Video: Colbert Launches His Own PAC; Palin Creates Another New Word
Stephen Colbert decides to start his own PAC, "Being a pundit these days is not enough anymore. If you want to be a political playa' in 2012 you need a PAC."
Jon Stewart wants to know which 2012 GOPer will be able to connect with, "Base-istan. Base-istan of course that rarest of countries where somehow every part of the country is in the middle."
Today's Must See Moment -- Fast forward to 2:41 when former Alaska Governor Sarah Palin introduces a new word to the English language. Then let us know which "Palin-ism" is you're favorite in our Late Night Poll.
Take our Late Night Poll after the jump!

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