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It would be an amazing coup for Al Smith IV, the inheritor of the dinner who has done such a superb job keeping it as one of America's most important and influential political events.
Blair would be an interesting choice, as it has usually been American-born leaders who have been asked to speak.
However, Blair is probably the most popular British leader in the U.S. of recent times and his invitation is not a total surprise. It looks like he just might go for it.