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Mitt romney was basically a banker, he was an investor, and he knows, and you ask any investor whether they want the fed involved or prosecutors involved in regulating the financial markets, of course they do. they don't necessarily want government taking over the stock market and with the exception of the auto bailouts, in most cases, that's not what's on the brink in the united states, but you need government and rules and prosecutors if you want to have free markets. so this is a very tendentious argument. >> krystal, what explains team obama trailing team romney on fund-raising? >> well, i...

President obama's stewardship of the economy. he said i know you are impatient, this takes time. he praised the auto bailouts. he also said mitt romney if he's elected with republicans on the hill, it would be clam us for this nation. but then bill clinton appeared to go off message by not being able to help himself from mentioning that he was a good steward of the federal budget at a time when president obama is facing charges that we are deeply in debt. >> i care about the long-term debt of the country a lot. remember me, i'm the only guy who gave you four surplus budgets out of the 8 i sent...

President obama basically came in and did what the bush administration had started and put in motion. >> they will be inseparable when the history books are written. because george w. bush began what barack obama finished with the bank bailouts, with the auto bailouts. you know, even president bush, mika, as we have said before, has come out -- one of the few things he has said publicly in commenting about this president's tenure has been that he would have done the same thing with detroit. >> and unlike other situations, the transition was graceful. there's been nothing but a graceful sort of...

Nutti nutting. >> first, respond to your criticism that the president's spending simply reaches the wrong conclusion? >> well, people have quibbled with my numbers, but i still don't believe i got it wrong in a major way, because it does not change the story at all that spending accelerated before obama took office with the t.a.r.p. bailout and with the expansion of unemployment benefits and medicaid and all of the other things that happened when masses unemployment hits, but really since then, spending has been on a really flat trajectory. even though we have had the stimulus, and the auto ba...

Odd, all right, if you're going to criticize what he did at bain capital with private can't capital with his capital, risking his money, the firm's money gets pill loried, but not the administration, essentially doing the exact same thing, but with tax dollars. >> very different situation, actually. i hate this ad. >> neil: very different, a lot more money. >> no, very different because the bain was trying it make an investment to make money. the government was trying to make an investment to save-- >> no, no, wait a minute. and called in to save a lot of the enterprises and-- >> wait, wait. >...