Stephen Colbert Wins Approval for SuperPAC

Stephen Colbert will not be our next President. But he may have a say who gets the job.

The comedian/talk show host won approval today from the Federal Election Committee to form a SuperPAC, meaning Colbert can raise money and produce/buy television time for political advertisements.

"Moments ago the Federal Election Committee made their ruling," Colbert said ta crown below outside the FEC headquarters. "And ladies and gentlemen I'm sorry to say, we won!"

How did this come about? Former FEC Chairman Robert Lenhard said the ruling "means people can use their network's resources to fund their own PAC ads without needing to report it on their network, on their show."

As for the host of The Colbert Report? Added Lenhard:

"I think he's going to have fun. But until he gets at least a million dollars he's not going to run many ads outside of his show."

Colbert is already working on that, however. He solicited donations from fans during his speech, telling supporters: "I don't know about you but I do not accept limits on my free speech, I don't know about you but I do not accept the status quo. But I do accept Visa, MasterCard and American Express."