Transcript: 'I'm a simple man with a simple mind'

In his speech at the The White House Correspondents' Dinner, Stephen Colbert put on quite a show, and savaged both The President and the media, who barely gave any play to his speech, even though we all agree it was savage and masterful! This is a transcript of his talk...

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.

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 our president. He's not so different, he and I. We get it. We're not brainiacs on the nerd patrol. We're not members of the "fact-inista." 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.

Number one, 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 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 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. Pay no attention to the people who say the glass is half empty, because 32 percent means it's 2/3 empty. There's still some liquid in that glass is my point, but I wouldn't drink it. The last third is usually backwash.

Folks, my point is that I don't believe this is a low point in this presidency. I believe it is just a lull, before a comeback. I mean, it's like the movie "Rocky." The president is Rocky and Apollo Creed is everything else in the world. It's the 10th round. He's bloodied, his corner man [is] Mick, who in this case would be the vice president, and he's yelling "Cut me, Dick, cut me," and every time he falls she says stay down! Does he stay down? No. Like Rocky, he gets back up and in the end he -- actually loses in the first movie. OK. It doesn't matter. The point is the heart-warming story of a man who was repeatedly punched in the face.

So don't pay attention to the approval ratings that say 68 percent of Americans disapprove of the job this man is doing. I ask you this, does that not also logically mean that 68 percent approve of the job he's not doing? Think about it. I haven't.

I stand by this man. I stand by this man because he stands for things. Not only for things, he stands on things. Things like aircraft carriers and rubble and recently flooded city squares. And that sends a strong message that no matter what happens to America, she will always rebound with the most powerfully staged photo ops in the world.

Now, there may be an energy crisis. This president has a very forward-thinking energy policy. Why do you think he's down on the ranch cutting that brush all the time? He's trying to create an alternative energy source. By 2008 we will have a mesquite-powered car.

And I just like the guy. He's a good joe. Obviously loves his wife, calls her his better half. And polls show America agrees. She's a true lady and a wonderful woman. But I just have one beef, ma'am. I'm sorry, but this reading initiative. I've never been a fan of books. I don't trust them. They're all fact, no heart. I mean, they're elitists telling us what is or isn't true, what did or didn't happen. What's Britannica to tell me the Panama Canal was built in 1914. If I want to say it was built in 1941, that's my right as an American. I'm with the president, let history decide what did or did not happen.

The greatest thing about this man is he's steady. You know where he stands. He believes the same thing Wednesday that he believed on Monday, no matter what happened Tuesday. Events can change, this man's beliefs never will.

And as excited as I am to be here with the president, I am appalled to be surrounded by the liberal media that is destroying America, with the exception of Fox News. Fox News gives you both sides of every story -- the President's side and the vice president's side. But the rest of you, what are you thinking, reporting on NSA wiretapping or secret prisons in Eastern Europe? Those things are secret for a very important reason -- they're super depressing. And if that's your goal, well, misery accomplished.

Over the last five years you people were so good over tax cuts, WMD intelligence, the effect of global warming. We Americans didn't want to know, and you had the courtesy not to try to find out. Those were good times, as far as we knew.

But, listen, let's review the rules. Here's how it works. The president makes decisions, he's the decider. The press secretary announces those decisions, and you people of the press type those decisions down. Make, announce, type. Put them through a spell check and go home.

Get to know your family again. Make love to your wife. Write that novel you got kicking around in your head. You know, the one about the intrepid Washington reporter with the courage to stand up to the administration. You know, fiction.
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