Jerry Seinfeld Dishes on Doing Comedy at the White House, Ribbing Paul McCartney (VIDEO)

Jerry Seinfeld Dishes on Doing Comedy at the White House, Ribbing Paul McCartney

It's been a while since Jerry Seinfeld has done live comedy. But on 'Late Show' (weeknights, 11:35PM ET on CBS), he cracked some jokes, discussing the difference between the terms "this sucks" and "this is great." His theory -- there is no difference!

If, say, you're eating an ice cream cone, and the ice cream falls off and hits the ground -- then your reaction is "Sucks!" And what do you say out loud? "Great!" (In a sarcastic tone, of course.)

The beauty of the "sucks" equals "great" equation is that it applies to almost everything. For instance ... performing in front of the President. As Jerry told David Letterman, he recently did his act at the White House -- for an event honoring Paul McCartney. Seinfeld is a fan of Obama and The Beatles, so this was a big deal. But would it suck or would it be great?

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