Stephen Colbert's satirical super PAC saves up nearly $1 million, but for what?



Comedian Stephen Colbert's satirical super PAC is sitting on nearly $1 million in donations just 16 days before the presidential election

Comedian Stephen Colbert's satirical super PAC is sitting on nearly $1 million in donations just 16 days before the presidential election, leading fans to wonder what in the world the perennially sarcastic host of 'The Colbert Show' could possibly be up to.

Colbert's super PAC, 'Americans for a Better Tomorrow, Tomorrow,' has spent just $80,000 in production and media buys so far and it has $779,000 in the bank, according to reports filed to the Federal Election Commission, the Hill reported.



Colbert initially formed the group as a way to illuminate what he deemed comical and contradictory about the formation of so-called super political action committees.



Super PACS, established by a 2010 Supreme Court law, can raise unlimited amounts of money from individuals, corporations and unions for political ads, as long as the ads are not directly coordinated with a candidate's campaign.



Critics say the groups pave the way for wealthy donors to single-handedly influence elections. Critics also charge that super PACs have opened the door to an onslaught of negative ads.

Colbert has tried to use his super PAC to highlight some of those criticisms.

Humor: Colbert has tried to use his super PAC, 'Americans for a Better Tomorrow, Tomorrow,' to highlight criticisms of the fundraising groups

Aiming to point out the absurdly vague definition of 'direct coordination,' Colbert threw his name in the bucket for the Republican nomination earlier this year and then transferred 'ownership' of the super PAC to his close friend and comedic foil, Jon Stewart.

The super PAC has not engaged in much advertising, however, with the exception of a couple ads supporting former Republican presidential candidates Herman Cain and Rick Perry.



Outside of politics, the group cut ads last year supporting NBA team owners 'who make sure Americans don't have to watch hockey,' which aired during the National Basketball Association lockout last year.

While 'Americans for a Better Tomorrow, Tomorrow' hasn't explicitly endorsed either of the candidates running for president, it has aired a satirical attack ad against Romney.

Spoof: Colbert's super PAC attacks Republican nominee Mitt Romney in a satirical ad that calls the candidate a 'serial killer'

The ad spoofs Democratic attack ads against Romney's time as CEO of the venture capital firm Bain Capital and his past remark that 'corporations are people.'

'Mitt Romney says he's for corporations... but Mitt Romney has a secret,' the ad's narrator says. 'If Mitt Romney really believes corporations are people my friend... then Mitt Romney is a serial killer.'