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Jenna: here's the question, is it an irrational level at this point? when we look at stocks this relation to what's happening with the economy, does it make sense that the stock market's where it's at? >> most investors think, well, i'm going to read the headlines and see what the economy's doing. there's a major disconnect between the headlines and the stock market. an old, wise wall street guy told me you could every day open a paper and have ten reasons why you should not be buying into stocks. but if you've done that, you've missed out on the biggest wealth creator we've ever had in this c...

And said he thought that this line of attack was nauseating. he said he wouldn't join the fry an attack private equity. mention and unions invested in firms like bain capital in my state and my city. he was taken to the wood shed. in hours released lengthy statement on youtube better explaining his view. >> bret: not walking it back. >> no. he defended himself but he also said, which is the -- he referred to the point the obama team is trying to reiterate, which is you can't call private equity experience job growth experience. that is not a job creator. you are a wealth creator if you're succ...

Because he sounds so formal and botch it all. what he needs is somebody like bill clinton to explain the good side of what bain capital was. >> if you look at the writers that were looking at bain capital, their job is to not make jobs. and mitt romney mistake was to claim that because of his experience at bain capital, he is a job creator. that is not really what bain capital is all about. >> no, it's a wealth creator and a wealth creator for the investors and it was a misstep for if campaign. i mean, i think, in someplace kay ways he left himself open to these charges and they are now coming...

Private equity firm, here's what romney did. they borrow capital to buy existing companies, they attempt to make companies more profitable in short term, by cutting expenses, firing staff, busting unions, cutting salaries, health care and pensions. they reward themselves with large fees and bonuses taken from the company's cash flow and sell off the business and reap the profits typically leaving companies load down with debt. in some cases it worked out well for companies. the point is that romney wasn't a job creator so much as he was a wealth creator for his partners and investors, making m...

Romney did. they borrow capital to buy existing companies, they attempt to make companies more profitable in short term, by cutting expenses, firing staff, busting unions, cutting salaries, health care and pensions. they reward themselves with large fees and bonuses taken from the company's cash flow and sell off the business and reap the profits typically leaving companies load down with debt. in some cases it worked out well for companies. the point is that romney wasn't a job creator so much as he was a wealth creator for his partners and investors, making millions of dollars for them at th...