Or actually, lacking seriousness. Here's what Bush said at the United Nations yesterday:

Today I broaden the challenge by making this pledge: The United States is ready to eliminate all tariffs, subsidies and other barriers to free flow of goods and services as other nations do the same. This is key to overcoming poverty in the world's poorest nations. It's essential we promote prosperity and opportunity for all nations.

That's a pretty important statement. Much poverty is caused by protectionism within the developed world towards agricultural products coming from developing nations. That protectionism is the result of powerful lobbies that are determined to keep things as they are. Bush is pledging to fight these lobbies and allow free competition from abroad. These forces aren't pushovers; Bush would be in for the fight of his life. Whether he can do it or not remains to be seen, but as far as I know he's the first world leader to propose something of this magnitude.

But here's what most news sources focused on: