Watch “Emperor” Obama Take Over Hosting Duties for Colbert

“You’ve taken plenty of shots at my job. I’m going to take a shot at yours.”

And with that, President Obama seized control of a special D.C. edition of “The Colbert Report” last night, leading off by taking over hosting duties for the latest installment of “The Word,” or as the president promptly renamed, “The Decree.”

Later on, the two sat down and discussed everything from the midterm elections to the nuclear launch codes. Regarding immigration reform, Colbert asked his guest, “You realize you’re an emperor now…Why did you burn the Constitution and become an emperor?”

Colbert, who will be replacing David Letterman over at the “Late Show” soon, concluded the special appearance with a suggestion that melded both immigration legislation and Keystone into one bizarre policy proposal. The president declined: “Stephen, that sounds like a ridiculous idea. But that’s why you’re where you are, and I’m where I am.”

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DECEMBER IS MAKE OR BREAK

A full one-third of our annual fundraising comes in this month alone. That’s risky, because a strong December means our newsroom is on the beat and reporting at full strength—but a weak one means budget cuts and hard choices ahead.

The December 31 deadline is closing in fast. To reach our $400,000 goal, we need readers who’ve never given before to join the ranks of MoJo donors. And we need our steadfast supporters to give again—any amount today.

Managing an independent, nonprofit newsroom is staggeringly hard. There’s no cushion in our budget—no backup revenue, no corporate safety net. We can’t afford to fall short, and we can’t rely on corporations or deep-pocketed interests to fund the fierce, investigative journalism Mother Jones exists to do.

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