This contains one of my favourite gag's of all time.

Monty Python Live at the Hollywood Bowl.

This begs the question "How bad does American beer have to be to the butt of a Fosters Joke? Now I use this gag on Australians, and then undermine it by drinking XXXX gold -  allegedly  the Name XXXX came about because Queenslanders can't spell "Beer". Its OK cos I said "allegedly"

The answer for those of you who haven't tried Bud is pretty bloody awful. I quote the "beer" section of Wikipedia's entry on on Budweiser. 

Budweiser is brewed using barley malt, rice, water, hops and yeast. It is lagered with beechwood chips in the ageing vessel which, according to Anheuser-Busch, creates a smoother taste[clarification needed]. While beechwood chips are used in the maturation tank, there is little to no flavor contribution from the wood, mainly because they are boiled in sodium bicarbonate [baking soda] for seven hours for the very purpose of removing any flavor from the wood. The maturation tanks that Anheuser-Busch uses are horizontal and, as such, flocculation of the yeast occurs much more quickly. Anheuser-Busch refers to this process as a secondary fermentation, with the idea being that the chips give the yeast more surface area to rest on. This is also combined with a krausening procedure that re-introduces wort into the chip tank therefore activating the fermentation process again. By placing chips at the bottom of the tank, the yeast remains in suspension longer, giving it more time to reabsorb and process green beer flavors, such as acetaldehyde and diacetyl, that Anheuser-Busch believes are off-flavors which detract from overall drinkability[clarification needed].

Budweiser remains one of the world's lowest rated beers on notable rating sites such as BeerAdvocate.com[28] and RateBeer.com.[29] Some drinkers prefer the lightness of beers like Budweiser and consume it as a refreshment or for its inebriating effects,[30] Several beer writers consider it to be bland.[31][32] The beer is light-bodied with faint sweet notes and negligible bitterness, leading to reviews characterizing it as a "...beer of underwhelming blandness".[33] Even Adophus Busch didn't like it.[34] Based upon sales, it is the second most popular American brewed pale lager among North American beer consumers.

Budweiser and Bud Light are sometimes advertised as vegan beers, in that their ingredients and conditioning do not use animal by-products. Some might object to the inclusion of genetically engineered rice[35] and animal products used in the brewing process. In July 2006, Anheuser-Busch brewed a version of Budweiser with organic rice, for sale in Mexico. They have yet to extend this practice to any other countries.