After a quick Google and skim, I think you might be right.

For those unfamiliar, a very cursory reading of some top Google results turned up:

• LEOSA is a federal law, which allows current and retired LEOs to carry their guns anywhere in the US despite local laws which would otherwise prohibit or restrict them.
• There are some exceptions to LEOSA, particularly with regards to government property.
• Notably, there does not appear to be any exception for bars, nor carrying while intoxicated, both of which would normally be off-limits in state or local laws.

I think the general intent of LEOSA isn't totally bad, but it's very poorly implemented. Allowing people covered under LEOSA to carry in places no other citizen would be allowed to carry under any circumstances is a particularly egregious overreach.

Of course, I could be wrong. Like I said, I only spent a few minutes Googling this so far. In this particular case, I think I'd be happier to be wrong.