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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Our news will always be free to read, watch, and listen to online. But what is its value?

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It IS free for you and every reader, viewer, and listener to utilize. But it’s not free for our team to make. So, what’s it worth to you? Let us know by making a donation: Make a one-time donation today to support this work. Or make a monthly sustaining donation to help us plan for the future.

Whatever you choose, know that you’re supporting more independent, investigative journalism in a time when we need it most.

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