What are blogs good for that MSM are not? Well, for one thing, keeping up with the buzz around what happened on Saturday night at the White House Correspondents' Association Dinner. Most of the MS journalists in attendance didn't write about the scathing and hilarious roast delivered by Stephen Colbert in front of a squirming president Bush and a crowd of journalists. There is, however, plenty of blog chatter on Colbert's performance, including these rich details from Amrita Rajan's Blogcritic post.

"[Colbert] offered a twist on what he calls his 'neo-neocon' beliefs - 'I believe the government that governs best is the government that governs least. And by these standards, we have set up a fabulous government in Iraq.'

Jaws dropped and the smile slowly slid off the President's face as the room laughed a bit uncomfortably. They didn't show [association president] Mark Smith's face but I think that's because he was hiding under the table. Colbert went on, "I believe in this president. Now, I know there's some polls out there saying this man has a 32% approval rating. But guys like us, we don't pay attention to the polls. We know that polls are just a collection of statistics that reflect what people are thinking in 'reality.' And reality has a well-known liberal bias.

By this time, the crowd nearest the President had apparently noticed that the leader of the free world didn't find his admirer nearly as funny or charming as his doppelganger referring to his wife as 'caliente.' The air grew thicker and the chuckles fainter even as Colbert calmly forged ahead on other topics, making this the one must-see moment in C-Span history."

If you missed it, you can watch clips here, here, and here.

And the whole thing (including Bush's speech) is here.