GWB inherited a business spending crisis, and an investment crisis, largely the creation of Alan Greenspan, though triggered by the Y2K boom and bust. The problem is that GWB and people like you thought it was a consumer spending recession, and that the stock market was doing OK.
You throw around your self-defined terms like "business spending crisis" as opposed to "consumer spending recession" as if there is some humunguous difference.
In today's entrepeneurial world with a large portion of GNP growth coming from proprietary start-up businesses, there is scant difference between the two terms.
Sure there are business expenditures (large ticket items) like a GE turbine-generators or a Catapillar's earth mover, but the large portion of growth comes directly from small family-owned businesses just getting off the ground.
And those type businesses have been doing quite well, by the way.
Bottom line: GWB inherited a shrinking economy, devastated by the 9/11 attacks and the the corporate governance scandals (which Clinton"s SEC ignored), and he turned everything to the good, with GNP growth nearing 5-percent annually.
Not bad for a "clueless" man, huh?