The Colbert Report Takes on Video-Gate Again

| Thu Sep. 20, 2012 5:23 PM EDT

On Wednesday, Stephen Colbert took on video-gate again. This time, the satirist focused on the "secret" Obama video that has surfaced in the wake of the Romney fundraiser videos Mother Jones released earlier this week.

Colbert notes that Republicans are jumping the Romney ship left and right, but that "there is a new video that strikes a crushing blow to the Obama campaign—and it is everywhere, from Fox News to Fox Business News."

The video of Obama, which is from 1998, reveals that he favors "redistribution" and thus is... a Democrat. "He dropped the R-bomb! Redistribution! Which is just fancy talk for a black guy is coming for your stuff."