Let's break it down for you: First, Muslims deny the divinity and resurrection of Jesus Christ; such a belief is blasphemous to them. Second, President Bush, an avowed Christian, has nevertheless proclaimed that Muslims worship the same God that Christians do. Third, (ignore that mincing, pinching lobster in your shorts), Bush is straightly implying that Muslims acknowldge the divinity and resurrection of Jesus Christ. Therefore, and fourth, Bush has not commended Muslims--he has accused them of blasphemy.
Again, the wiser position for Bush to have taken is: "I know which God I worship. Let each man judge for himself which god, if any, he worships. Whatever that answer, let each man strive to live at peace with his neighbor."
Instead, he makes a silly "ex cathedra" proclamation to the world that is not only false as to both religions, but insulting to the religious believers he is seeking to placate.
I believe that even you could have handled the question with better circumspection. But then you would have found some other way to insult them.
Only in your imagination, friend.