him, don't you? we throw him out. >> we save drinks for men in here that want to get drunk fast. >> i love you women! >> with the sight of love. >> no one will care more. >> i'm in this race because i care about americans. i'm not concerned about the very poor. we have a safety net there. >> no one will move heaven and earth like mitt romney to make this country a better place to live. >> what about those very poor? >> not familiar precisely exactly what i said but i stand by what i said whatever it was. ♪ >> we are following two big stories at this hour. day two of the republican convention down in tampa and, of course the severe conditions on the gulf coast with isaac now downgraded to a tropical storm but still bringing drenching rains and fierce winds to the

same region battered by hurricane katrina seven years ago. this, of course, strikes mitt romney as a jolly excuse for another attempt at touching our funny bone. as he jetted off for the american legion convention in indiana. >> i appreciate this invitation to join you on dry land this afternoon. >> please, mr. romney, stick with private equity. leave the comedy to the professionals and indeed tonight is another big one for the gop. paul ryan just done a walk-through on the stage in tampa preparing for the biggest speech of his political career. he's got a tough act to follow after a speech last night from the other person that mitt romney once proposed to, his wife, ann. >> i want to talk to you from my heart about our hearts. i want to talk to you about love. abiding love, profound love, love so deep, love, love. i love you women!

>> yes, indeed. clearly some in the convention audience were moved to tears. but will her speech move the needle with women voters snr that remains to be seen. in fact the gop might prefer it if women in particular return to regular programming after ann's speech since the next speaker, new jersey governor chris christie, quickly smacked down the whole idea of love republican style. >> see, i believe we have become paralyzed, paralyzed by our desire to be loved. tonight we are going to do what my mother taught me. tonight we are bogey to choose respect over love. >> that's interesting because there's little in the way of respect or love in the republican plat form endorsed at the convention fuss. the document that embraces paul ryan's plans for deep cuts and medicare and medicaid, not a lot of love for the elderly or the

poor or the disabled. little love for immigrants either with a call for english as the official language. not so much for gays and lesbians by reinstating don't ask, don't tell and preventing federal recognition of same-sex marriages. that's okay. they do get, quote, respect and dignity. not so much for women, though. with the platform raking back rights, offering no exceptions to a complete ban on abortion, even in cases of rape and incest, and now even barring or banning the morning after pill, again even in cases of rape. ing congressman ryan. >> i a v always adopted the idea the position that the method of conception doesn't change the definition of love. >> more from where that came from because guesses who sells speaking tonight, yes, mike huckabee. who says todd akin is not the real off ender. he says it is the president. >> the issue is not someone comment that one person made and repudiated and apologized for.

it is the litany of things that barack obama has done, actually done, has never apologized for gender selection abortion. >> oh, boy. are you feeling the love yet? because i know i am. i'm joined now by my esteemed msnbc colleague lawrence o'donnell, host of "the last word" who joins us live from tampa. good afternoon. and it is -- >> martin, i'm just sitting here desperately wanting to be loved like chris christie says i am. he's absolutely bright that. he's got me. >> please feel the affection that our broadcast conveys to you. >> martin, that was the single worst phrasing and line i have ever heard in a convention speech. what could he conceivably have meant that anyone in this country who isn't a republican is curled up in some pathetic way desperately wanting to be loved and republicans don't need to be loved. it was -- how did they get into in a in the speech? >> i guess in his defense, he would say that he believes

there's been a lack of respect, i guess, for authority or government. and he wants to bring respect back nook america. >> his only defense is the other guys wrote this speech. they forced me to say it word for word. it is their convention. they own every speech. they own every word of every speech. >> okay. well, it is sort of a beauty and beast tonight because we have mike huckabee and paul ryan. but who is going to bring the love and who is packing the respect tonight? can you divide those? >> well, you know, huckabee is such an interesting character. you know, he dropped out of theological ceremony and couldn't -- seminary. he couldn't make it through. but that didn't stop him from then becoming a pastor for several years before being governor. so this should be the night for religion in the hall where mike huckabee is up and there's absolutely no separation of church and state with mike huckabee. it is going to be the speech

that congressman akin would make if they would let him be here. by the way, martin, congressman akin lives in these -- in these hallways here. i have seen plenty of akin campaign buttons here. people that try to pretend that everything he thinks isn't welcomed here. i don't know what those akin campaign buttons mean that i have been seeing in the hall. >> you have been seeing quite a few. you called it perfectly last night on this broadcast, you say that -- said chris christie's speech would be all about chris christie. we have been through the speech word for word. discover ad remarkable use of personal proceed nouns. mr. chris tee used "i" no less than 47 times. the word "me" on 11 separate occasions. but only used the words mitt romney eight times, five of those in a single paragraph. so how do you feel about mr. christie's performance now n. >> look, i have seen him give much better speeches. i think he got -- i think he got nervous in front of this audience. he got stiffer than he usually

is. and they locked him on the teleprompter which every convention does. and christie on teleprompter is not as good as christie just working a stage in new hampshire or as i have seen him many times up there on the stump. just playing it fast and loose. you run the risk of him saying something he regrets. that way. but the performance is always much better if you let christie get off prompter. >> so in a sense he was somewhat shackled. last night ann romney says she loves the women. but today the speakers, if they are entirely honest, may be a little less kind to the ladies. is the advice to women to switch off the republican national convention for the rest of the week? because the sort of stuff they are going to hear is not going to be very full of love. >> yeah. if they could have gotten swing voters who are women to watch one speech here, absolutely would haven't ann romney's. but the challenge that mitt romney had was not just to deliver a puck tour of mitt that we haven't seen before and she

didn't do that. there was nothing other than the actual -- the literal pictures of mitt that were on the stage that mostly were not in the television shots of her speech. there is not one person in america with a new sentence today about mitt romney after his wife's speech. she also had the challenge of delivering to the country the idea that this is not some out-of-touch family that lives with their hundreds of millions of dollars at some isolation and insulation from the way the rest of the country lives. and i don't know what in that speech actually delivered that message successfully. >> well, she talked about her own personal suffering. she reflected on the fact that she said she had a normal marriage and not a story become marriage. not cutting the ice with you? >> i think -- actually i think the most effective part of her speech and truest part of her speech was when she actually was advising high school boys in america how to get a date. she said -- she said that mitt

made her laugh. she said that mitt was funny. as hard to believe as that is. what is true is that is the way to get a date in high school, be funny. >> i'm delighted you learned something from the speech. lawrence, we have seen -- >> no, martin, i have known that for a very long time. >> of course you have. i'm sorry. forgive me for questioning your skills in that particular area. we have seen an early draft of senate minority leader mitch mcconnell's forthcoming oration. can i quote something from you? for four years barack obama has been running from the nation's problems, he hasn't been working to earn re-election. he has been working to earn a spot on the pga tour. how about that? >> well, we know exactly what he's trying to do there. he is trying to align to tiger woods. surely, the -- lifestyle of tiger woods with barack obama. obviously nothing could be further from the truth. they find every way they possibly can to -- >> lawrence -- don't you

think -- don't you think that what he's really trying to do is to suggest that the president is not paying attention to the central issues that come with the responsibility he has? is he really -- mitch mcconnell really making a connection with tiger woods who, of course, has become infamous for chasing various cocktail waitresses around las vegas and so on? >> martin, there are many, many, many rhetorical choices you can make at any point in any speech to make whatever point up want to make. if he wanted to make the point that you just suggested and i think he does want to make that point, they had a menu of a minimum of ten different kinds of images that they could have raised. and i promise you, the speech writers went through reject three or four before they land order that one. that's the one they want for a very deliberate reason. that -- there's -- these people reach for every single possible racial double they can find in every one of these speeches you really believe that about mitch

mcconnell? >> i know these people are insensitive. i know the speech writers. i know the way they work. they do not have the same sensitivity level that other speech writers do. but when you get to the tiger woods reference, there were people in the speech writing room, i know this, without a shadow of a doubt, who said wait a minute, do we really want to go there? we really want to go to tiger woods and the vote and the room was yes, we do. mitch mcconnell agreed to do it. >> wow. things are getting lower and lower by the day. >> martin, that's the way this speech writing works. okay. they are not all completely tone deaf. there were people in that speech writing room who knew that we are taking this speech directly to a barack obama/tiger woods comparison. we are trying to put those two characters together. is that something we should really let the senate republican leader do and they all agreed yes, we should. and then the worst thing is the senate republican leader agreed

to do it. because he doesn't control his speech, martin. every speech here is controlled by the people running everything that happens in this room. that speech is not up to him word for word. >> okay. lawrence o'donnell, thank you very much indeed. lawrence will, of course, be a part of prime time convention coverage which follows this broadcast. keep it here. next, more red meat for the gop base. good times. tampa style. stay with us. >> the guy walked into a bar and heard that story and he said well, if you have a business, you didn't build that, well, you know what we would do with him, don't you? we would throw him out. >> soar why you, we are closed. >> what are all these people doing here? >> drinking and having a good time. >> well, that's why we are here. >> you are too stupid to have a good time!

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tuesday might was about much more than ann romney trying to humanize her husband. tuesday was the big kickoff to get the blood boiling and rebel roused with red meat issues, speaks to the delegates assembled. >> america needs a turnaround. specifically we need barack obama to turn around and go back to chicago. in 1923 there were no government benefits for immigrants except one. freedom. we must stop the assault on marriage and the family in america today. >> and what goes better with some red meat than a nice draft beer. so poor us a code one, mr.

speaker. >> my dad and uncles own ad bar in cincinnati. i worked there growing up. mopping floors and waiting tables, the ending bar. now if a guy walked into a bar and heard that story and he said well, if you have a business, you didn't build that, well, you know what we would do with him, don't you? we would throw him out. >> joining us now, james fellows, author of the new cover story in the atlantic but looks forward to the presidential debates. dr. james peterson. jonathan capehart, msnbc contributor, writer for "the washington post." in the belly of the beast. welcome to awful you. dr. peterson, you heard john boehner there utter the "we built it" line. it was one of the most popular as well as one of the most inaccurate. can you project a big tent around a line like that? >> i hope that we can inject some truth into this comment finally and at the end of day, i

don't know why these lies carry so much weight. even with the base. even as red meat, let's put the quote back into its context and remind every business own their they did not build the roads. they didn't build the infrastructure that facilitate it is development of their businesses. >> dr. peterson, this has become their rallying cry. this is on boards everywhere at the convention. >> that's insane. convention center that they are doing this in was built by through government subsidies and government support. so we really need on have a little bit of truth telling inject flood some of this discussion. because this slogan to me just -- it just reminds me of how much lies exist in the political process now. >> okay. jonathan, we heard red meat from is an tore sxum gop chairman and mr. boehner. but most of the speakers were governors and they seemed more interested in providing the crowd with their own resumes than than they did talking about mitt romney. what happened? >> well, what happened is what we knew would happen. these are -- these are governors, these are people who are potentially looking at standing on that stage and in

2016 where the republicans hold their convention. you know, from chris christie to governor mcdonnell of virginia. and they -- have an audience, they have a national audience. >> do they have no shame? >> no, they do not. no, martin they do not have any shame. would you if you are standing there before this screaming, cheering crowd wanting to show them that you are the person who could be their standard -- in four years and especially in a hall where you know that the current standard bear is someone that a lot of the folks in this hall don't luke still? >> james, no one has done a truly effective job of selling mitt romney. meaning it is up to his speech. i read your brilliant article about his abilities in this particular area. where you suggest that while he may be stiff and awkward on the campaign trail, he's actually much more formidable in the debate arena. >> yes. i think what makes the debates interesting, apart from being one time when an incumbent

president stands face-to-face on the same footing with a challenger is this turns out to be the best part of mitt romney's campaign arsenal and strangely it has been sort of the weakest part of barack obama. barack obama is -- reports famously formidable as a set piece order but will -- when it comes to debates he has not been as good there as he has been in his oratory. strangely, we have raerl at his best with obama in the area where he has not been as excellent as others. >> coming back to jonathan, i note that you write in the "washington post" that you went out looking for them. i'm quoting you. a black republican for romney. how did you get on? >> well, i -- thought that -- find one in the name of dr. alan johnson and it turns out that dr. johnson is from texas and he is -- a black mormon birther delegate for ron paul who voted for barack obama in 2008 and who thus that mitt romney is too close to president obama

politically and ideologically and that's why he has a problem with the now republican nominee for president. >> oh, dear. does that surprise you, dr. peterson? >> it doesn't us is prur -- surprise me. when they pan the people shots of people in the building, you have to know the whiteness that's there. there will be outliers. i chuckled because what jonathan is describing is someone that's an outliar, look at the cross section of that, it is not in line with the pro-rally of my particular demographic in this country. so when you look at the republican party and you look at the convention you can see how homogenous it is. the bottom line is they know what their challenges are and have to look themselves in the face when it comes to women and people of color and constitution of their party. >> thank you all important joining us this afternoon. >> thanks. >> next, we will have the very latest on isaac as new orleans feels the brunt of the storm.

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[ male announcer ] be sure to talk to your doctor before you begin an aspirin regimen. i'm a fighter and now i don't have that fear. isaac has been downgraded from a hurricane to tropical storm as it slowly carve as destructive path in land. at this hour flooding in plaquemines parish in louisiana. hundred reds of thousands are without power. joining from us new orleans is tamron hall. how have conditions worsened over the past few hours that you have been there? >> reporter: the good news, as you mentioned, the storm has been downgraded to a tropical storm. the bad news is that the surging water, as well as the flooding situation, is still perilous for so many people. you mention-- there could be do

not 100 people who need to be rescued from their homes. people who chose not to adhere to the mandatory evacuation. once this calms down a bit more, the coast guard certainly can get in there. but one of the things that is so uplifting at this point as we wait for this monster storm to finally pass over new orleans and out of the gulf coast, you have civilian s risking their on lives in this situation. we are waiting to see what the flooding situation turns into. the corps of engineers told me they plan to open the pump considered the largest in the world. try to get some of that water out of the area. governor t governor indicated that they may deliberately breach the levee in plaquemines parish to relieve the pressure of the water. we are at point i can't say where we are around the corner or around the bend, if you will, but will is light at the end of the tunnel to use another cliche

out there. another rough night for the people of this region. hundreds of thousands are still without power right now as you speak. you have at least a couple thousand without power in louisiana. several thousands more in alabama mississippi without power. the crews who repair the power lines and down as a result of the trees crashing, they can't get in there until the speed or wind reduces to at least 30 miles per hour. that's not going to be until perhaps tomorrow. once the flooding issue is dealt with, will, i think, look at people without power for days if not weeks to come at the repair crews get out there. the storm has been downgrade. the journey in this certainly continues and we will keep you up to date. >> tamron, thank you so much for your reporting and please be safe. >> thank you. >> of course, we will continue to monitor the aftermath right here on msnbc. stay with us. today's top lines are coming up. while some fiber ads use super models,

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from ann romney's love and chris christie's respect to john kasich's country club comedy. here are today's top lines. what happens in tampa. >> show in tampa i'm sure will be very entertain. >> i'm here in tampa's famous strip club district. as they call it here, tampa. >> temperature 72 degrees. humidity 50%. white people 98%. >> i want to talk to you about love. >> we have become paralyzed for our desire to be loved. >> i love you. i'm not embarrassed to say it. >> it is the moms. you know what it is like to work hard to earn the respect you earn at work and then you come home at night and help with a book report. >> is this your homework. >> i love you, women! >> we are going to do what my mother taught me. we are going to choose respect over love. >> you learn how to deal with every character who walked in the door. >> real leaders don't follow polls. real leaders change polls. >> usually when chris christie

talks for 45 minutes it is in the clown face at jack-in-the-box. >> hands that power and build america. hands that serve. hands that sacrifice. hands that pray. >> i don't know about you but i have got a feeling. >> what's burning down here? >> no one will work harder. no one will care more. no one will move heaven and earth like mitt romney. >> joe biden told me that he was a good golfer. >> what did you shoot today? >> i don't keep score. >> i played golf with joe biden. i can tell you that's not true. >> don't sell yourself short. >> let's say right now some guy walked into our bar. >> walks into a bar. >> some guy walked into our bar. >> to up press some girls and embarrass my friend. >> we would throw them out. >> we need politicians to care more more about doing something and less about being something. >> we need be d be-ers in washi.

>> from the gop convention floor, nbc's luke russert. look at him with the lights on him. what was your reaction to romney army's speech? did you think she mid a connection with female voters? do you think she was able to narrow the divide that exists currently between her husband and female voters? >> i was pleasantly surprised to see a tone from -- coming from the romney family in this case that opened a window into a personal side of them we didn't see before. however, the question that remains is that tone in that little window that was open continues getting wider because as we heard before, the party has had issues with women. but she was very human and felt believe sxabl -- believable and

tvrgs has been positive on the web. let's see. maybe it is a good chance, first good step. >> steve, you hail from new jersey and you are this network's biggest brain on the subject of chris christie. he didn't say much about mitt romney last night but he did make some claims about his own successes. take a listen to this. >> we have three balanced budgets in a row with lower taxes, we did it. we saved taxpayers $132 billion over 30 years and saved retirees their pensions, we did it. >> yeah. he also didn't refer to the fact that he's deferred contributions to state pepgss in order to close budget loopholes, directed money from the transportation trust found and fourth highest unemployment rate in the country ask slashed tax credits which help low income families. >> didn't mention he's constitutionally required to balance the budget every single year. every governor of new jersey and every governor of just about every state face it is same requirements. he's basically saying yeah, they tell me to show up and guess what, i showed up.

that's what that amounts to. the pension deal, you know is really -- the other thing he didn't mention there, he holds this up. this big -- he -- forcing state employees to contribute more in health care, saves the state a lot of money and holds this up as a bipartisan triumph because there is a democratic legislature in new jersey. the key to making that deal work is an alliance christie has with two conservative democratic boss necessary the state of new jersey. bosses, one is a friend of donald drum whose politics would not be recognizable in the national democratic party. they control votes in the state legislature and these are two guys that get to know the weeds and formed alliance was them and give christie credit as being governor for understanding how the relationships work and knowing how to exploit them. when he holds that up as an example and tries to make this as a comparison to, you know, in washington, you can learn a thing or two me, the dynamic doesn't exist down there. >> let's go to the star on the floor, luke. peggy noonan wrote the following about last night's speeches. i want to tell you they marched

out of the hall tuesday night with fire on their side but i was there and they did not. they walked out like people who weren't quite sure what to think or how to feel but were hoping for the best. so is paul ryan the man to change that uncertainty and make them feel completely confident once again? >> well, before i begin, i apologize for the noise. although i know it takes you back to your british punk rock days in london in the '80s. >> absolutely. >> that was you, my friend. the point that you said is very real. we were on the floor last might and there is a lot of -- at one point christie had to tell the audience to stand up. i spoke to one operative that said it was something that someone has to instruct the audience to stand up. talking to folks the romney campaign said no, people liked speech and were fired up. you weren't sitting in the right area. we expect tonight for paul ryan the faithful will be beating the drum, talking to a few folks,

there are volunteers that literally hold signs and they will be moved closer to the stage. throw the signs up. expect raucous atmosphere mainly because will are so many med rite conservatives who are a little tepid about their excitement for mitt romney why they come into the fold, paul ryan. will he deliver sarah palinesque rhetorical fire-up pit bull with the lipstick? not going that route. i heard the speech will be more about his story in jamesville and talking also about his -- election about the tough choices and why mitt romney's the person to take the country in the right direction. but make month mistake about it. these folks at this convention hall, they want something that they can march out to. paul ryan probably the best man to driver that within this current gop party. >> i doubt he will mention forcible rape. what does paul ryan have to do tonight to convince potential swing voters the republican party is a big tent and welcomes

everybody? what's he have to do? >> well, the number one subject that has been a dark cloud over him has -- has to do with health care. hay needs to clear that topic and address it because in many cases with topics that are difficult like immigration and health care and like women's issues, it is so much easier to ignore them all together. address and it address it with a clearance that takes all this doubt that we may have in terms of his very ultra conservative, you know, minded policies for health care. and how he will extend options for everyone to benefit in a fair and complete way. >> steve, paul ryan says it is the president who makes policy. but ryan is, in fact in lock step with the gop platform this year. particularly when it comes to issues like abortion and immigration and so on. how does he walk that line tonight? >> i think he kind of avoids it. you know, abortion is a good

example because the republican party has sort of, you know, unofficially settled on a strategy the last 30 years. 1908 they switched and had the human life amendment in their platform and took the equal rights amendment out. 1908 was the year the gender gap was borned and recognized then there would be a problem with certain female voters in this country if this was our posture. with few exceptions their conventions showcased pro-choice speakers, speakers that don't necessary will he talk about abortion but they are known as pro-choice and rudy giuliani, you know, before arnold schwarzenegger, people like that. they tried to show case a more moderate, you know, image to -- suburbans swing voters who might be turned off, you know, female voters that may be turned off by socialist views that don't think about that. the problem for republicans is that these issues have been forced to the floor for first time since 1980, i think, people are looking at and talking about the republican party platform on abortion and women's issues. and that's not a discussion republican parties ever really been interested in having. >> isn't that the problem that confronts paul ryan tonight? because in order to cheer up the

crowd he has to throw certain things at them they are going to want to hear but at the same time, national television cameras will be conveying this speech around the country and he needs to appeal to them as well, doesn't he? >> it is a very tough line to walk. that was what a lot of folks are saying with chris christie's problem last might. deliver ad speech for tv and not for the audience. on steve's point i-found fascinateding in terms of the idea the gop is trying to rebrand themselves or not be so rough around the edges, you are not hearing a lot of the folks there the far right of the house gop way in the back in this convention. last night and i am -- four out five speakers were minorities. three latinos, african-american, indian american. you are having suzanna martinez tonight. you are see thing emphasis on saying -- the puerto rican delegation is closer to the front. the gop is going out of their way to try to use this convention to show the country that it is not just a party of old white men, that they have

more to offer than just that. but you see in the polls, president obama, african-americans, 94% to nothing. their goal is that they believe barack obama needs 80% of the minority vote in order to win re-election. if they can cut into that in any capacity by doing things like this, trying to show them that it is not all conservative republican study committee folks, it is a tough sell, though. it really is. >> it is the problem, difference between choreography and genuine policies. of course there we have a 1980s band rehearsing behind you. we will love and you leave you for the moment. >> rock on. >> thank you so much. next, is god really rooting for mitt romney and paul ryan? stay with us. [ kate ] many women may not be properly absorbing the calcium they take because they don't take it with food. switch to citracal maximum plus d.

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get you. i just wanted you to know that. >> that was the actor steven baldwin. he's not nearly as frighten in person. he is a man of real compassion based on his concern for the poor. he's politically active and attending the republican convention in tampa. mr. baldwin joins us now from the convention floor. good afternoon, sir. >> good afternoon. how are you? >> good to have you. it seems like you have been having a good time down there. we noticed that you tweeted a lovely photo this afternoon of yourself and tagged romney's family. another photo shows you with michele bachmann. but i would like to get your views, if i might, on the romney/ryan ticket. particularly your view that mitt romney couldn't have made a better choice for running mate than paul ryan. how do you, stephen, reconcile your devout christian faith with a man whose budget cuts meals on wheels for almost 2 million

seniors, cuts transportation and respite care for almost a million disabled adults and children and cuts the social servic services to 23 million americans. >> i don't justify or qualify any of that personally, martin. but i will say this. four more years of barack obama is going to do a whole lot worse than that now, isn't it? >> actually, stephen, it is not because the president is not proposing any of those cuts. this is in paul ryan's budget. if i might, i would like to ask you just the question again -- how are you able as a committed christian to reconcile the view that you have which i'm assume sing based on scripture and yet at the same time support a man who wants to do these kinds of things? >> well, i guess i could only answer that, martin, because i know i have to give you a direct question you approve of. i guess they would have a change of heart in that regard. but, you know, the first stroke

of barack obama's pen was reinstating $300 million in international abortions. so i guess, you know, it is 1/2 a dozen and -- half a dozen of the other, i mean, if you ask me, obviously with the -- faith that these men have and the family values that these men have, i believe personally to the best of our ability we are going to have a lot better situation with barack obama. >> okay. i just want to correct you on that because the first stroke of the president's pen was actually the led better act. let's not dispute that for the moment. in the old testament, the writer says this, if there is a poor man among you, you shall not harden your heart nor close your hand to your poor brother. in the new test many, matthew's gospel, jesus says give to him who asks of you and do not turn away from him who wants to borrow from you. the principle there, it seems to know, is we give help to the needy. but mr. ryan's budget, you

recommended mr. ryan as a great pick, mr. ryan's budget slashes the provision of care to the poor and to the disabled. again, how do you reconcile that? >> well, i believe, martin, that when you have a greater opportunity to make more money than you can give more to charitable causes. it is also a fact which i'm sure you will dispute that when the faith based community has that extra surplus of cash that this have mid through capitalism, they do more by helping the -- poverty and doing charitable good works than any of those laws put together. when people of faith have the funds available to do more faith based charitable giving which is way down now in the last four years under barack obama. >> so you are saying, stephen, if i understand you correctly, that government should have no role in caring for the disabled

and the poor. it should entirely be in the hands -- >> no, no. >> -- charitable institutions? >> no. what i'm saying is government should have less of a role in dictating that very thing and more of a role in helping better the economy and create more jobs because then there will be more giving as a result of that. >> are you aware, stephen the president had repeatedly brought two republicans, the american jobs act, which would have invested in infrastructure and teachers and firefighters and he had no support whatsoever for the very actions that you have just recommended? >> well, again, martin, when do you the types of things that mr. obama has done to get health care passed and really nobody trusts you, i'm not surprised. >> stephen baldwin, thank you, sir, so much for joining us this afternoon. >> thank you, martin. >> we will be right back.

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i was will when he had a small group of friends talking about starting a new company. that company has become another great american success story. that small company which grew helped us lead better lives. >> the company which ann romney referred but i never explicitly mentioned in her speeches, bain capital. it is the foundation upon which mitt romney has built his entire candidacy. but it is also now a four-letter word which they prefer not to discuss in too much detail and our next guest may explain why. the author of the new "rolling stone" cover story "greed & debt the true story of mitt romney and bain capital." matt, you say mitt romney is pathologically hypocritical because he talks about the america's debt being the principle number one problem the

president is ignoring and democrats are ignoring while at the same time, his business built on the concept of debt. >> right. it is incredible, his entire campaign is built ruined desemgs what bane capitin capital did. reality is he's a leveraged buyout specialist. he was exact there same person that gordon gecko was in the movie "wall street. "borr "borrowed money that others had to pay back. >> how did he been pit? >> well, he -- he takes over the company by borrowing money that they -- have to pay back. and then he induce it is company to pay him management fees and dividends. really, it is essentially the same operation the mob uses when it takes over a restaurant or a laundromat. it importants them to run up bills in their credit and give money back to the mobster. >> when you examine his business biography, did you notice that

staples and sports authority, these businesses, appear to come in the early stages of his career. then suddenly he has a realization that the real way to make money is not to create viable businesses but it is leveraged buyout. >> he says this openly. he had this epiphany it was simpler to take over existing companies as opposed to creating companies from the ground up and involved fewer problems and what he actually did, again, took over companies and he induced them to pay him fees or induced them to borrow sometimes $100 million loans to pay him dividends. it was their debt but he got all the benefits. >> he's now worth $250 million. he's no fool. you say this about mr. romney's biography. romney's back ground suggests a man born to be president. disgustingly rich from birth, raised in prep schools, and no early exposure to minorities outside of maids and a powerful

daddy to clean up his missteps and timely exemptions from military service. that's a fairly -- i mean, he does show up at costco. >> yeah, apparently. look, if will is nothing wrong with being born rich which he was. nothing wrong with going to prep school. i went to prep school. i think it is striking there is a great scene in the book "the real romney" written by the excellent "boston globe" team where there's a daughter of one of his colleagues goes missing and romney personally goes to new york city. as a grown man and in his 30s apparently to search for this girl. this is the first time that he's ever seen a bad neighborhood in his entire life. i mean, he literally -- book describes this moment where he's like god, these places suck. he has never seen these places. this is a guy that's running for president. i think that's an important thing for people to understand. he's not really in touch with what things are really like out there. >> thanks so much for coming in. ♪

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