"It's very witty when you read the text; but actuality as Colbert says these things to the President's face, it's very uncomfortable. Watching it, It's like Hamlet forcing King Claudius to watch the play that accuses him of murder. Or it's like a man asked to be Court Jester who shows up and tells the king exactly what's wrong with him, and gets out of the building before they can behead him."
-- Chris Durang, The Huffington Post
"Colbert's routine was designed to draw blood -- as good political satire should. It seemed obvious, at least to me, that he didn't just despise his audience, he hated it. While that hardly merits comment here in Left Blogostan, White House elites clearly aren't used to having such contempt thrown in their faces at one of their most cherished self-congratulatory events."
-- Billmon, Whiskey Bar
A transcript of Colbert's lacerating monologue is available here.