Term Paper: George W. Bush George Walker

Pages: 7 (2486 words)  ·  Bibliography Sources: 0  ·  Level: College Senior  ·  Topic: Terrorism  ·  Buy This Paper

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[. . .] The American nation was reminded of its vulnerability when the terrorist attacks of September 2001 killed around 3000 people on American soil. Consequently, the U.S. invaded Afghanistan, declared war on Iraq and kept, terrorist suspects prisoners at a naval base at Guantanamo Bay, a highly controversial action, both home and abroad.

A deep economic depression fell over the country that was impoverished by high economic losses on both the Iraqi and Afghan fronts. More and more people were disappointed by the high number of casualties in wars that did not seem to approach a foreseeable end. Powell once told the President that in the case he broke Iraq, he would own it. The fact was: the Iraqi were free of their dictator, but the efforts of stabilization and reconstruction were too often hindered by terrorist attacks in a country that seemed divided between religious factions, that fought against each other, sometimes encouraged by foreign support from neighboring countries such as Iran or Syria. Consequantly, no one was able to see what the real benefits for the Iraqi people themselves as well as for the entire world were after the deposition of Sadam and his regime.

Huge cuts in taxes on one hand and increased spending for the military and security forces, on the other, contributed to the country's plunging into economic depression. The real estate market offered relaxed conditions for the financing of a real estate property, which at some point created the conditions for a bubble that burst soon. Financial institutions that were apparently invincible reached the threshold of collapse and needed government bailout, adding to the real estate market disaster. The stock market was badly affected, people lost their financial support from the banks, their businesses, homes and jobs. As expected, the deeply hurt U.S. economy affected the global economy and produced a chain reaction.

Although, as early as 2000, some analysts were already signaling that the country was heading towards economic recession and GW Bush himself declared that: "I knew the economy was not in good shape right after I took office," he also added "We will do everything we can to enhance recovery" (Bush quoted by CBNN, Money, http://money.cnn.com/2001/11/26/economy/recession/). During his two terms, the American economy had its upside downs, but if by the end of his first presidential term, he enjoyed the confidence of a majority, towards the end of his second term, his popularity diminished exponentially.

The last economic recession affected the country's economy ten years prior to this new episode and some economists and analysts are blaming the terrorist attacks from 9/11 for the fact that the depression effects deepened and became more difficult to control. In 2002, the economic conditions in the U.S. began to improve and the GDP rose to 2,45%. The most liberal of the worlds' markets however needed government intervention when banks like Lehman Brothers, AIG, Wachovia, Bear Stearns, Washington Mutual and IndyMac Bank (Kimberly Amadeo, About.com, http://useconomy.about.com/od/criticalssues/i/2_great_depress.htm) nearly collapsed, credit markets were suddenly incapable of supplying the liquidities needed for businesses to function properly.

GW Bush's political opponents would be tempted to blame the deterioration of the economic situation towards the middle of the President's second term on his administration's bad economic and strategic decisions. The extremes in both praising and blaming Bush for everything that went well or wrong during the first eight years of the third millennium should be excluded from the start. His two presidential terms are still too fresh in memory in order for someone to clearly judge his bad and good decisions and analyze them through the objective lenses enhanced by the hindsight of history. His decision to start the war in Iraq is highly questionable at this point and while the fact that Iraq did not posses or produce weapons of mass destruction is now beyond a doubt, its potential implication in the support and protection of highly dangerous terrorist organizations is a question that will remain without an answer.

The 9/11 attacks gave an indisputable heavy blow to the American nation and left the world watching the symbols of invincibility and power being crushed to the ground or partially destroyed. Bush had to take extreme measures in response and the invasion of Afghanistan was one of them. While facts are clearly indicating that this decision had some positive outcome in the fight against terror, the invasion of Iraq was only confirming the impossibility to help a nation recover and step on the way to democracy without fully understanding its culture. The Americans and the other international forces that joined the U.S. In this war have not been able to find the right way to reconstruct a country that suffers the deep scars of a war it did not deserve.

Moens, Alexander. The foreign policy of George W. Bush: values, strategy and loyalty. Ashgate Publishing, Ltd., 2004

Bush, George Walker. A Charge to Keep. HarperCollins, 1999

George W. Bush Biography. Biography.com. 1996-2010A&E television Networks. http://www.biography.com/articles/George-W.-Bush-9232768?part=0

Retrieved: Feb 02, 2010

Dick Cheney Biography. Biography.com. 1996-2010A&E television Networks.

http://www.biography.com/articles/Dick-Cheney-9246063?part=1 Retrieved: Feb 02, 2010

Colin Powell Biography. General Collin L. Powell. Academy of Achievement. http://www.achievement.org/autodoc/page/pow0bio-1 . Retrieved: Jan, 31, 2010

Amadeo, Kimberly. Is the U.S. Headed Towards the Second Great Depression? About.Com: U.S. Economy. http://useconomy.about.com/od/criticalssues/i/2_great_depress.htm Retrieved: Feb 01, 2010

Lobe, Jim. The Bush Team Reloaded. Middle East Report, No. 234 (Spring, 2005), pp. 10-16 Published by: Middle East Research and Information Project

King, D.S. Edwards III, G.C. The Polarized Presidency of George W. Bush. Oxford University Press, 2007

Hamilton, W. Bush Began to Plan War Three Months After 9/11. Washington Post. April 17, 2004; Page A01 [END OF PREVIEW]

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