Bush, a Republican, took office following a very close victory over Democratic incumbent vice president Al Gore in the 2000 presidential election. Four years later, in the 2004 election, he defeated Democrat John Kerry to win re-election. Bush, the 43rd president, is the eldest son of the 41st president, George H. W. Bush. He was succeeded by Democrat Barack Obama, who won the 2008 presidential election. The Bush administration's response to Hurricane Katrina and the dismissal of U.S. attorneys controversy earned wide coverage, and his second term saw a drop in his approval ratings. A global meltdown in financial markets dominated his last days in office as policymakers looked to avert a major economic disaster, and he established the Troubled Asset Relief Program (TARP) to buy toxic assets from financial institutions. Bush's approval ratings ran the gamut from high to all-time record low. Upon leaving office the final poll recorded his approval rating as 19%, a record low for any U.S. president.
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