Politics Live: Late Night Laughs?

President Obama became the first sitting president to hit the late-night comedy circuit on Thursday. While he was hoping to soften the mood during a week plagued by economic turmoil and congressional in-fighting, instead the president made headlines with a joke that went awry.

Democratic strategist Chris Kofinis and Republican strategist Alex Conant debate the impact of the president’s gaffe on Friday’s edition of Politics Live.

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