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Has given us so much. thank you all to the white house correspondents for the great work you do. god bless you all. may god bless the united states. [ applause ] thank you, mr. president. i would like to introduce mr. conan o'brien. >> thank you. thank you! thank you. please remain seated. that is not necessary. thank you very much. please, mr. president. don't stand. that wouldn't be right. good evening. thank you.

Seated. that's not necessary. thank you very much. please, mr. president, don't stand, that wouldn't be right. good evening, thank you. mr. president, mrs. obama, distinguished members of the press and bon jovi. yes, it's an honor to share this stage with the president when you think about it the president and i are a lot a like. both went to harvard and both have two children and both told joe biden we didn't have extra tickets for tonight's event. we mrs. have something else in common like the president, i too recently got in hot water by talking about a public officials good looks. the ston...

From all over the federal government, its their job to find waste and abuse and have come up with $67 million worth of recommendations that would save taxpayer -- billion, with a b -- billion dollars a year and that's 78% of the sequester, so if jay carney wants to talk about real people and what the president can do to make sure people keep their jobs and don't stand in long lines at the airport, they should look at having these recommendations that are given by nonpartisan inspectors general from every department in the federal government, implemented immediately. $67 billion. not just today...

One big deal and get it done. >> sean: and stop borrowing 46 out of every dollar. do you think if the republicans don't step up on the debt ceiling and don't stand as a bold contrast to the democrats, do you see the emergence of a third party? rig might you look at that? >> no, i think third parties are getting tough. i think it's tough to win as a republican. look, they lost on immigration and they're going to have to do something on immigration. our co place than 50 years ago. they're going to have to do something different fronts. and then popular candidates that will get 20% of the vote. >...

These little deals, make the one big deal and get it done. >> sean: and stop borrowing 46 out of every dollar. do you think if the republicans don't step up on the debt ceiling and don't stand as a bold contrast to the democrats, do you see the emergence of a third party? rig might you look at that? >> no, i think third parties are getting tough. i think it's tough to win as a republican. look, they lost on immigration and they're going to have to do something on immigration. our country is a different place than 50 years ago. they're going to have to do something different fronts. and then po...