He is wearing a presidency that he did not and has not earned so why should a medal be any different?
Bush photographed Wearing Air Force Award He Didn't Earn
By John Byrne
A closer examination of a photograph included in President George W. Bush's Air Force records, released by the White House earlier this year, shows then-Second Lieutenant Bush wearing an Air Force Outstanding Unit Award which he never earned.
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IAW AF Instruction 36-2803, THE AIR FORCE AWARDS AND DECORATIONS PROGRAM
All assigned or attached people who served with a unit during a period for which a unit award was awarded are authorized the appropriate ribbon if they directly contributed to the mission and accomplishments of the unit.
Additionally, there isn't a "temporary" wear of AF Outstanding Unit Awards for AF personnel.
So to finally solve the mystery of the Air Force Outstanding Unit Award, I contacted the Air Force History support Organization. I requested all dates of all awards of the Air Force Outstanding Unit Award received by the 147th Fighter Intercept Group and the 111th Fighter Intercept Squadron. The answer I received was shocking. This unit had received this award only once. The dates of the award are as follows quoting directly from the source at the AFHSO:
147th Fighter Interceptor Group AFOUA 1 Oct 73-30 Sep 75 DAFSO GB 164/77
111 Fighter Interceptor Squadron AFOUA 1 Oct 73-30 Sep 75 DAFSO GB 164/77
This states explicitly that the units received the Air force Outstanding Unit Award for the time period from October 1, 1973 to September 30, 1975. George W. Bush’s discharge date from the 111th FIS and the 147th FIG was October 1, 1973. Clearly, these units did not receive an award of the AFOUA until after George W. Bush had been discharged, and well after the date the photograph in question was taken.
This means, beyond a shadow of a doubt, that George W. Bush was photographed wearing a ribbon he clearly did not earn.