President Obama and Jay Leno trade jokes at the 2010 White House Correspondents Association Dinner in Washington, D.C.
A few Obama highlights:
"I'm glad the only person who's ratings have fallen further than mine this year is here tonight...hello Jay".
"I'm also glad I'm speaking first, because we've seen what happens when someone takes the time slot after Leno's".
The Jay jokes are at the very beginning. Jokes about Fox News, MSNBC and CNN at about 8:30. (that's about as far as I got).