Stephen Colbert roasted the President at the correspondent's dinner. As wasp jerky noted, it didn't look like the President was amused. Colbert got in some real shots. My favorite, besides the "arranging deck chairs on the Hindenburg" and the funny film involving Helen Thomas, was the line that "reality has a well-known liberal bias."
Wasp Jerky also notes that the press seemed uncomfortable too. One review I read had an unnamed source saying "This was anti-Bush. Usually they go back and orth between us [making fun of the press corps]and him." I think that shows just how disconnected the press is from the rest of the world. Colbert did little but make fun of the very news and very President that the rest of us live with. Had the press done its job from the beginning, we might have a different situation.