The 44th president made clear where he thinks the guardrails have broken down, delivering a scathing indictment of the current administration during what may be his final appearance on “The Late Show” on Wednesday, May 5, 2026. Barack Obama, 64, sat down with Stephen Colbert at Chicago’s soon-to-open Obama Presidential Center and didn’t hold back — even if he never said President Trump’s name out loud.
The Bar Has Changed
When Colbert joked about running for president in 2028 as his show prepares to sign off May 21, 2026, Obama’s answer drew roars from the crowd.
“Well, you know, the bar has changed,” Obama said, pausing before driving the point home. “Let me put it this way, I think that you could perform significantly better than some folks that we’ve seen.”
The audience erupted. Colbert pressed: Was that an endorsement? “It was not,” Obama replied flatly, leaving the joke and its sharper edge to do the work.
But the former president’s most pointed comments came when discussing what presidential powers ought to be off-limits. Obama warned that certain lines, once crossed, threaten democracy itself.
“We can survive a lot,” Obama said. “We can’t overcome the politicization of the criminal justice system. The awesome power of the state. You can’t have a situation in which whoever is in charge of the government starts using that to go after their political enemies or reward their friends.”
He added a second warning: “Don’t politicize our military.” Obama said the country may now need to “codify” what had once been an unwritten norm — an oblique acknowledgment that informal guardrails have failed under the current administration, which has been openly hostile toward most late-night comedians since President Trump’s January 20, 2025, inauguration.
A Symbolic Setting In Chicago
The choice of venue carried its own message. The interview marked Obama’s first on the 19.3-acre Obama Presidential Center campus, which is set to open in June 2026 with a museum, library, and outdoor spaces, including the Women’s Garden. President Trump has dismissed the project as a “disaster.”
Obama has appeared on “The Late Show” before, visiting in 2016 and 2020, and made three appearances on its Comedy Central predecessor, “The Colbert Report,” during its 2005 to 2014 run. When Colbert first announced Obama as a guest in April, the booking was widely read as a subtle dig at the White House. Wednesday’s broadcast removed any subtlety, with Obama turning to the host before the segment ended with an unmistakable note of gratitude — and finality — for a comedian whose program has, in its closing weeks, become something more than a comedy show.
The Late Show’s Politically Charged Ending
The interview unfolded against a backdrop of intense speculation about why “The Late Show” is ending at all. CBS announced in July 2025 that it would retire the franchise — launched by David Letterman more than three decades ago — insisting the move was a “financial decision.” However, the announcement came shortly after Colbert publicly criticized Paramount, CBS’s parent company, for settling a lawsuit brought by President Trump.
President Trump, 79, celebrated the cancellation in a Truth Social post that same month, claiming Colbert’s “talent was even less than his ratings” and predicting Jimmy Kimmel would be next. Months later, ABC temporarily pre-empted Kimmel’s show following MAGA backlash — a moment Obama publicly condemned, accusing the administration of trying to “muzzle or fire reporters and commentators it doesn’t like.”
Letterman, the original “Late Show” host, has been similarly unsparing. He said he was in “disbelief” when he learned of the cancellation, telling a recent interviewer: “TV may be not the money machine it once was. On the other hand, what about the humanity for Stephen and the humanity of people who love him and the humanity for people who still enjoyed that 11:30 respite?”
Colbert revealed in March 2026 that he’ll help write a new “Lord of the Rings” screenplay produced by Peter Jackson once the show ends, capping an 11-year run. Byron Allen’s “Comics Unleashed” has been announced to fill the slot.
Aliens, Selfies And A Self-Nominated Emissary
Not everything on Wednesday was political. Colbert pressed Obama on a comment he made during a February 2026 conversation with podcaster Brian Tyler Cohen, in which the former president said aliens “are real, but I haven’t seen them.” Obama walked it back, then offered a characteristically dry argument against extraterrestrial conspiracy theories.
“For those of you who still think that we’ve got little green men underground somewhere — one of the things you learn as president is government is terrible at keeping secrets,” Obama said. He went further, arguing that if Washington were truly hiding alien craft, “some guy guarding the installation would have taken a selfie with one of the aliens and sent it to his girlfriend to impress her. There would be leaks.”
Should aliens ever arrive, Obama volunteered himself: “I think I would be a good emissary for the planet.”