First of all, most of that had to be done to keep the banks solvent as three of four of the largest banks in the U.S. were taking a noser started under the Bush administration. Secondly, the deficit rate is now lowering under Obama and the economy actually has done a good job of recovery even though it's not uniform across the boar
Of course, correlation is not necessarily causation.
The reasons the banks & other mortgage lenders got in trouble preceded Dubya.
The trigger, crashing planes on 9/11, even had origins beforehand in the policies of
prior administrations. Bush, a newly inaugurated president cannot be blamed for
the attack, or lack of precautions against such a thing. This was the beginning of
the economic slowdown which caused business contraction, job loss & pay reduction.
That in turn, led to delinquent loan payments, real estate value loss, loan defaults,
& finally lender failure.
I fault Bush for bad economic, security & regulatory policies. But we gotta be fair.
In this debacle, there's bi-partisan blame to go around for decades of politicians.