The Iraq war alone has not only cost so many unnecessary lives and bad will from the rest of the world (and blocking our ability to get international anti-terrorist cooperation), but it's so far cost every man, woman, and child in this country $1,500 apiece. Tax cut nothing.
And the great irony is that by grossly inflating the U.S. debt to record levels and essentially pushing our nation's credit rating closer to junk bond status, the U.S. dollar has plummeted in market value on the world market as a greater risk. And thus, Bush has essentially aided the terrorists by ensuring that their foreign funding sources go further against the declining U.S. dollar. :doh:
As for immigration reform, that's just a smokescreen for the real problems in this country.