Did Reagan call G.W. Bush a ne’er-do-well?

This paragraph supposedly written by Ronald Reagan is currently circulating widely around the internet:

Direct quote from the just published REAGAN DIARIES.

The entry is dated May 17, 1986.

'A moment I've been dreading. George brought his ne're-do-well son around this morning and asked me to find the kid a job. Not the political one who lives in Florida. The one who hangs around here all the time looking shiftless. This so-called kid is already almost 40 and has never had a real job. Maybe I'll call Kinsley over at The New Republic and see if they'll hire him as a contributing editor or something. That looks like easy work.'

Did Reagan really write this? Nope, he didn't. The quotation is pulled from an article titled "My Lunch with Reagan" by Michael Kinsley in the New Republic (vol. 237, issue 1, 7/2/07). And, not surprisingly, the quotation is taken out of context.

LSB: Ok, it's an Internet hoax, but still it's pretty funny!