Colbert skewers Ralph Reed and the entire Christian Coalition in this segment. Ralph says that his values will win in November, which brings us to--The Word:

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There are a few people that have received an A ratings from the CC and are in a wee bit of trouble with the law.

Wikipedia: Following a well-funded but failed bid for the U.S. presidency in 1988, Pat Robertson used the remains of his campaign machinery to jump-start the creation of a voter mobilization effort dubbed the Christian Coalition. Under the leadership of Robertson and Ralph Reed, the Coalition quickly became the loudest voice in the conservative Christian movement, its influence culminating with an effort to support the election of a conservative Christian to the presidency in 1996. Ralph Reed took control of day-to-day operations of the Coalition in 1989.

(Post some of the great dialogue in the comment section and I'll update it later)