Was the economy not pretty decent during Bushs tenure?
During Bush's tenure the economy was being propped up with libertarian magic dust.
The financial services "industry" had just been deregulated which allowed these financial services companies to make a killing selling snake oil. The snake oil allowed banks to sell a ton of mortgages to people who couldn't afford them which created demand in the home ownership market. This raised the value of everyone's homes leading them to believe they were worth more than they actually were worth, so these people spent money they didn't have based on the believe they owned fictitious home equity. Basically, it made American home owners appear rich on paper, when they were actually in debt and underwater but didn't know about it.
So yes, the economy did very well, but it was a fraud based economy. When you combined that with unprecedented action of spending debt to give tax cuts to the rich while the country was in two wars and it was a time bomb waiting to go off.
Did Bush personally make people take loans they couldn't afford to pay back?
That's a simpletons way of looking at it.
Part of Bush's job as president was to keep an eye on the economy. The single biggest financial fraud in the nations history happened on his watch. It was his job to detect that fraud and stop it before it got out of hand. He failed.
And it wasn't just about people buying homes they couldn't afford. That could not have happened in the 1990s or before. Banks would not have handed out these loans because before Bush, banks would have been financially responsible for these loans. But thank to financial deregulation, we gave the banks the "freedom" to sell then bundle these bad mortgages and we gave Wall St the "freedom" to sell them as safe investments. It was libertarianism at it's finest. Everyone was free to do what they wanted. It turns out what they wanted was the freedom to defraud the public out of trillions of dollars.
Also the second part of this scam was it made people believe they were worth more money than they actually were worth, so they spent more money than they actually had. You can't blame people for doing this, since on paper, they actually did have this money. If you take out a mortgage for an investment property for $250k, and a few years later you still owe $200k on the property, but now the property is worth $500k, it's a pretty reasonable assumption that the mortgage holder now owns $300k worth of equity on the property. Because they did. So it's not unreasonable to spend $100k. But when the bottom fell out on those fraudulent housing prices that $500k home became worth $200k, and now the mortgage holder went from owning $300k in equity, to -$50k in equity, owing more on the property than it is actually worth.
Now that has nothing to do with people buying homes they can't afford. That has to do with commercial banks and Wall St defrauding the public. They made it appear that these homes were worth way more than they actually were. They told people that they had more money than they actually had. Many people who at the time were told they were living within their means actually were not doing so because they had been defrauded.
Not saying the guy was perfect (far from it), but has Barry not totally stuffed it down the pan for your kids and grandkids when they have to repay his debt?
The difference being that Bush spent money we didn't have during a healthy economy, when we should have been paying off that debt. It's impossible to balance the budget during a recession because revenues are down. You'd have to disband the military and end social security to balance the budget during a recession. You need a healthy economy to pay down debt. Obama has never had that opportunity.