Can we thank President Bush for coming up with the idea of ARMs (sub prime loans ) to stimulate the US economy

Answer 1

ARMs really came about during the Carter administration when mortgage rates got above 20%. But of course you wouldn't know nor care to understand facts and history.

Answer 2

No. Not every problem is Bush's fault. We can thank the overpaid geniuses on Wall street for the debt crisis. All Bush did was cut their taxes.

Edit: Stockman is right. ARMs have been around for a long time, and are not the problem. The debt crisis was caused by giving mortgages to buyers who could not make their payments, and then turning them into securities, making the liquidity of the financial system dependent on the payments.