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>> he was willing to let detroit go bankrupt. i don't think he understood that saving the automobile worker, the saving the industry, what it meant to all of america, not just auto workers. i think he saw it the bain way. i mean this sincerely. i think he saw it in terms of balance sheets and write-offs. >> for more on the bain way, i'm joined by the author of the rolling stone cover story greed and debt. the true story of mitt romney and bain capital. matt taibbi contributing editor for "rolling stone." what is the bain way?

Detroit go bankrupt. >> i think he saw it the bain way. i mean this sincerely. i think he saw it in terms of balance sheets and write offs. folks, the bain way may bring your firm the highest profits, but it's not the way to lead our country from the highest office. [cheers and applause] heather: but are the democrats telling the real story about bain? deroy murdoch syndicated columnist and fox news contributor joins us now with more. thank you for joining us. >> hi, heather, how are you. heather: i'm doing good. you wrote an article, you called it obama's base banks with bain. what do we not ...

American jobs act about a year ago and of course congress blocked him. >> your old boss, the vice president, joe biden, eveshamering away on the struggles of the middle class. has been doing so on the campaign trail. never been more vocal than he was last night. take a look. >> i don't think he understood that saving the automobile worker, saving the industry, what it meant to all of america, not just auto workers, i think he saw it the bain way. i mean this sincerely. i think he saw it in terms of balance sheets and write offs. >> both sides want to go after the middle class, the democratic n...

Hasn't kept the promise he made four years ago. also a night for vice president biden who went after mitt romney here on his stance on the auto bailout. >> he was willing to let detroit go bankrupt. i think he saw it the bain way. i mean this sincerely. he saw it in terms of balance sheets and write offs. folks, the bain way may bring your firm the highest profits, but it's not the way to lead our country from the highest office. >> to help us separate fact from fiction is the "the washington post" fact checker. good to see you. good morning. as we did last week with mitt romney's speech we wa...

Current code. the people who use write-offs, loops holes and deductions are people in the top tax bracket, meaning more of their income is sheltered from taxation. you take away the loopholes and more of their income is subject to taxation, which allows us to lower everybody's tax rates across the board. it's a fair, simple, competitive system. we're here in the steel manufacturing fabricating business. this business is paying the individual tax rate, just like 80% of all businesses in america do. when you keep raising that top tax rate, you're punishing those successful small businesses, whic...