Barack Obama’s victory will only lead to more job loss, claims Stephen Colbert, who during “The Word” segment of his show Wednesday shuttered to think of the damage an Obama presidency would cause to the “fear industry.” “A lot of hard-working scaremongers are going to lose their jobs.” Fear has been the currency of American politics, Colbert continued, but that fear bubble has burst. “We elected Barack Hussein Obama. What part of that doesn’t scare you?”

–Erica Landau

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