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Well we also have fewer horses and bayonets. >> i asked the president's very adviser who wrote that line and he with a straight face said this. >> the president comes up with all our best lines? >> he does come up with that? that's the official spin after the spakt fact. >> the horses and bayonets line is so good, it's so perfect, that it has the whiff of comedy writer about it. team obama knew that mitt romney was going to do his bit about having fewer ships than he had in 1916, because romney says that pretty much everywhere he goes. they knew the president had to be ready with that. someone...

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>> he does come up with that? that's the official spin after the fact. >> the horses and bayonets line is so good, it's so perfect, that it has the whiff of comedy writer about it. team obama knew that mitt romney was going to do his bit about having fewer ships than he had in 1916, because romney says that pretty much everywhere he goes. they knew the president had to be ready with that. someone came up with that devastating line about horses and bayonets. there was something familiar about the horses thing when i heard it. and today, i reached for a book that speech writers have nearby when ...

States next. and in the rewrite, we will unmask the comedy writer who come up with the horses and bayonets line, the line of the night in last night's debate. and later d.l. hughley will tell us exactly what romney was thinking when the president was lecturing him about horses and bayonets. of any small business credit card. your boa! [ garth ] thor's small business earns double miles on every purchase, every day! ahh, the new fabrics, put it on my spark card. [ garth ] why settle for less? the spiked heels are working. wait! [ garth ] great businesses deserve the most rewards! [ male announce...

The problem is bankruptcy would have generated huge employment losses. it would have generated maybe a tiny little company that was profitable but it would not have protected american jobs. this is what this man doesn't understand. >> and steve ratner was on "hardball" earlier tonight and he said it was so bad at that time that they didn't have money to pay for their supplies, they would close their doors and liquidate. that's how bad it was when the president intervened. ted strickland and robert reich, thank you for joining me. >> thank you. >> thank you. coming up, nbc news is now officia...