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</o:shapelayout></xml><![endif]--></head><body lang=EN-US link=blue vlink=purple><div class=WordSection1><p class=MsoNormal><span style='font-size:12.0pt;font-family:"Arial","sans-serif"'>Courtesy of CBS News at:<o:p></o:p></span></p><p class=MsoNormal><span style='font-size:12.0pt;font-family:"Arial","sans-serif"'><o:p> </o:p></span></p><p class=MsoNormal><span style='font-size:12.0pt;font-family:"Arial","sans-serif"'><a href="http://www.cbsnews.com/stories/2011/06/30/eveningnews/main20075941.shtml">http://www.cbsnews.com/stories/2011/06/30/eveningnews/main20075941.shtml</a><o:p></o:p></span></p><p class=MsoNormal><span style='font-size:12.0pt;font-family:"Arial","sans-serif"'> <o:p></o:p></span></p><p class=MsoNormal><span style='font-size:12.0pt;font-family:"Arial","sans-serif"'>----------------------------------------------------------------------<o:p></o:p></span></p><p class=MsoNormal><span style='font-size:12.0pt;font-family:"Arial","sans-serif"'><o:p> </o:p></span></p><p class=MsoNormal><span style='font-size:12.0pt;font-family:"Arial","sans-serif"'>Colbert gets a Super PAC; So what are they?<o:p></o:p></span></p><p class=MsoNormal><span style='font-size:12.0pt;font-family:"Arial","sans-serif"'>By Nancy Cordes <o:p></o:p></span></p><p class=MsoNormal><span style='font-size:12.0pt;font-family:"Arial","sans-serif"'><o:p> </o:p></span></p><p class=MsoNormal><span style='font-size:12.0pt;font-family:"Arial","sans-serif"'>Comedy Central's fake newsman Stephen Colbert scored a very real victory in Washington today. He was granted permission by the Federal Election Commission to form his own Super PAC.<o:p></o:p></span></p><p class=MsoNormal><span style='font-size:12.0pt;font-family:"Arial","sans-serif"'> <o:p></o:p></span></p><p class=MsoNormal><span style='font-size:12.0pt;font-family:"Arial","sans-serif"'>You may have never heard of Super PACs but they're no joke. And they're going to play a major role in the next election, as CBS News congressional correspondent Nancy Cordes reports.<o:p></o:p></span></p><p class=MsoNormal><span style='font-size:12.0pt;font-family:"Arial","sans-serif"'> <o:p></o:p></span></p><p class=MsoNormal><span style='font-size:12.0pt;font-family:"Arial","sans-serif"'>At the staid FEC, whose hearings normally come and go with little notice, Stephen Colbert became the proud founder today of the nation's 114th "Super PAC." <o:p></o:p></span></p><p class=MsoNormal><span style='font-size:12.0pt;font-family:"Arial","sans-serif"'><o:p> </o:p></span></p><p class=MsoNormal><span style='font-size:12.0pt;font-family:"Arial","sans-serif"'>"There are some who say what will you do with that money," Colbert joked to a crowd of fans. "I say give it to me and we'll find out!"<o:p></o:p></span></p><p class=MsoNormal><span style='font-size:12.0pt;font-family:"Arial","sans-serif"'> <o:p></o:p></span></p><p class=MsoNormal><span style='font-size:12.0pt;font-family:"Arial","sans-serif"'>Colbert has been on this quasi-comedic campaign for several months, quipping on his show that "this election, you, the Colbert nation could have a voice, in the form of my voice, shouted through a megaphone of cash."<o:p></o:p></span></p><p class=MsoNormal><span style='font-size:12.0pt;font-family:"Arial","sans-serif"'> <o:p></o:p></span></p><p class=MsoNormal><span style='font-size:12.0pt;font-family:"Arial","sans-serif"'>Super PACs are the byproduct of the 2010 Supreme Court decision commonly known as "Citizens United," which granted corporations, unions and individuals the right to donate unlimited funds to outside groups to campaign for or against candidates. <o:p></o:p></span></p><p class=MsoNormal><span style='font-size:12.0pt;font-family:"Arial","sans-serif"'><o:p> </o:p></span></p><p class=MsoNormal><span style='font-size:12.0pt;font-family:"Arial","sans-serif"'>Within a year, conservative Super PACs had raised $35 million and liberal Super PACs $28 million to spend on the 2010 midterms. <o:p></o:p></span></p><p class=MsoNormal><span style='font-size:12.0pt;font-family:"Arial","sans-serif"'><o:p> </o:p></span></p><p class=MsoNormal><span style='font-size:12.0pt;font-family:"Arial","sans-serif"'>"This is a toe in the water definitely," said Sheila Krumholz, who runs the non-partisan Center for Responsive Politics, which tracks money in politics. "Corporations saw very little fallout for their election related activities and unlimited spending in 2010. And I think the gloves will be off in 2012."<o:p></o:p></span></p><p class=MsoNormal><span style='font-size:12.0pt;font-family:"Arial","sans-serif"'> <o:p></o:p></span></p><p class=MsoNormal><span style='font-size:12.0pt;font-family:"Arial","sans-serif"'>Just last Friday, a former top aide to Mitt Romney formed three Super PACs called "Jobs for Florida," "Jobs for Iowa," and "Jobs for South Carolina" -- early voting states, all.<o:p></o:p></span></p><p class=MsoNormal><span style='font-size:12.0pt;font-family:"Arial","sans-serif"'> <o:p></o:p></span></p><p class=MsoNormal><span style='font-size:12.0pt;font-family:"Arial","sans-serif"'>But he'll have to move quickly if he wants to outraise Colbert, who left the hearing in an SUV joking "Is there any more cash? That's it, thank you! Ball it up and throw it to me!"<o:p></o:p></span></p><p class=MsoNormal><span style='font-size:12.0pt;font-family:"Arial","sans-serif"'><o:p> </o:p></span></p><p class=MsoNormal><span style='font-size:12.0pt;font-family:"Arial","sans-serif"'>----------------<o:p></o:p></span></p><p class=MsoNormal><span style='font-size:12.0pt;font-family:"Arial","sans-serif"'><o:p> </o:p></span></p><p class=MsoNormal><span style='font-size:12.0pt;font-family:"Arial","sans-serif"'>Comedian Stephen Colbert, left, confers with his attorney Trevor Potter, as he testified before the Federal Election Commission in Washington, Thursday, June 30, 2011. Colbert, who plays a conservative TV pundit on "The Colbert Report," wants to launch Colbert Super PAC, a type of political action committee that would allow him to raise unlimited amounts of money from corporations, unions and individuals to support or oppose candidates in the 2012 elections through independent expenditures such as TV ads.<o:p></o:p></span></p><p class=MsoNormal><span style='font-size:12.0pt;font-family:"Arial","sans-serif"'><o:p> </o:p></span></p><p class=MsoNormal><span style='font-size:12.0pt;font-family:"Arial","sans-serif"'><img border=0 width=661 height=373 id="Picture_x0020_0" src="cid:image003.jpg@01CC374E.937F1DE0" alt="AP110630035290_620x350.jpg"></span><span style='font-size:12.0pt;font-family:"Arial","sans-serif"'><o:p></o:p></span></p><p class=MsoNormal><span style='font-size:12.0pt;font-family:"Arial","sans-serif"'><a href="http://i.i.com.com/cnwk.1d/i/tim/2011/06/30/AP110630035290_620x350.jpg">http://i.i.com.com/cnwk.1d/i/tim/2011/06/30/AP110630035290_620x350.jpg</a><o:p></o:p></span></p><p class=MsoNormal><span style='font-size:12.0pt;font-family:"Arial","sans-serif"'><o:p> </o:p></span></p><p class=MsoNormal><span style='font-size:12.0pt;font-family:"Arial","sans-serif"'>----------------------------------------------------------------------<o:p></o:p></span></p><p class=MsoNormal><span style='font-size:12.0pt;font-family:"Arial","sans-serif"'><o:p> </o:p></span></p><p class=MsoNormal><span style='font-size:12.0pt;font-family:"Arial","sans-serif"'>The Colbert Super PAC<o:p></o:p></span></p><p class=MsoNormal><span style='font-size:12.0pt;font-family:"Arial","sans-serif"'><a href="http://www.colbertsuperpac.com/">http://www.colbertsuperpac.com/</a><o:p></o:p></span></p><p class=MsoNormal><span style='font-size:12.0pt;font-family:"Arial","sans-serif"'><o:p> </o:p></span></p><p class=MsoNormal><span style='font-size:12.0pt;font-family:"Arial","sans-serif"'><o:p> </o:p></span></p><p class=MsoNormal><span style='font-size:12.0pt;font-family:"Arial","sans-serif"'>Stephen Colbert on . . .<o:p></o:p></span></p><p class=MsoNormal><span style='font-size:12.0pt;font-family:"Arial","sans-serif"'><o:p> </o:p></span></p><p class=MsoNormal><span style='font-size:12.0pt;font-family:"Arial","sans-serif"'>“Truthiness”<o:p></o:p></span></p><p class=MsoNormal><span style='font-size:12.0pt;font-family:"Arial","sans-serif"'><a href="http://www.tomandrodna.com/sounds/Truthiness.mp3">http://www.tomandrodna.com/sounds/Truthiness.mp3</a><o:p></o:p></span></p><p class=MsoNormal><span style='font-size:12.0pt;font-family:"Arial","sans-serif"'><o:p> </o:p></span></p><p class=MsoNormal><span style='font-size:12.0pt;font-family:"Arial","sans-serif"'>Seeya round town, Moscow.<o:p></o:p></span></p><p class=MsoNormal><span style='font-size:12.0pt;font-family:"Arial","sans-serif"'><o:p> </o:p></span></p><p class=MsoNormal><span style='font-size:12.0pt;font-family:"Arial","sans-serif"'>Tom Hansen<o:p></o:p></span></p><p class=MsoNormal><span style='font-size:12.0pt;font-family:"Arial","sans-serif"'>Moscow, Idaho<o:p></o:p></span></p><p class=MsoNormal><span style='font-size:12.0pt;font-family:"Arial","sans-serif"'><o:p> </o:p></span></p></div></body></html>