>>neil: i am the business nerd here, low and behold they are picking up my business week and you are on the cover of it, young man. did you see this story? you are "king karl." >>guest: i heard one or two things. >>neil: the $1 billion man? >>guest: who writes these tag lines? we have said that the budget for cross roads is $300 million. by my math that is .3 of $1 billion. not $1 billion. don't ask we they came up. that just sounded better than $1 billion. >>neil: the idea you could be the next c.e.o. of the republican party, that you, you are controlling a lot more influential with the money and the connections and the people have given you credit for, what do you thing of that? does it bother you? >>guest: well, it is in the right. and it is an exaggeration. and there is nothing i can do about it the i'm part of a team. led by our c.e.o. at crossroads and haley barbour and i are fundraisers. we am just a laborer. i thought the article while i appreciate some of the nation things but there were exaggerations. >>neil: i hope the genius thing was not an exaggeration. >>guest: i made a comment about you and they attributeed to me because they were real

neil king here from the "wall street journal" in stud grow with us. e talking about semantics, penalty tax what's the difference between outsourcing and offshoring? >> outsourcing is you have a company that does a whole bunch of things, i don't need to have my people vacuum the floors, i'm going to outsource that to a place that cleans offices for a living. offshoring is you know, i don't need peter doing stuff here anymore in that booth, i could get his equivalent in a far away country that would be half the price. >> don't give him any ideas! >> you would offshore the service to another country another place. >> bill: as i understand it, "the washington post" wrote a story saying that mitt romney at bain capital was very expert in outsourcing and the romney campaign complained and said no we were not outsourcing. we were offshoring. >> they had a big heap of complaints about that story that went on. it was like a legal brief. everybody got what they sent around. it was interesting document and they had a lot of things to complain about in part becaus