Why did the economy expand under Bush the Lesser? Deficit spending. Taxes were cut, two wars were begun with no – that means ABSOLUTELY no – provision made to cover said deficits. Righty Cheney SAID ‘deficits don’t matter’ and proceeded accordingly. The debt based economy expanded until… well, Bush the Lesser gifted us with the deepest and most dangerous recession since the Great Depression. Hello?-How’s about a little accuracy from the so-often-wrong right side of out National Peanut Gallery?? Going forward might actually be POSSIBLE then.