Barack Obama traded jokes with Jay Leno last night when he appeared on "The Tonight Show." But not all of his jokes hit the mark.

Things went well throughout the entire interview, which largely revolved around the economy and AIG bonus outrage. Of the latter, Mr. Obama said he was "stunned" when he heard about the bailed-out company’s plans to pad its executives’ pockets. As for the economy, the president said Americans realize it will take some time to dig ourselves out of the mess, and he’s confident Treasury Secretary Geithner’s up to the task. He also insisted that he’s ultimately to blame for anything that goes wrong: "Look, I’m the president. Ultimately, it’s my responsibility. If I’m not giving [Geithner] the tools he needs, it’s on me.”

Despite the topics, Obama managed to keep the mood light, like when he and Leno discussed his children’s new dog and living in the secret service "bubble." One of his jokes, however, caused jaws to drop.

The president was discussing how he’s been practicing his famously bad bowling. His skills, he said, are at about those of the Special Olympics. The White House was quick to clarify that Obama meant no harm: "The president made an offhand remark making fun of his own bowling that was in no way intended to disparage the Special Olympics."

UPDATE: Alaska Gov. Sarah Palin, whose son has Down’s syndrome, hit back at Mr Obama’s remark. Via the Daily Beast:

I was shocked to learn of the comment made by President Obama about Special Olympics. This was a degrading remark about our world’s most precious and unique people, coming from the most powerful position in the world.
…
These athletes overcome more challenges, discrimination and adversity than most of us ever will. By the way, these athletes can outperform many of us and we should be proud of them. I hope President Obama’s comments do not reflect how he truly feels about the special needs community.

Agreed!

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