Scared yet?

First, here's the setup, a transcript from the G8 microphone transcript:

The camera is focused elsewhere and it is not clear whom Bush is talking to, but possibly Chinese President Hu Jintao, a guest at the summit.
Bush: "Gotta go home. Got something to do tonight. Go to the airport, get on the airplane and go home. How about you? Where are you going? Home?
Bush: "This is your neighborhood. It doesn't take you long to get home. How long does it take you to get home?"
Reply is inaudible.
Bush: "Eight hours? Me too. Russia's a big country and you're a big country."
At this point, the president seems to bring someone else into the conversation.
Bush: "It takes him eight hours to fly home."
He turns his attention to a server.
Bush: "No, Diet Coke, Diet Coke."
He turns back to whomever he was talking with.
Bush: "It takes him eight hours to fly home. Eight hours. Russia's big and so is China."

Now, here is what Cenk at The Young Turks has to say about this:

. . . Can anyone now credibly claim that Bush is secretly working on a master plan behind the scenes and that he's just playing cowboy for the cameras? I hope the master plan doesn't involve figuring out how long it takes to get to China . . . In the old empires, there would be a lot of marriages between the royal families. And from time to time, these inter-family marriages would produce a mentally challenged son who would inherit the throne. This would set the empire back for hundreds of years. I'm not saying anything, I'm just saying. Russia is big and so is China . . . We have third grader for a President. And worse yet, the Vice President has him convinced he is the second coming of Winston Churchill. Scared yet?

Oh. Dear. God.
Don't push the red button, Georgie. Mommy won't like it if you push the red button. All your little friends might get hurt . . .