Bush Institute launches book on economic growth

Associated Press Modified: July 17, 2012 at 9:16 pm •  Published: July 17, 2012

DALLAS (AP) — Former President George W. Bush said he wants his institute, which Tuesday released a book featuring experts weighing in on ways for the U.S. to jumpstart the economy toward 4 percent gross domestic product growth, to be an "action-oriented" place.

"We're very much involved in action-oriented programs," Bush told the about 200 people gathered for the release event for the George W. Bush Institute's first book.

Bush's brief speech was followed by a panel discussion with several of those who contributed to "The 4 Percent Solution: Unleashing the Economic Growth America Needs."

"We believe that we can do better in growing our economy," said Bush, who wrote the book's foreword.

He added, "My view is that we'll never fix the deficit without growing the private sector."

Bush also spoke about a trip he and former first lady Laura Bush took earlier this month to promote a partnership between the institute and other organizations to fight cervical and breast cancer in sub-Saharan Africa. The trip included a stop in Zambia to help renovate a women's cancer screening center.

"I wanted the message to be, it doesn't matter what your status in life is. You're never too proud to handle a paintbrush," he said. "I ended up with more paint on me than on the wall."

James K. Glassman, executive director of the Bush Institute, has said that the book — which includes entries by five Nobel Prize winners — is part of "The 4 Percent Growth Project" launched last year with a goal to "change the conversation in America so that it focuses on the goal of sustainable, strong growth."

"We think that the way to solve the economic problems that America faces can be summed up in 4 percent growth. Right now we're growing about at 2 percent. We've grown an average of about 3 percent since the end of World War II," said Glassman, who wrote the book's introduction.

Economic growth is one of the Bush Institute's focal points, along with education, global health and freedom. The institute and the presidential library will be housed at the George W. Bush Presidential Center, which is under construction on the campus of Southern Methodist University.

Continue reading this story on the...