It was arguably Ronald Reagan’s favorite joke. In one version, two kids — one an optimist, the other a pessimist — rush downstairs on Christmas morning. The pessimistic kid gets a new bike and weeps that he’ll probably break it soon. The optimistic kid is presented with an enormous pile of manure and squeals with delight: “There’s got to be a pony in here somewhere!”
In fact, the joke took on a life of its own in the Reagan White House. Whenever bad news came in, someone would remark, “There’s got to be a pony in there somewhere.”
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