From the Reliable Source:

It sounded like open-mike night at the Improv on Saturday night as President Bush cracked up the crowd of panjandrums at the Alfalfa Club dinner.

On former secretary of state Jim Baker: “Jimbo’s been going around getting countries to forgive Iraq’s debt. Next, I’m going to send him out and see what he can do about ours.”

“But what a stellar crowd,” Bush continued. “It looks like the index of Paul O’Neill’s book. Let me say something about that book. Paul said I was disengaged because he talked to me for 45 minutes and I didn’t say a word. I wasn’t disengaged. I was bored as hell and my mother told me never to interrupt. . . .

“I feel especially good tonight. The economy is coming back. We’re creating new businesses. Just the other day, I read that Pete Rose and Bill Bennett are opening a casino.”