Exclusive interview: Dem. candidate Elizabeth Colbert Busch

>> as a broadcast journalist i am obligated to maintain pure objectivity, it doesn't matter that my sister is hard working and dedicated to the people of south carolina .

>>> joining me now, the dedicated, hard-working, compassionate sister of stephen colbert , joining me, elizabeth colbert busch joins me by phone. elizabeth , thank you for joining us.

>> lawrence, thank you for having me, i'm just delighted to join you.

>> and may i call you elizabeth ?

>> of course you may.

>> may i call you lulu, which is what stephen apparently calls you in a fundraising letter he has written for you?

>> yes, you may.

>> i'm going to stick with elizabeth , i'm more comfortable with elizabeth . we have the first case of campaign sabotage here on the screen. we have not had a satellite failure in the 35-year history of this program. this is the first time it has ever happened. i don't think -- i don't believe in this kind of coincidence, do you?

>> i think it probably is just a coincidence.

>> all right. you're very trusting, but you're new at this politics thing. i noticed on your website, a picture of your father with president kennedy . he was part of the group "physicians for jfk" during the president's campaign in 1960 . so your ties to democratic politics and to politics go way back?

>> they do, they go very far back. and when that picture was taken, i was actually 6 years old.

>> oh, and there is another picture on the website of the whole family, with that little stephen , the youngest of the whole group there, 1968 family picture, which we're showing right now. at that time, let's start there. okay? with this mystery. at that time, did everyone in that group pronounce your family name the same way?

>> yes.

>> and how did they pronounce it then?

>> colbert .

>> and how do you pronounce it now?

>> colbert .

>> and what is that guy in new york up to?

>> his name is stephen colbert . but there is a story behind that.

>> okay, what is the story?

>> okay, when we were growing up, my father told us the story about our heritage, and that we actually came from a french family out of a place in france. and the man's name was john colbert . and so that is where that name came from. your father said the name is colbert in french, we pronounce it colbert . so you choose which of you would prefer. some of my brothers chose colbert , and some of us chose colbert .

>> and obviously, anybody with political dreams went with the american sound of it. i had questions sent in by the audience tonight, they're very excited to get questions to you. this one is from d-mac on twitter, ask her how tired she is of the question, what is stephen like, was he really funny?

>> stephen was actually the youngest of 11. and he was an observer. stephen always watched what was going on. there were ten of us running around, stephen is the youngest, he was always the observer, watching everything that we've done. he has always had a very intellectual sense of humor.

>> all right, this is a question, is the stephen colbert going to help you finance the campaign?

>> well, the answer is no, before i announced the campaign, stephen decided to distribute the funds for the super pac, distributing them.

>> so he blew the money before you needed it, is what you're saying?

>> yes, he gave to very worthy causes.

>> so elizabeth , south carolina , running for congress, there is a good chance you will be running against mark sanford , who is very low right now in the polls. is that your road to victory, beating a scandal-victimized former governor?

>> well, lawrence if you don't mind me saying so we still have a democratic primary to get through on march 19th .

>> no, we have declared you the winner of that already, yeah, you have won that.

>> all right, thank you, well, what we'll have to do, because there are 16 republican candidates, all having a primary on march the 19th, as well, with a likely run-off, what we'll do is sit back and wait until the republicans decide who their candidate is. and once that happens, then we'll address it then.

>> i noticed also on your website that it says you have a quote that you live by, don't be afraid. take every legitimate adventure, now that is an obvious shot at mark sanford .

>> actually, that is a quote --

>> come on, the word legitimate.

>> it is a quote from my mother and father.

>> they --

>> it is. that is really a quote from my mother and father, yes, when we were growing up they always said make sure if you want to take an adventure, take a legitimate one, and don't be afraid, just move forward.

>> i agree completely on the ling legitimate part of that whole adventure. now, this busch thing, how convenient of you to work the name, busch into the political run, how convenient to have that nice word, busch , for your