Stephen Colbert: Let's Invade Australia [Video]

So US President Obama lands in Canberra on Wednesday, and though PM Gillard won't yet confirm it, the Wall Street Journal suggests "a new and permanent US military presence in Australia" will be announced. Stephen Colbert's take: We're "Australian for f**ked."

The WSJ actually says no new US bases are planned, with the new agreement likely focused on granting American naval ships ongoing access to local facilities and expanded joint exercises.

Still, as Colbert says, "Australia is the gateway to New Zealand, and we know those hobbits have a weapon of mass destruction." [Wall Street Journal]

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