That's the part before the commercial break. Afterwards, he takes a strong stance on... Ack, can't say "stance" anymore. In fact, Leno does a little bit showing Fred bumper stickers, and one's got the slogan "He has a narrow stance." Anyway, Fred takes a strong position on Iraq: He supported the war and he will stay there until we get the job done. He's tough on Iran too, and we get a nice taste of how he's going to talk to us folksy style: "They've got a fella who is not put together well upstairs running the country."
Leno reminisces about the good old days when John Kennedy was President and somehow we did things that made everyone around the world love us. How can we make everybody love us again, Fred? Fred says when you're the strongest country in the world it "goes with the territory" that people aren't going to love you, but "our people have shed more blood for the liberty and freedom of other people in this country [sic] than all the other countries put together." This gets big cheers from the audience. "I don't feel any need to apologize for the United States of America." Jay stammers charmingly in his high-pitched voice about how he wants to be loved, and Fred deeply intones about blood and sacrifice.
ADDED: Here's the transcript. And here's the one thing that made me laugh out loud:
JAY LENO: Now, if you ‑‑ Giuliani, Romney, McCain ‑‑ which of those guys is the toughest opponent? Which do you fear the most?
FRED THOMPSON: I don't know. I know them all to a certain extent. John McCain and I sit side by side on the Senate floor. He's a good friend and will be after this is over with unless, of course, he beats me.