ENTERTAINMENT WEEKLY: Do you think anything will change if the Democrats control the White House and both houses of Congress?
JON STEWART: Look at what they promised when they took over Congress. I've never heard such hardcore rhetoric. ''The era of the blank check is over! And we will send a sternly worded memorandum nonbinding to somebody at the White House. Not necessarily the inner executive circle, we certainly don't want to offend, but...'' And then they got in and were like, ''Really, you want to eavesdrop? Okay, we'll let this one go. But this is the last blank check! Unless you want another. But let me say this: The next one will not be blank, because we'll just write in the memo line. Can we write in memo? Would you be bothered by that?''
STEPHEN COLBERT: One of the things I love about my character is I can make vast declarations and it doesn't matter if I'm wrong. I love being wrong. So my character can tell you exactly what's going to happen: The Democrats are going to change everything. We're going to have gay parents marrying their own gay babies. Obama's gonna be sworn in on a gay baby. The oath is gonna end ''So help me, gay baby.''
STEWART: Then they'll head right over to the abortion mixer. There'll be a dance, and then there'll be a little tent set up outside, just in case anybody wants an RU-486.
There are a lot of issues in this election. The biggest one right now is the economy.
STEWART: We were in this huge credit crisis, out of money. Then the Fed goes, We'll give you a trillion dollars, and all of a sudden Wall Street is like, ''I can't believe we got away with it!'' Can you imagine if someone said, ''I shouldn't have bought that sports car because it means I can't have my house,'' and the bank just said, ''All right, you can have your house. And you know what? Keep the car.'' [He throws up his arms joyfully and shouts] ''Yeaaaaah, I get to keep the car! Wait, do I have to give the money back?'' ''No, it doesn't matter.'' ''Yeah, I'm gonna get another car! I'm gonna do the same thing the same way, except twice as f---ed up!''
COLBERT: The idea that Lehman Brothers doesn't get any money and AIG does reminds me very much of ''Iran is a mortal enemy because they have not achieved a nuclear weapon. But North Korea is a country we can work with, because they have a nuclear weapon.'' The idea is, Get big or go home. How big can you f--- up? Can you f--- up so bad that you would ruin the world economy? If it's just 15,000 who are out of jobs, no. You have to actually be a global f---up to get any help.
So what do you think is the issue that people will end up voting on?
STEWART: Whatever happens that week. It all depends on when that Michelle Obama ''I hate whitey'' tape comes out. If it comes out now, it could dissipate by the election. But if it comes out a couple days before, that could be dangerous.
COLBERT: Jon? I have it.
More Stephen Colbert, Jon Stewart, and the 2008 Presidential Election:
The Colbert Report Writers Present: Eight Possible October Surprises
David Letterman: What did you think of his no-show smackdown of John McCain
Jon Stewart and Stephen Colbert: Weigh in on the EW cover at PopWatch
The Daily Show and The Colbert Report return from writers' strike hiatus
Obama-McCain pop-culture debate
From the EW archive: Jon Stewart: 2004 EW Entertainer of the Year
From the EW archive: Stephen Colbert interviews himself before the Colbert Report premiere
From the EW archive: Jon Stewart Q&A, Sept. 2004
From the EW archive: Stephen Colbert Q&A, August 2004
From the EW archive: Jon Stewart finds real success with fake news, Oct. 2003
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