You seem to forget that Bush inherited a recession from Clinton (along with the ticking Fannie/Freddy time bomb he got from Carter), and the tax cuts lifted us out of that and into a period of prosperity. They also worked great for JFK, who I suppose you count as one of yours.

The free market solution to the failing economy is to let banks that screwed up fail. Banks that didn’t screw up and entrepreneurs will quickly fill the void.  Let auto makers that can’t survive fail.  Those that can will pick up extra sales and be strengthend, hiring some of the skilled workers from the failed enterprises.  Government can incentivize with tax breaks and research dollars, but its role should go no further.  Of course, if you prefer socialism, you can go the Obama route and start having the government own the tools of finance and production.