"That's like one step forward, and two steps back."
She even made fun of Michelle:
"You do need to keep your arms to yourself sometimes. Running over there to London, touching the Queen. You can't do that. You're patting the Queen on the back like she just slid into home plate. Way to go, Queen!"
She didn't think it was a great idea to give the Queen an iPod:
"What are you going to give the Pope, a Bluetooth?"
She has a better idea for what to give the Queen:
"Give her something that says 'America.' Give her Texas."
She also slammed Rush Limbaugh, thank goodness. Way to go, Wanda. Give 'em a dose of their own medicine.
Here's an edited version of her speech, from DailyKosTV (great job on the split screen):