Stephen Colbert Transfers Super PAC to Jon Stewart, Forms Exploratory Committee For Presidential Run

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Boosted by a poll showing him leading Jon Huntsman in South Carolina, Stephen Colbert kicked off his Comedy Central show Thursday by bringing out his lawyer, Trevor Potter, to discuss the logistics of a possible presidential run.

The first order of business: Colbert's Super PAC. A candidate can't run a political action committee, even if said committee supports said candidate and raise unlimited funds.

“Can I run for president and keep my Super PAC?” Colbert asked. Potter replied, “No... A candidate cannot run a Super PAC. That would be coordinating with yourself.”

Colbert: “But... I love my Super PAC. And I love money.”

Trevor explained that someone else could take over the Super PAC, as long as it that person and Colbert do not coordinate strategy. Seriously, this is the law.

Who better to do the job than Jon Stewart!

“I’m honored,” he said, signing documents and holding hands for a “super activation.” With Stewart at the helm of Colbert’s Super PAC, what's Steve's plan?

“I am proud to announce I am forming an exploratory committee to lay the groundwork for my possible candidacy for the President of the United States of South Carolina!”

Colbert, a native of the Palmetto State, previously offered to fund the upcoming January 21 Republican primary in exchange for its naming rights.

He's got our vote. Colbert/Stewart 2012?

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I love Stewart & Colbert! They can make the ugliness of politics funny! Plus they show you just what hypocrites most of these candidates are. Truthiness all the way!

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PAC- Political action committee

Stephen Colbert Biography

Rallying for America Stephen Colbert: The conservative talk show host tells it like it is. The man invented the word "truthiness" and he spends every... More »
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Stephen Colbert