In a five-to-one decision, the Federal Election Commission granted comedian Stephen Colbert the right to create a “SuperPAC” to raise money for the 2012 election campaign. This would make him an equivalent to people like Karl Rove who are attempting to influence the elections.
But the FEC also concluded that the television host’s employer, Viacom Corp., would have to report any help it gives to Colbert for political activities outside the “Colbert Report” show. The panel gave the newly registered “Colbert Super PAC” a relatively narrow media exemption applicable only to the humorist’s show. Any assistance from Viacom outside the show must be treated as “in-kind” contributions and reported to the FEC.
Since the 2010 Supreme Court decision allowing unfettered corporate spending in elections, Super PACs like Colbert’s now number over 100. They didn’t exist before the Court’s decision (a point Colbert seems to be making in a comic way.)
“Some people have said, ‘Is this some kind of joke?’ I for one don’t think participating in democracy is a joke.”
..said Colbert to the crowd afterward. When a reporter asked him when the first ad would run, Colbert Responded:
“I’ve got to get some money first.”