Article continues below advertisementIn an interview on The Late Show with Stephen Colbert, former President Barack Obama joked that "the bar has changed" for the presidency when Colbert asked how "dumb" it would be for him to run. Obama doubled down on the jab, stating he has "great confidence" that the comedian could perform significantly better than "some folks that we've seen," in an obvious nod to President Donald Trump.The exchange took place at the Obama Presidential Center in Chicago during the final weeks of Colbert's show, which is scheduled to end on May 21.