The AP and other news reports of the White House Correspondents' Dinner are very deliberately downplaying or ignoring Steve Colbert's shockingly honest and hysterically funny routine from the end of the show. Why? I suspect because he crticizes Bush and the press in a no-holds-barred manner. Using a persona of a ultra-right-wing TV commentator, Colbert says flat out what has needed to be said for a long time. Helen Thomas, the last honest White House news reporter, joined him in a video send-up of the White House Press Secratary. That went on a bit too long, but it was amusing.
To see the video, go here to Crooks & Liars. I guess this isn't the whole thing, but will give you a good chunk of it.
To read a caption of it, go to this forum post on Democratic Underground. This was taken from the closed caption transcript. You'll get the jokes, but miss the physical comedy.
UPDATE: Here is a second transcript, put together from the colsed captioned material and the actual broadcast. This post is on Daily Kos.
The only people in the audience who really laughed were Antonin Scalia, who laughed at the parody of himself flipping off a reporter, and Joe Wilson & Valerie Plame, who were pointed out in the audience on the way to a Plamegate joke.
Now, if only our reporters were half so honest as this comedian.