US Recession started in .....
The US recession started in 2007
Not one republican politician has disputed this fact. You want to know why Bush asked for 700 billion ? ....because the writing was on the wall, the economy was going to have a major problem, this is why Bush asked for 700 billion, and this is why Obama voted for it.
Even the republicans that voted against both stimulus bills admit there was a large financial problem in the making.