No, Leno and Letterman wouldn't touch Obama jokes with a 10 ft. pole.

You'll see the biggest "hands off" in the history of the Presidency if Obama gets in. It would be politically in-correct suicide for any entertainer other than a Chris Rock type to mention Barack's ethnicity. This isn't 1977. Richard Pryor made fun of real blacks and real whites and America loved it. I love to laugh at both of us! We all do things specific to our race, or education, or income status, whatever. That's why the Chris Rocks and Richard Pryors are my favorites, they don't have to be politically correct, they said things that you and I know to be true. Leno and Letterman have constraints. Any mention of race, or tendency, or stereotype tweak won't be tolerated AT ALL. Just the rules of the game, friend.