/// Nancy Pelosi Gets In on the Colbert Super PAC Gag

February 11, 2012  |  Media Week

The irony is so thick you could spread it on toast. Follow me, if you can: Nancy Pelosi released the above fake-smear ad urging viewers to stop Stephen Colbert from going hog-wild with his shady super PAC money, basically continuing the in-joke that the Colbert Report host started last year when he got approval to start a real, honest-to-god super PAC, which he made a major part of an ongoing series on the Report about the evils of super PACs. The point, originally, was to showcase the absurdity of the Supreme Court's 2010 Citizens United v. FEC ruling, which allows anyone with the money and the inclination to create: A) a corporate entity called a super PAC that can accept unlimited financial support from corporations and unions and then directly support a candidate's political campaign (although the candidate himself can't run or “coordinate with” the super PAC, whatever that means *) and B) a 501(c)4, basically a nonprofit lobbyist organization that doesn't have to disclose its sources of funding … and can give all its money to the super PAC, thus obscuring the PAC's sources of funding. In other words, you can indirectly donate to Mitt Romney's campaign by donating to his 501(c)4, which can turn right around and give your money to pro-Romney super PAC Restore Our Future, and your name will not appear on the latter's publicly available donors list. Believe it or not, this makes for some very funny spots,

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