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sucked the life out of us. pretty strong words. the ad is clearly designed to tug on emotions to paint mitt romney as a heartless corporate raider who cared nothing for the workers at the steel mill. the romney campaign points out that romney wasn't actively managing bain when that steel plant closed. you can make the argument that the ad is fair game because he repeatedly said he created jobs even though the goal of bain capital was not job creation, it was money creation for its investors. that's what private equity is all about. what's interesting, however, is the obama campaign a...

i heard from awful them is a bipartisan call for action and alarm. >> the next into years could be the most consequential two years we see in washington and have seen in the last 50 or 60 years. >> and interest rates will go up so fast you won't be able to catch your breath. >> how much? how much are they going snup some wall street investors, the most bearish, say americans could relive the late '70s, early '80s. one investor told me he's mauking big bets in the treasury market, 17% for a mortgage. that may be incredibly dire, but it's happened before. debt on debt on debt means int...

secretary timothy geithner, house budget committee chair paul ryan, house speaker john boehner, alan simpson from simpson-bowles and what i heard from all of them is a bipartisan call for action and alarm. >> the next few years could be the most consequential two years we see in washington and have seen in the last 50 or 60 years. >> and interest rates will go up so fast you won't be able to catch your breath. >> how much? how much are they going up? wall street investors, the most bearish, say americans could relive the late '70s, early '80s. one investor told me he's making big bet...

bain capital, a private equity firm that sometimes led to people losing their jobs. that's what happened at the kansas city steel mill that's the focus of the new obama campaign ad. featuring workers who say that mitt romney and others ruined their lives. >> having a good paying job that you can support and raise a family on is hugely important. >> that stopped with the sale of the plant to bain capital. >> i know how business works. i know how jobs come and go. >> bain capital was the majority owner. they were responsible. mitt romney was deeply involved in the influence that he exo...

outfront tonight, crisis in america. just take a look at this video. sums it all up. you at home watching, me, all of us are hurdling fullboard a cliff that could be our doom. this is the so-called fiscal cliff. $15 trillion in debt climbing every day. $2.8 trillion in tax cuts scheduled to expire this year. another debt ceiling drama looming. if we hit this cliff, we'll die. tonight i spent the day hearing the conversation at the fiscal summit from the key players, a bipartisan group including president bill clinton, treasury secretary timothy geithner, house budget committee chair ...