Stephen Colbert 'Must Be Stopped': Nancy Pelosi Trashes Faux Pundit's Super PAC [VIDEO]

 @DanRivoli on February 09 2012 3:59 PM

Stephen Colbert may be Comedy Central's faux conservative TV blowhard, but his Super PAC, as real as Karl Rove's, has educated the public on the boring world of campaign finance regulation.

Now, Democratic House leader Nancy Pelosi, in a web ad released Thursday, is taking advantage of Colbert's public crusade to highlight the ridiculousness of Super PAC loopholes to push a bill requiring corporations and unions to disclose more information about their political spending.

Stephen Colbert used to be my friend, the former House speaker says in the ad. But since the day he started his Super PAC, taking secret money from special interests he's been out of control, even using his Super PAC to attack my friend, Newt Gingrich.

Colbert must be stopped, she says.

Colbert, eager to capitalize on the corporate spending unleashed by the Citizens United decision, launched his Super PAC, Making a Better Tomorrow, Tomorrow last year.

The Super PAC raised more than $1 million dollars and even aired ads before the South Carolina GOP primary urging voters to support his fake presidential bid in the state by voting for erstwhile candidate Herman Cain. Another ad asked Iowa Republicans to vote for Rick Parry.

In Thursday's web ad, Pelosi urged Congress to pass the Disclose Act, legislation originally introduced in the wake of the U.S. Supreme Court's Citizens United decision. The landmark ruling tanked major pieces of campaign finance regulation, and allowed corporations and unions to spend unlimited amounts of money to groups operating on behalf of political candidates.

The bill, reintroduced Thursday, would require Super PACS, corporations, unions and other organizations that report to the Federal Elections Commission to disclose any campaign spending more than $10,000 within 24 hours. Other parts of the bill would require corporations and outside groups to stand by ads. The ads themselves would have to include a group's leader and top financial contributes.

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