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"I Saw The KGB"

Via Steve Benen, George Grieve passes along an interesting anecdote retold by Powell himself a few weeks back:

One gem which the audience enjoyed was the retelling of Powell and President Bush’s first encounters with Russian President Vladimir Putin. As Powell recalled it after the meeting he and Bush were reviewing events and comparing notes and seemingly they disagreed. At one point Bush looked at his Secretary of State and said (with a suitable Texas twang) “Powell, I looked into Putin’s eyes and I saw his soul” to which Powell replied: “Mr. President, I looked into President Putin’s eyes and I saw the KGB.”

Bush's soul gazing experience took place back in June of 2001. And I suppose if you don't think about the full implications of the story, its kind of an amusing anecdote. Which makes me wonder... what did Powell think about it at the time?