It is also much lower than the world average of 13 times forecast earnings.

WSJ: Why Italy Looks Cheap

That is slightly higher than the world average, but lower than in the United States and much of western Europe.

ECONOMIST: A bold, if fuzzy, proposal

But Bush held office for eight years, and economic growth over that time averaged only 2%, a point and a half lower than the post-World War II average.

FORBES: Market Movers -- Man Or Tide?