Utter Fantasy News Today

Properties. this is an old trump tool of the trade. they have been doing it forever. and hes now going after people who have used the same devices he has because hes profoundly paranoid. >> and david corn, the advice hes getting is just laughable at every level. the idea that there is an affidavit that you could get someone to sign that would in any way create a legal jeopardy is an utter fantasy. there is no legal case in which to issue this affidavit. affidavits are part of civil lawsuits. the...

He has because hes profoundly paranoid. >> and david corn, the advice hes getting is just laughable at every level. the idea that there is an affidavit that you could get someone to sign that would in any way create a legal jeopardy is an utter fantasy. there is no legal case in which to issue this affidavit. affidavits are part of civil lawsuits. they can be part of other judicial proceedings. they can be part of criminal cases. there is no case here. anyone there can sign an affidavit there sa...

Adviser on president obamas auto task force and john heileman. msnbc political analyst and writes for "new york" magazine. gentlemen, i want to start with steve. take a look at something you wrote in todays "new york times." you wrote romneys managed bankruptcy plan, quote, sounds like a wonderfully sensible approach, except that its utter fantasy. ive heard you say this before, but remind us. what is his plan and would it have killed the auto industry? >> you just heard him say he wanted them t...

>> i wrote an op ed in the paper and i said absolutely not. these companies need to go through a managed bankruptcy just like airlines have and other industries have. go through a managed bankruptcy. and if they go through the managed bankruptcy and shed the excess of cost put on them by the uaw and their own mismanagement, then if they need help coming out of bankruptcy, the government can provide guarantees and get them back on their feet. >> well, just the proof that he had that audience stac...

These companies need to go through a managed bankruptcy. just like airlines have. just like other industries have. go through a managed bankruptcy. go through that managed bankruptcy and shed the access of cost thats been put on them. then if they need help coming out of bankruptcy, the government can get them back on their feet. >> just to prove he had the audience stacked out, they applauded the word bankruptcy. no audience in america applauds the word bankruptcy unless they were cued to do it...

The government should have stayed on the sidelines and allowed the companies to go through what he calls managed bankruptcy. financed by private capital. that sounds sensible, except that its utter fantasy. michael steele, is that utter fantasy? >> its not. you have the tale of two automakers at the same time with ford and gm comparatively difficult positions during the height of this economic downturn and how both came through it. the problem with the gm story is that its not done and the reali...

Msnbc political analyst and writes for "new york" magazine. gentlemen, i want to start with steve. take a look at something you wrote in todays "new york times." you wrote romneys managed bankruptcy plan, quote, sounds like a wonderfully sensible approach, except that its utter fantasy. ive heard you say this before, but remind us. what is his plan and would it have killed the auto industry? >> you just heard him say he wanted them to go through bankruptcy and if government needed to help on the...