. >> now, mitt romney's senior adviser eric fehrnstrom is saying that president obama followed mitt romney's advice on the bailout. so is that true or is mitt romney trying to have it both ways? john avlon joins us, reihan salam and michael waldman all with us now. let me ask this question, reihan. exactly how we stand here, because obviously mitt romney when he wrote that op-ed used the words managed bankruptcy, and he used in the cnn debate. now that people like the bailout and think it worked, i'm going to say it was my idea. but when i had a headline when i said i hated it, i was cool having people think that i thought it was terrible. >> well, this is the problem in politics with anything that requires more than three sentences worth of explanation. he backed a managed bankruptcy process and we saw a managed bankruptcy process. we saw a process that many people think was not managed terribly well, that rewarded some creditors over others and rewarded the uaw in a way that was actually pretty inappropriate. so i think that's the concern. the idea is if you had a clean managed bankruptcy

. >> eric fehrnstrom is a senior adviser to the romney campaign and joins me now. much for being with us. first your reaction to this attack this attack on bain capital and on the ampad company. >> well, thanks, andrea for having me. these attacks are so old, they have cobwebs. we saw of this attack rolled out by some of mitt romney's republican opponents during the primary and it didn't work. before that, we saw these negative attacks on bain being used against governor romney when he ran for governor in massachusetts in 2002 and it didn't work. look, this election is going to be about jobs and the committee. but i agree with mayor booker who said that these attacks against bain capital and free enterprise are nauseating. i think people deserve better from the president. after all, he promised that if he didn't get this economy turned around in three and a half years, he would be a one-term president. mitt romney is here to collect. >> at the same time, david axelrod was on the program earlier as you probably saw. and this was his position on why they keep hammerin

. >> eric fehrnstrom, mitt romney's main man, outfront next in story three. >>> still outfront, a dissident'shen and his family have been threatened. >>> hazed to death. >> his anger because no one has been arrested. >> all this outfront in our second half. that was me trying to be discreet with my vial and syringe. me, drawing my insulin dose. and me the day i discovered novolog flexpen. flexpen is pre-filled with your mealtime insulin. dial the exact dose, inject by pushing a button. no vials, syringes or coolers to carry. flexpen is insulin delivery my way. novolog is a fast-acting insulin used to control high blood sugar in adults and children with diabetes. do not inject if you do not plan to eat within five to ten minutes after injection to avoid low blood sugar. tell your healthcare provider about all medicines you take and all of your medical conditions, including if you are pregnant or breastfeeding. the most common side effect is low blood sugar. other possible side effects include reactions at the injection site. get medical help right away if you experience serious allergic reacti

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expert in these things, which -- which speaking out of turn was worse, which gaffe was worse, eric fehrnstrom'sa sketch or corey booker saying one of the president's main planks of criticism nauseated him. >> the etch a sketch was hitting the nail on the head of something we already knew or thought and that was why it was problematic for them and still continues to be. mayor booker as we just saw has backtracked from his comments. he is a big support of the president. i think there's no question if he could take back the comparison he made between reverend wright and you know the comment his made comparing, ooh think he would. >> i think he did try. >> he did. >> he's trying to do that several times. >> i think that's true. the tree judge is not what the surrogate says or what the gaffes are, we'll see many more between now and november, it's now campaigns respond. >> and i've got to ask you, i mean, could there have been room for him to just disagree with the white house? >> absolutely. there's a big umbrella in the democratic party, as we all know, and i think that's one of the reaps why the

. >> the republicans including the other day when i was interviewing eric fehrnstrom claim that mitt romney has created more net jobs in his role as a governor and as a bain capital executive than president obama has for the entire nation. and it just seems like that's really false accounting. he's counting every job that bain capital ever created before or after he even left the company and every job that was lost in the national economy during that first month or two when president obama took it over when it was still recording the results of absolutely the results of the bush record. >> that's exactly right. you know the old joke about lies, damn lies and statistics. you can do whatever you want with numbers. romney's numbers, you're correct that most of those 100,000 jobs actually are staples. 90,000 of those 100,000 jobs are a small investment that bain capital made in the late 19 0s in staples. they went public a few years later when it had 1100 employees. when romney left it had 40,000 employees but he's taking credit for all 90,000. the flipside is when president obama runs a

. >>> eric fehrnstrom is a senior adviser to the mitt romney campaign. good morning, eric. it's nice to see you. >> thank you, ann. >> first let me ask you about this $2 billion loss -- trading loss by jpmorgan. as we just heard the president said this is why they passed wall street reform. what is mitt romney's reaction to that, given his position that these reforms should be repealed? >> well, jpmorgan is a public company, with public shareholders, and a board of directors, and the leadership of that company will be held accountable for this trading loss. but we don't want to punish companies, ann, for taking risks. there was no -- there was no taxpayer money at issue here. these losses went to investors in the company, which is how it works in a market. >> but considering how vulnerable our economy is to mistakes on wall street, just what would president obama -- president romney do to prevent the kind of risk taking that could lead to a loss like this? >> well, of course, we need regulations. mitt romney is not advocating that there be no regulations. but our regulation