Comedy Central’s Stephen Colbert has come to the conclusion that if he wants to compete with Mike Huckabee and Sarah Palin then he will need to launch his own political action committee (PAC).

“HuckPAC, by the way, I believe is Klingon for ‘out after Iowa,’” Colbert noted.

This video is from Comedy Central’s The Colbert Report, broadcast March 30, 2011.