Thank you. Thank you so much. Thank you very much. Thank you. Thank you so much.

Everybody, please have a seat. Have a seat. Before I get started, can we get the new presidential

set up out here?

(MUSIC)

It's worked before. That's more like it.

It is great to be back. What a year, huh?

I usually start these dinners with a few self deprecating jokes after my stellar 2013 what

could I possibly talk about?

I admit it. Last year was rough. Sheesh!

At one point things got so bad, the 47 percent called Mitt Romney to apologize.

Of course, we rolled out Healthcare.gov. That could have gone better.

In 2008, my slogan was ``Yes, we can''. In 2013 my slogan was ``Control, alt, delete.''

On the plus side, they did turn the launch of Healthcare.gov into the launch of one the

year's biggest movies.

But rather than dwell on the past I would like to pivot to this dinner.

Let's welcome our headliner this evening, Joel McHale.

(APPLAUSE)

On ``Community'', Joel plays a preening, self obsessed narcissist. So, this dinner must

be a real change of pace for you.

I want to thank the White House correspondents' association for hosting us here tonight. I

am happy to be here even though I am a little jet lagged from my trip to Malaysia, the lengths

we have to go to the get CNN coverage these days.

I think they're still searching for their table. MSNBC is here. They're a little overwhelmed.

They've never seen an audience this big before.

But, look, everybody is trying to keep up with this incredibly fast-changing media landscape.

For example, I got a lot of grief on cable news for promoting Obamacare to young people

between two ferns. And I'm not the first young person on television between two potted plants.

Sometimes I do feel disrespected by you reporters. But that's okay. Seattle Seahawk cornerback

Richard Sherman is here tonight and he gave -- he gave me some great tips on how to handle

it.

Jake Tapper, don't you ever talk about me like that! I'm the best president in the game.

What do you think, Richard? Was that good? A little more feeling next time?

While we're talking sports, just last month a wonderful story -- an American won the Boston

Marathon for the first time in 30 years.

(APPLAUSE)

Which was inspiring and only fair since a Kenyan has been president for the last six.

Had to even things out.

We have other athletes here tonight including Olympic snowboarding gold medalist, Jamie

Anderson is here. We're proud of her.

Incredibly talented young lady. Michelle and I watched the Olympics, we can't believe what

these young folks do. Death defying feats. I haven't seen 180 so fast since Rand Paul

disinvited that Nevada rancher from this dinner.

As a general rule, things don't end well if the sentence starts ``let me tell you something

I know about the Negro.''

You don't really need to hear the rest of it.

Just a tip for you. Don't start your sentence that way.

Speaking of Rand Paul, Colorado legalized marijuana this year, an interesting social

experiment. I do hope it doesn't lead to a whole lot of paranoid people who think that

the federal government is out to get them and listening to their phone calls. That would

be a problem.

And speaking of conservative heroes, the Koch brothers bought a table here tonight. But

as usual they used a shadowy right wing organization as a front. Hello, FOX News.

I'm just kidding. Let's face it, FOX, you'll miss me when I'm gone. It will be harder to

convince the American people that Hillary was born in Kenya.

(CHEERS AND APPLAUSE)

A lot of us really are concerned about the way big money is influencing our politics.

I remember when a superpack was just me buying Marlboro 100s instead of regulars.

Of course, now that it's 2014, Washington is obsessed on the midterms. Folks are saying

with my sagging poll numbers, my fellow Democrats don't really want me campaigning with them.

And I don't think that's true, although I did notice the other day that Sasha needed

a speaker at Career Day and she invited Bill Clinton. I was a little hurt by that.

Both sides are doing whatever it takes to win. The ruthless game. Republicans -- this

is a true story. Republicans actually brought in a group of consultants to teach their candidates

how to speak to women.

This is true. And I don't know if it will work with women but I understand that America's

teenage boys are signing up to run for the Senate in droves.

Anyway, while you guys focus on the horse race, I'm going to do what I do, I'm going

to be focused on everyday Americans. Just yesterday, I read a heart breaking letter.

You know, I get letters from folks around the country every day. I get 10 that I read.

This one got to me. A Virginia man has been stuck in the same part-time job for years,

no respect from his boss, no chance to get ahead.

I really wish Eric Cantor would stop writing me.

You can just pick up the phone, Eric.

And I'm feeling sorry -- believe it or not -- for the speaker of the House as well. These

days, the House Republicans actually give John Boehner a harder time than they give

me, which means orange really is the new black.

(LAUGHTER)

But I have not given up the idea of working with Congress. In fact two weeks ago, Senator

Ted Cruz and I we got a bill done together and I have to say the signing ceremony was

something special. We have a picture of it, I think.

Look, I know. Washington seems more dysfunctional than ever. Gridlock has gotten so bad in this

town you have a to wonder what did we do to piss off Chris Christie so bad?

One issue, for example we haven't been able to agree on is unemployment insurance. Republicans

continue to refuse to extend it. And you know what? I am beginning to think

they've got a point. If you want to get paid while not working, you should have to run

for Congress, just like everybody else.

(APPLAUSE)

Of course there is one thing that keeps Republicans busy, they have tried more than 50 times to

repeal Obamacare. Despite that, 8 million people signed up for health care in the first

open enrollment.

(APPLAUSE)

Which does lead one to ask how well does Obamacare have to work before you don't want to repeal

it? What if everybody's cholesterol drops to 120? What if your yearly checkup came with

tickets to a Clipper's game -- not the old Don Sterling Clippers, the new Oprah Clippers?

Would that be good enough?

What if it gave Mitch McConnell a pulse? What is it going to take?

Anyway. This year I've promised to use more executive actions to get things done without

Congress. My critics call this the imperial presidency.

The truth is I show up every day at my office and do my job. We have a picture of this,

I think.

You would think they'd appreciate a more assertive approach considering that the new conservative

darling is none other than Vladimir Putin. Last year, Pat Buchanan said Putin is headed

straight for the Nobel Peace Prize.

He said this. I know it sounds crazy. But to be fair they give those to just about anybody

these days. So it could happen.

But it's not just Pat. Rudy Giuliani said Putin is what you call a leader. Mike Huckabee

and Sean Hannity keep talking about his bare chest, which is kind of weird.

(LAUGHER)

Look it up. They talk about it a lot.

It is strange to think that I have two and a half years left in this office. Everywhere

I look, there are reminders that I only hold this job temporarily.

But, it's a long time between now and 2016 and anything can happen. You may have heard

the other day, Hillary had to dodge a flying shoe at a press conference.

(LAUGHTER)

I love that picture.

Regardless of what happens, I've run my last campaign and beginning to think about my legacy.

Some of you know Mayor Rahm Emanuel recently announced he is naming a high school after

me in Chicago which is extremely humbling. I was even more flattered to hear Rick Perry,

who is here tonight, is doing the same thing in Texas. Take a look.

(LAUGHTER)

Thank you, Rick. It means a lot to me.

And I intend to enjoy all the free time that I will have. George W. Bush took up painting

after he left office, which inspired me to take up my own artistic side.

I'm sure we've got a shot of this. Maybe not. The joke doesn't work without the slide.

Oh, well. Assume that it was funny.

Does this happen to you, Joel? It does, OK.

On a more serious note -- tonight reminds us that we are really lucky to live in a country

where reporters get to give a head of state a hard time on a daily basis and then once

a year give him or her the chance at least to try to return the favor.

But we also know that not every journalist or photographer or crew member is so fortunate

because even as we celebrate the free press tonight, our thoughts are with those in places

around the globe, like Ukraine and Afghanistan and Syria and Egypt, who risk everything in

some cases even give their lives to report the news. And what tonight also reminds us

is that the fight for full and fair access goes beyond the chance to ask a question.

As Steve mentioned, decades ago an African-American who wanted to cover his or her president might

be barred from journalism school, burdened by Jim Crow and once in Washington, banned

from press conferences. But after years of effort, black editors and publishers began

meeting with FDR's press secretary, Steve Early. Then they met with the president himself

who declared that a black reporter would get a credential.

And even when Harry McAlpin made history as the first African- American to attend a presidential

news conference, he wasn't always welcomed by the other reporters. He was welcomed by

the president, who told him, ``I'm glad to see you McAlpin, and I'm very happy to have

you here.''

Now, that sentiment might have worn off once Harry asked him a question or two. And Harry's

battles continued, but he made history. And we're so proud of Sherman and his family for

being here tonight and the White House Correspondents Association for creating the scholarship in

Harry's name.

(APPLAUSE)

For over 100 years even as the White House Correspondents' Association has told the story

of America's progress, you lived it, too, gradually allowing equal access to women,

minorities, and gays, and American's with disabilities -- and yes, radio and television

and Internet reporters as well. And through it all, you helped make sure that even as

societies change, our fundamental commitment to the interaction between those who govern

and those who ask questions doesn't change. And as Jay will attest, it's a legacy you

carry on enthusiastically every single day.

And because this is the 100th anniversary of the correspondents' association, I actually

recorded an additional brief video thanking all of you for your hard work.

Can we run the video?

(BEGIN VIDEO CLIP)

OBAMA: Congratulations --

(END VIDEO CLIP)

OBAMA: What's going on? I was told this would work. Does anyone know how to fix this?

(LAUGHTER)

Oh, thank you. You got it?

KATHLEEN SEBELIUS: I got this. I see it all the time. There. That should work.

(BEGIN VIDEO CLIP)

OBAMA: Congratulations to the White House Correspondents' Association. Here's to 100

more terrific years.

(END VIDEO CLIP)

OBAMA: Thank you very much, everybody. God bless you. And God bless America. And thank

you, Kathleen Sebelius.