Stephen Colbert's Remarks to the President

(At the White House Correspondents' Dinner this past weekend, Stephen Colbert lambasted the president, the White House press corps, Supreme Court Justice Scalia, Cheney and just about every sheltered official both present and not. The original video is posted in PEEK. Below is the transcript of Colbert's remarks.)

Thank you, ladies and gentlemen. Before I begin, I've been asked to make an announcement. Whoever parked 14 black bulletproof SUVs out front, could you please move them. They are blocking in 14 other black bulletproof SUVs, and they need to get out.

Wow, wow, what an honor. The White House Correspondents' Dinner. To just sit here, at the same table with my hero, George W. Bush, to be this close to the man. I feel like I'm dreaming. Somebody pinch me. You know what? I'm a pretty sound sleeper -- that may not be enough. Somebody shoot me in the face.

Is he really not here tonight? The one guy who could have helped. By the way, before I get started, if anybody needs anything at their tables, speak slowly and clearly into your table numbers and somebody from the NSA will be right over with a cocktail.

Mark Smith, ladies and gentlemen of the press corps, Mr. President and first lady, my name is Stephen Colbert and it's my privilege tonight to celebrate this president. He's not so different, he and I. We both get it. We're not brainiacs on the nerd patrol. We're not members of the factinista. We go straight from the gut, right, sir? That's where the truth lies, right down here in the gut. Do you know you have more nerve endings in your gut than you have in your head? You can look it up.

I know some of you are going to say, "I did look it up, and that's not true." That's because you looked it up in a book. Next time look it up in your gut. I did. My gut tells me that's how our nervous system works. Every night on my show, The Colbert Report, I speak straight from the gut, OK? I give people the truth, unfiltered by rational argument. I call it the No Fact Zone. Fox News, I own the copyright on that term.

I'm a simple man with a simple mind, with a simple set of beliefs that I live by. No. 1, I believe in America. I believe it exists.

My gut tells me I live there. I feel that it extends from the Atlantic to the Pacific, and I strongly believe it has 50 states. And I cannot wait to see how the Washington Post spins that one tomorrow. I believe in democracy. I believe democracy is our greatest export. At least until China figures out a way to stamp it out in plastic for three cents a unit. In fact, Ambassador Zhou Wenzhong, welcome. Your great country makes our Happy Meals possible.

I said it's a celebration.

I believe the government that governs best is the government that governs least. And by these standards, we have set up a fabulous government in Iraq.

I believe in pulling yourself up by your own bootstraps. I believe it is possible -- I saw this guy do it once in Cirque du Soleil. It was magical. And though I am a committed Christian, I believe that everyone has the right to their own religion, be it Hindu, Jewish or Muslim. I believe there are infinite paths to accepting Jesus Christ as your personal savior.

Ladies and gentlemen, I believe it's yogurt. But I refuse to believe it's not butter. Most of all, I believe in this president.

Now, I know there are some polls out there saying this man has a 32 percent approval rating. But guys like us, we don't pay attention to the polls. We know that polls are just a collection of statistics that reflect what people are thinking in "reality." And reality has a well-known liberal bias.

So, Mr. President, pay no attention to the people that say the glass is half full. 32 percent means the glass -- it's important to set up your jokes properly, sir. Sir, pay no attention to the people who say the glass is half empty, because 32 percent means it's two-thirds empty. There's still some liquid in that glass is my point. But I wouldn't drink it. The last third is usually backwash.