Obama steals the show on "The Colbert Report"

President Obama was the guest on Comedy Central's "The Colbert Report" Monday night. It was his first and last visit, as Stephen Colbert gets ready to end the program.

The interview was conducted with a crowd of 1,500 at George Washington University. It was Obama's first in-person appearance on the "The Colbert Report" as president, and he even showed off his skills behind the anchor desk, reports CBS News correspondent Jan Crawford.

The leader of the free world began by kicking Stephen Colbert off the set of his own show.

Colbert: "President Obama, I'm thrilled that you're here, but I did not expect you for another three minutes."

Obama: "Stephen, you've been taking a lot of shots of my job, I decided I'm gonna go and take a shot of yours."

He settled in behind the anchor desk, and performed Colbert's monologue as Stephen Colbert.

"Nation, as you know I, Stephen Colbert, have never cared for our president," Obama said on the show. "The guy is so arrogant; I bet he talks about himself in the third person."

And in full pundit mode, the president, attacked his own health care plan.

"Remember the original Healthcare.gov website? I think that's where Disney got the idea for Frozen," he said.

Later, Colbert and the president traded jabs.

Colbert: "Why didn't you fix the economy before the midterm elections? You know your job? I would have done it before the election so people were happy when they voted. Then maybe you wouldn't have to come on 'The Colbert Report.'"

Obama: "The truth is the economy had been on a pretty good run."

Colbert: "I'll give it to you; you've employed a lot of people, mostly as secretary of defense."

Obama: "That's boosted our numbers a little bit."

The comedian probed him for state secrets:

Colbert: "You have the nuclear launch codes right?"

Obama: "Yes, I do."

Colbert: "I'm not gonna ask for them, but... "

Obama: "Good."

Colbert: "Can you tell me if there's a five in there?"

Obama: "No."

And about family time inside the White House residence:

Obama: "When I go home, Michelle, Malia and Sasha give me a hard time and umm, there are no trumpets."

Colbert: "Do you do normal things like leave your socks on the floor and stuff like that?"

Obama: "I do."

Colbert: "You do? How's that go over?"

Obama: "Not well."

Colbert joked that President Obama is now the new permanent guest host of the show -- but the comedy central program ends on December 18, before Colbert moves into his new role as the host of the "Late Show" on CBS.