Will Ferrell, who honed his impression of President George W. Bush to a dull edge while on the formerly funny “Saturday Night Live,” will win the nation’s top humor prize from the Kennedy Center in Washington.

The 14th annual Mark Twain Prize for American Humor was announced Thursday. Ferrell will be honored Oct. 23 with a lineup of star comedy performances and pro-Obama pep talks to a nationally televised audience that is expected to be in the hundreds.

Hundreds indeed.

The Mark Twain Prize for American Humor is considered to be a great honor in leftist political circles. The award is bestowed annually on the comedian who best exemplifies the progressive elitist attitude that is the hallmark of the anti-American culture of the entertainment business. A cash prize of three hundred dollars and an autographed copy of “Dreams from My Father” are also included with the award.

Past honorees include Tina Fey, Bill Cosby, Yogi Bear and Pee Wee Herman. Other previous winners of this award have included John Kerry, Al Gore, Richard Nixon, Jimmy Hoffa and Malcolm X.

In a written statement, Ferrell says he is honored and will begin cultivating a “Mark Twain-esque mustache” for the event. Or barring that, Mr. Ferrell has promised to wear the classic Groucho glasses/mustache/fake nose piece. According to remarks from his publicist, Will knows that whatever he does for the event will be met with ravenous rounds of applause and praise, since by his own admission he is the funniest man alive (or dead).

Ferrell spent an agonizingly long seven seasons on NBC’s, ‘Saturday Night Live.’ While on ‘SNL’, he developed a cult -like following among the mainstream media and earned accolades and career help from billionaire progressive comedy guru, George Soros, who is known far and wide for his wacky sense of humor.

But I digress.

Though Ferrell milked a mediocre impersonation of President George W. Bush into a limited run on Broadway, he is perhaps best known for his foray into Hollywood. Appearing in several hits films, including, Anchorman, Talladega Nights and Old School. One of Will’s most popular roles was his semi-biographical portrayal of the evil fashion designer Mugatu in Ben Stiller’s modern American classic, Zoolander.

Will can currently be seen on the NBC show The Office, as he attempts to fill the rather large comedic shoes of Steve Carell. When asked about his new role on the hit show, Ferrell intoned that while appearing on television was now beneath a star of his magnitude, he needed the money since the percentage of the profits from The Other Guys was substantially less than he had anticipated.

As for the honor of being chosen by his fellow leftist peers for the Mark Twain Prize and the subsequent comparison to Mr. Twain, he paused for a moment and in his best Ron Burgundy voice said, , “Twain was good in his day, but he’s no Will Ferrell.”