Tax policy is just one aspect of managing the economy. The current stock market woes are a result of the housing crisis and high energy costs among other factors.
Bush's tax cuts have been just as successful as the ones in the 1920s, 60s and 80s.
GDP grew at an annual rate of just 1.7 percent in the six quarters before the Bush tax cuts. In the six quarters following the tax cuts, the growth rate was 4.1 percent.
The economy lost 267,000 jobs in the six quarters before the Bush tax cuts. In the next six quarters, it added 307,000 jobs, followed by 5 million jobs in the next seven quarters.