In honor of the "CEO President," and in recognition of the fine advances he has brought to modern management techniques, the Harvard Business School will offer a new degree, called the "M.B.A.": Master Of Bush Administration.

Professor Stephen Hambone, Ph.D.Th. (Doctor of Thinkology), explained, "President Bush has taken delegation to an entirely new level. We used to teach that you should delegate to the most competent and intelligent individuals in your organization. But President Bush has taught us that you can delegate to anyone, as long as you don't read their reports."

Professor Hambone also lauded the President for cutting down on executive reading: "You don't have to read critical documents anymore -- or any documents, really -- and in fact, it's preferable. Cuts down on the likelihood of shareholder litigation or impeachment."

Professor Hambone was effusive in his praise of Bush's "no-minute management style," and related other Bush lessons: "Always call the work of top supervisors 'superb,' even when they've endangered a core mission. When you say your supervisors look good, you look good. And blameless."

The school will be taking applications only from those nominally serving in the National Guard, starting this July.