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Meaning of the word 'Tragedy'

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President George Bush is visiting an elementary school one day and he visits, one of the 4th grade classes.  They are in the middle of a discussion related  to words and their meanings.  The teacher asks the President if he would like to lead the class in the discussion of the word,  "tragedy."  So our illustrious leader asks the class for an example of a "tragedy."

One little boy stands up and offers, "If my best friend, who lives next door, is playing in the street and a car comes along and runs him over, that would be a tragedy."

"No," says Bush, "that would be an accident."

A little girl raises her hand: "If a school bus carrying 50 children drove off a cliff, killing everyone involved, that would be a tragedy."

"I'm afraid not," explains the President.  "That's what we would call a GREAT LOSS."

The room goes silent. No other children volunteer.  President Bush searches the room.
 "Isn't there someone here who can give me an example of a tragedy?"

Finally, way in the back of the room, Lil'  Johnny raises his hand.  In a quiet voice he says,
 "If Air Force One,  carrying Mr. & Mrs. Bush, was struck by a missile and blown up to  smithereens, that would be a tragedy."

"Fantastic," exclaims Mr. Bush, "that's right.  And can you tell me WHY that would be a tragedy?"

"Well," Lil' Johnny said, "because it wouldn't be an accident, and it damn sure wouldn't be a great loss."