Its sarcasm. Colbert relates him to rocky for getting hit inthe head many times and still losing the fight.
He claims him on making judgements on gut feelings, not facts. He makes a mockery of the whole white house administration!
The only thing good he says about the president is that he makes the world greatest photo ops, on jets and flooded cities.
He talks about the 32 approval rating and how there just statisics that are based on reality, and reality as we all know is a liberl biased, and that don't listen to the polls, because the glass is not half empty its 2/3 empty, and the last is always back wash.
He rips onthe president.
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LOL