Nevertheless, your theory is discredited by the fact that GDP currently
stands at a figure that is almost 11% higher than when Bush took office.

Maybe your primary residence is more clever than mine, or anybody else that I
know. Most of our houses haven't "produced" a darn thing (as in "gross domestic
product") yet the spike in selling prices (not to be confused with values)
inspired by the temporarily low interest rates is reflected in the GDP numbers.

Without the artificial "product" of escalating real estate prices (further
splitting the haves and the have-nots in this country) the GDP number would
reflect actual economic "growth" and would most likely be a negative number.