USA HISTORY

Detailed explanation-1: -Economic performance overall suffered as a result of the 2001 and 2007–2009 recessions. Real GDP growth averaged 1.8% from Q1 2001 to Q4 2008. Job creation averaged 95, 000 private sector jobs per month, measured from February 2001 to January 2009, the least of any president since 1970.

Detailed explanation-2: -Bush administration include income tax cuts in 2001 and 2003 and a subprime mortgage crisis in 2007-2008 that led to a period known as the Great Recession. Some major themes of President George W. Bush’s economy policy include economic stimulus, job creation, economic growth, and fiscal responsibility.

Detailed explanation-3: -A decisive event reshaping his administration was the terrorist attacks on September 11, 2001. In its aftermath, Congress created the United States Department of Homeland Security and Bush declared a global war on terrorism.

Detailed explanation-4: -During his early 2002 State of the Union Address, Bush set forth what has become known as the Bush Doctrine, which held that the United States would implement a policy of preemptive military strikes against nations known to be harboring or aiding a terrorist organization hostile to the United States.