No, Bush was too stupid to understand what he was doing.
The goal of the housing bubble was to secure Bush re-election in 2004 so he could then destroy Social Security in his second term, after already nearly destroying Medicare in his first.
People were warning about this, including Barney Frank, but they were ignored because...HEY LOOK AT HOW THE ECONOMY IS DOING NOW! TAX CUTS MUST BE WORKING! NOT THE FACT THAT EVERY SINGLE PERSON WITH A PULSE COULD GET A HOME LOAN, NO IT WAS THE TAX CUTS THAT DID THIS.
That capitalized above is a paraphrasing of Bush during his re-election campaign in 2004:
Bush Ties Policy to Record Home Ownership
https://www.foxnews.com/story/bush-ties-policy-to-record-home-ownership
He was 100% right...the housing market was an effect of the tax cuts...except it's not the housing market or effect he thought it would turn into.
I never said they were smart...just greedy and power hungry and they preyed on people like you to carry faulty
racist economic beliefs for them. Like you're doing right now, arguing that tax cuts have no effect on anything.
Well OK, if they have no effect on anything,
then let's fucking repeal them. Can I count on your support for that?