If Sarah Palin can have her own PAC, so can Stephen Colbert. After all, they’re both fake news generators, right? On Thursday, Colbert celebrated the official launch of his Super PAC — which, TPM Muckraker points out, goes by another funny name — in his usual modest style, assembling a crowd of admirers and reminding them, “I do not accept the status quo … but I do accept Visa, MasterCard and American Express.” That’s some democracy right there. –KA

Colbert Nation

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