Economic policy of the George W. Bush administration

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This article is part of a series about George W. Bush
Political positions Electoral history Early life Professional life Family Public image Honors 46th Governor of Texas Governorship 43rd President of the United States Presidency timeline Transition Inaugurations first second Policies Domestic Economic Foreign Bush Doctrine international trips Space Climate change Legislation and programs Pardons Appointments Cabinet Judiciary Roberts Miers Alito First term September 11 attacks War on terror War in Afghanistan Patriot Act No Child Left Behind Act Invasion of Iraq Iraq and weapons of mass destruction Timeline '01 '02 '03 '04 Second term Hurricane Katrina Iraq War 2007 Iraq surge Dismissal of U.S. attorneys controversy Email controversy Great Recession Economic Stimulus Act Efforts to impeach Timeline '05 '06 '07 '08–'09 Presidential campaigns 2000 primaries convention debates election Florida recount Bush v. Gore 2004 primaries convention debates election Post-presidency Presidential library Bibliography Clinton Bush Haiti Fund One America Appeal
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The economic policy and legacy of the George W. Bush administration was characterized by significant income tax cuts in 2001 and 2003, the implementation of Medicare Part D in 2003, increased military spending for two wars, a housing bubble that contributed to the subprime mortgage crisis of 2007–2008, and the Great Recession that followed. Economic performance during the period was adversely affected by two recessions, in 2001 and 2007–2009.