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Asked by: Marioara Werdel
business and finance financial crisisWhat challenges did George W Bush face?
Long-term problems include inadequate investment in economic infrastructure, rapidly rising medical and pension costs of an aging population, sizable trade and budget deficits. Under the Bush administration, productivity has grown by an average of 3.76% per year, the highest such average in ten years.
Also know, what economic problems did George HW Bush face?
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.
Then, what did George W Bush do for the country?
American
He vetoed Food, Conservation, and Energy Act of 2008, Stem Cell Research Enhancement Act and 2 other legislations. During his presidency America withdrew from the Anti-Ballistic Missile Treaty and the Kyoto Protocol.