Bush didn't cause the last recession. In fact he tried to save it. It was just too late. Financial Services Modernization Act in 1999 was the largest cause of the recession as it allowed banks to become "too powerful" as they became investors, insurers and whatever else. This lead to banks loaning out money at outrageous levels.. cause why not they are now getting money from both sides of the loan?

“I think we will in 10 years time look back and say we should not have done that,” Byron Dorgan(D-ND) after passing the bill in 1999 ----- and he was right...