time low in March 2007 but started rapidly increasing after January 2008. Bush signed into law a minimum wage increase, one of the platforms for the Democrats in the 2006 Congressional elections, after the House and Senate included Bush's request of provisions for small-business tax breaks.<ref>[https://www.washingtonpost.com/wp-dyn/content/article/2006/12/20/AR2006122001784.html Bush Supports Democrats' Minimum Wage Hike Plan], [[Washington Post]]</ref><ref>[https://www.washingtonpost.com/wp-dyn/content/article/2007/01/10/AR2007011001666.html House Passes Increase in Minimum Wage to $7.25], [[Washington Post]]</ref> Tax policies have been favorable to reducing the [[Capital Gains Tax]], with a subsequent surge in investment.

See [[Financial Crisis of 2008]] and [[Recession of 2008]],

See [[Financial Crisis of 2008]] and [[Recession of 2008]],