Stephen Colbert: The 'big' announcement

Stephen Colbert -- the best-polling comedy show host in the South Carolina primary -- made his big announcement last night ... he's forming an "exploratory committee." 

OK. Noted and a bit of a let-down as some fans expected he'd announce his candidacy on the program. That would have been impossible, however, because he is the proud father of a political action committee, and the law still doesn't allow PACmen to run for president. 

Colbert, nevertheless, handily, dispensed w ith that challenge. He passed on management of his PAC to someone very familiar ... Watch and learn plenty ...