When Ingraham noted that she's never believed Obama is dumb, Colbert responded: "I've read a fair amount of this book, and I know he's not supposed to be a dumb guy, he's a great orator, but this writing is terrible."

After reading a segment that describes Michelle Obama eating baby-back ribs for every meal, Colbert added: "Obama's making the most hideous, hackneyed racial stereotypes in here."

[TPM SLIDESHOW: First Bite: Politicians Chow Down]

Ingraham then tried to deflect Colbert's criticism by referring to when Colbert called her "Ichabod Crane's banshee widow" in a previous show. Banshee, she said, is "racially" charged, and "very controversial."

Colbert fired back that Ichabod Crane is the hero of the story, and a banshee warns people when a loved one might be dying. So all in all it was a compliment.

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