The Hill reports, that the Bush bulge was a bulletproof vest:
Call off the conspiracy freaks. Now it can be told: That mysterious bulge on President Bush's back during the first presidential debate was not an electronic device feeding him answers, but a strap holding his bulletproof vest in place.
And why did they lie about it for such a long time? The supposed answer is also, I will bet, a lie:
The president’s handlers did not want to admit as much during the campaign, for fear of disclosing information related to his personal security while he was on the campaign trail.
Bah. The real reason is that they knew it looks cowardly and that would have been bad for the image. (If the security rationale were true, they wouldn't admit the truth the day after the eleciton unless Bush never plans to stir from the White House. )
Lies layered on lies. A fun four years, yes indeed.