CUT-UP IN CHIEF…. It appears President Obama was a hit at the White House Correspondents Association dinner last night, delivering a few good-natured digs at pretty much everyone, including himself. (At the outset, there was a nice gag involving a fake teleprompter.

By way of the fine folks at FireDogLake, here’s Part 1 of the president’s routine:

And here’s Part 2:

My personal favorites came when Obama got in some good natured shots at his friends on the other side of the aisle. For example, the president said, “Michael Steele is in the house tonight,” the president said, “Or as he would say, ‘In the heezy.’ Michael, for the last time, the Republican Party does not qualify for a bailout. Rush Limbaugh does not count as a troubled asset, I’m sorry.”

Soon after, Obama noted how much he has in common with House Minority Leader John Boehner. “He is a person of color,” Obama noted. “Although not a color that appears in the natural world.”

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Follow Steve on Twitter @stevebenen. Steve Benen is a producer at MSNBC's The Rachel Maddow Show. He was the principal contributor to the Washington Monthly's Political Animal blog from August 2008 until January 2012.