(Obama moved into White House in January 2009)

So after more than 7 years of the Bush Gang, WMD lies and ongoing slaughter and chaos in Iraq and Afghanistan, torture black sites etc..and the world's economy in freefall - Colbert chucklingly urged princely Princetonians to please perpetuate the status quo that was serving him and the affluent-wealthy minority just fine, thanks.
And most Americans would no doubt class Colbert as a liberal and a Democrat.