Is it that they're doing it at all? Because they are not doing it well! Was there any new or interesting observation in this? The writing is terribly dull. I won't listen again to get the quote exactly right, but — after saying he got the Nobel Prize for not being George Bush — he says something like "I've only not been George Bush for 9 months." But he's not a 9-month-old and he's never been George Bush. Couldn't you polish that into something like "I've only been President Not George Bush for 9 months"?
And could SNL hire somebody who can actually impersonate Barack Obama? Obama has so many physical and vocal mannerisms. It could be hilarious. And it's not like when Chevy Chase played Gerald Ford without any attempt at seeming like Ford, because Chevy Chase had a very appealing and funny personal style of his own and imitating without imitating was itself ridiculous. Fred Armisen isn't doing anything.
"Saturday Night Live" is boring and lame. Giving them credit for willingness to make fun of a liberal is like giving the Nobel Prize to Obama for not being Bush. Except much duller.