The 67th annual Alfred E. Smith Memorial Foundation dinner took place Thursday evening and was a chance for the presidential candidates, Barack Obama and Mitt Romney to relax and have a night of camaraderie instead of debate. Hosted by the Archdiocese of New York, it is considered a rite of passage on the way to the presidency. The candidates raised $5 million at the white-tie charity event and also gave speeches making light of everything from their affluence to their opponents. Both Obama and Romney had several hilarious jokes in their speeches yesterday evening; here’s a rundown of some of the funniest.

Romney’s funniest jokes

Referring to his wealth: (dressed in white-tie attire): "A campaign can require a lot of wardrobe changes — blue jeans in the morning perhaps, suits for lunch fundraisers, a sport coat for dinner. But it's nice to finally relax and to wear what Ann and I wear around the house."

Referring to the debates: "In keeping with the 'Sesame Street' theme, the president's remarks are brought to you tonight by the letter O and the number 16 trillion."

Referring to the press: Romney: "I've already seen early reports from tonight's dinner — headline: 'Obama Embraced by Catholics. Romney Dines With Rich People.'"

Obama’s funniest jokes

Referring to the debates: "This is the third time that Governor Romney and I have met recently. Some of you may have noticed, I had a lot more energy in our second debate. I felt really well-rested after the nice long nap I had in the first debate."

Referring to he and Romney’s commonalities: “Ultimately, though, tonight's not about the disagreements Governor Romney and I may have. It's what we have in common, beginning with our unusual names. Actually Mitt is his middle name, I wish I could use my middle name.”

Referring to how he spent his day: “Earlier today I went shopping at some stores in Midtown. I understand Governor Romney went shopping for some stores in Midtown.”

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