"President Bush is smarter than almost every one of you. I am not kidding. You are quite an intelligent group. Don't take it personally, but President Bush is smarter than almost every one of you. Were he a student here today, he would consistently get 'HP' grades without having to work hard, and he'd get an 'H' in any class where he wanted to put in the effort. For more than six years it was my job to help educate President Bush about complex economic policy issues and to get decisions from him on impossibly hard policy choices. In meetings and in the briefing materials we gave him in advance we covered issues in far more depth than I have been discussing with you this quarter because we needed to do so for him to make decisions. President Bush is extremely smart by any traditional standard. He's highly analytical and was incredibly quick to be able to discern the core question he needed to answer. It was occasionally a little embarrassing when he would jump ahead of one of his Cabinet secretaries in a policy discussion and the adviser would struggle to catch up. He would sometimes force us to accelerate through policy presentations because he so quickly grasped what we were presenting. I use words like briefing and presentation to describe our policy meetings with him, but those are inaccurate. Every meeting was a dialogue, and you had to be ready at all times to be grilled by him and to defend both your analysis and your recommendation. That was scary."