"Plucking at the Peacock"

As part of NBC's major budget trim of The Tonight Show, Jay Leno has taken a $5 million per-year pay-cut.  As a result, instead of starting each day by driving a different custom car to work, every day Leno will be taking a different bus.

Many companies are needing to cut back to reduce expenses, especially the ones that had to pay out $40 million to lose Conan O'Brien.

“Clever Fox”

The Fox News program "Red Eye" has accused Jay Leno of stealing a joke from them.  So Leno is finally almost as funny as Fox News.

You almost can’t blame Jay.  I mean, Fox News is freakin’ hilarious.

Leno’s topper to the joke was to then report a news with an obvious right-leaning political spin.

“Commander-In-Studio”

The White House has announced that President Obama will make an appearance on The Tonight Show with Jay Leno on Thursday. There was no intention to snub David Letterman, but Leno is still buying brand new American-made cars every day.

In fact, he’s the only one buying any.

Jay better watch it, though. If any of his jokes bomb, Secret Service will take him out.

Many people think that Obama may feel the need to step it up since a new NBC series introduced the idea of the U.S. having a king.

This is the first time a sitting U.S. president will be getting couch-time on a late night talk show. Not that The Tonight Show hasn’t tried before. They always thought a "Jay Walking" segment asking President Bush common knowledge questions would have been hilarious.

In a related story, it could be said that for eight years, Letterman could have shown clips of Bush for any “Stupid Human Tricks” segment.