Laughs at the Correspondents' Dinner

As is the tradition, the President of the U.S. gave an irreverent speech at the Correspondents' Dinner, an annual event for journalists covering the White House (and other celebs).  

Here are a few highlights: 

• He said his new strategy was something that rhymes with "bucket list." He repeated "bucket" after mentioning several initiatives, such as immigration. 
• Referring to people still believing he's a Muslim, he said he's been so busy "all while finding time to pray five times a day."
• Admitting that some people still think he's "arrogant and aloof," he said, "Some people are so dumb."
• About Hillary Clinton, he said the economy is so bad, "I had a friend, just a few weeks ago, she was making millions of dollars a year, and now she's living out of a van in Iowa.

Discussion Starters: 

• What's the real value of the Correspondents' dinner?
• Is it surprising to hear President Obama speak in this way? Did he cross the line in any way?