Bush may get a lot of blame on the economic crisis now and opinions on Iraq are on the low ebb because the WH decided to let our old enemy regrow in Syria and reinvade Iraq.
But, honestly opinions are quite fluid, I have the feeling that Bush will get a very big re-evaluation over time because of his second term which was quickly frankly far better in terms of leadership and decision making turn the first.
Bush's was a vastly better President in his second term then first and this will come off much better over the next 20-30 years as the history gets re-written.
I disagree with that. Outside the Iraq surge, his second term was an absolute failure - maybe the worst second term of any modern president.
There was the government's response to Katrina, which, while not fully the fault of his administration, still dominated much of his early second term presidency. That response, or lack thereof, in a heavily black city, didn't play well - and time won't change that. It'll always be remembered as a blemish for the country, both at the state and federal level.
Bush was unable to pass immigration reform, despite a groundswell of Democratic support in 2007. Support included Bush, Harry Reid, Arlen Specter, Ted Kennedy, John Kyl, John McCain and Lindsey Graham. He helped craft the bill and it failed even with its bipartisan support because the President couldn't round up enough of his own party's support to get it through.
Despite the surge's success, there is still a strong question about whether Bush had any viable exit strategy out of Iraq, which has proven itself in the last few years. There was still no end game for the U.S. and while many Republicans bemoan the fact Pres. Obama followed through with pulling out troops, the idea that the United States could continue high troop levels in the region, sustain that, is just not realistic. Iraq will always be an issue, especially with the growth of ISIS over the years, and I doubt history will be kind to Bush in that regard.
Moreover, while Bush doesn't deserve a brunt of the blame for the economic meltdown, he was president when it happened - and not just into his presidency, either. This isn't a situation where the bottom fell out just mere months into his first term, like, say, with Herbert Hoover, rather it happened at the end - which makes it that much more difficult for him to escape blame. Sure, there are many reasons the economy collapsed but Bush will be at, or near the top, in every reference solely because of how ingrained his presidency was in the recession.
Most of all of Bush's best defining moments happened in his first term - his tax cuts, Medicare Part D, his initial response to 9/11. Granted, Iraq was a first-term blunder, and something that will follow his legacy forever, but much of the damage of Iraq came in his second term.
He also failed with Social Security reform in his second term, which really got things off to a rocky start as it was his first major legislative push of that second term. Then there was scandal. From Valerie Plame, to wiretapping, to the aforementioned Katrina.
None of that will bode well for the history books. A one-term Bush avoids all of that, though. In the end, I think Bush will be remembered very similar to Carter and, let's be honest, despite the passing of time, Carter is still considered, by both Americans and many historians, a failure of a president. Fairly or not.