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Poor Stephen Colbert. He was temporarily very excited over the prospect of Paul Ryan as our next President of the United States, only to have his hopes dashed by Mittens. After realizing he was going to have to live with Ryan only having the second spot on the ticket, Colbert went on to talk about how jazzed everyone's going to be with their plans to lower Romney's tax rate to 0.82 percent, gutting all non-defense spending, turning Medicare into a voucher program and ending Social Security.

Colbert also took a shot at Romney for having his son break the news to Portman and Pawlenty that they weren't going to be his running mate. Which as he noted was better than how he treated Chris Christie, who (according to Colbert) got the news from Rafalca the Romney's dressage horse, or Bobby Jindal, who Stephen claimed got the news from watching this very show.

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Please... let it be Paul Ryan - Romney to announce running mate Saturday in Va.:

NORFOLK, Va. (AP) -- Republican presidential candidate Mitt Romney will announce his running mate Saturday morning in Norfolk, Va., his campaign said Friday night.

The short list of candidates - if there is one - is believed to include Ohio Rep. Rob Portman, former Minnesota Gov. Tim Pawlenty and Wisconsin Rep. Paul Ryan. In a statement issued Friday night, the Romney campaign said the running mate would be revealed at 9 a.m. EDT at the Nauticus Museum. Romney is kicking off a four-day bus tour through swing states.

Speculation has focused in recent days on Ryan, the seven-term congressman. Conservative pundits have been urging Romney to choose Ryan in large part because of his authorship of a House-backed budget plan that seeks to curb overall entitlement spending and changes Medicaid into a voucher-like system to save costs.

Pawlenty was maintaining his Saturday schedule campaigning for Romney in New Hampshire, an official close to Pawlenty's political team said. The person spoke on the condition of anonymity because the person was not authorized to speak ahead of the formal announcement.

The Wall Street Journal, in an editorial on Thursday, praised Ryan as a strong choice for Romney: "The case for Mr. Ryan is that he best exemplifies the nature and stakes of this election. More than any other politician, the House budget chairman has defined those stakes well as a generational choice about the role of government and whether America will once again become a growth economy or sink into interest-group dominated decline."

Romney's choice comes as he tries to repair an image damaged by negative Democratic advertising and shift the trajectory of a campaign that's seen him lose ground to President Barack Obama. Read on...

UPDATE: It appears my wish may have come true and that Romney is going to pick Ryan. I guess we'll see once the announcement is made in the morning. In the mean time, here's the crew over at MSNBC pretending that Ryan's budget policies don't matter all that much because as David Gregory let us know, some in the Republican party consider him a "visionary." If anyone wants a preview of what Meet the Press is likely to look like this Sunday, I'd say you've got one with this late night coverage of Romney's potential announcement of Ryan as his VP from MSNBC. Video below the fold.

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Here's Dave's Top Ten List from this Wednesday evening's Late Show With David Letterman: Questions on the Application to Become Mitt Romney's Running Mate.

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This Friday during his New Rules segment, Real Time host Bill Maher went through the list of potential running mates for Mitt Romney and finally ended up suggesting... the Real Time host himself, Bill Maher. As Maher noted, they disagree on almost every issue, but so what? Romney's already disagreed with himself on every issue as well with his flip flopping.

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I'm not sure what David Gregory has been smoking that he felt the need to ask former Speaker of the House and presidential candidate Newt Gingrich if he a: had any advice for Gov. Martin O'Malley should he run for president at some time in the future and b: if there's a snowball's chance in hell of Mitt Romney asking Gingrich to be his running mate, but he actually asked both near the end of his interview with the two of them on Meet the Press.

Newt Gingrich: 'Highly implausible' I would be Romney's running mate:

Former GOP candidate Newt Gingrich said it would be "highly implausible" for him to join Mitt Romney on the ticket as vice president.

Asked about his interest in serving as Romney's number two, Gingrich refused to rule it out, but made clear that he was not expecting to be in the running.

"I think that's highly implausible," he said on NBC's "Meet the Press." "I find that as implausible as you find it."[...]

Appearing alongside Maryland Gov. Martin O'Malley, who has been rumored to be a 2016 Democratic candidate for the White House, Gingrich offered pointed advice for a potential run.

"Raise a lot of money," he said, emphasizing the difficulties of a presidential bid.

"This has been a brutal, tough process at least since 1800, and it hasn't gotten any less brutal. It probably shouldn't," he said. "If you're not tough enough to get to the presidency, you're not tough enough to be president."

I doubt Gov. O'Malley could use any of the advice Newt Gingrich could give him about being a successful presidential candidate, but if he needs some advice on how to sell books while pretending he wants to be president, I'm sure Gingrich could be very helpful in that regard.

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John McCain embraces his former running mate Sarah Palin's "death panel" rhetoric on Sean Hannity's show last night and throws in a little fear mongering about socialized medicine for good measure. I want to know when McCain is going to give up his government health care since he thinks it's so scary.

HANNITY: Senator, your running mate, Governor Sarah Palin, came out with a very hard-hitting posting on Facebook, which I agreed with especially in light of what we've seen in Great Britain and Canada and elsewhere.

And then we had the Obama administration that brought back this book that the Bush administration had gotten rid of, "Your Life, Your Choices." They go through a series of scenarios with veterans at VA hospitals and nursing homes, which basically says, well, you know, you don't want to be a burden to society, to your family.

Is that the kind of death panel that maybe people were afraid of when they read pages 425 to 430 of the House bill?

MCCAIN: Yes, but I think they're also concerned because they're well read, they're well informed, they're knowledgeable. They know what's happening in other countries where basically there is a rationing of health care particularly when people reach a certain age as to what kind of treatment they can and if they can get it.

The incredible delays in acquiring that kind of care, so I think it's and not just that, I think it's the example of government-run health care in other countries which is not — America is not ready for that.