recession the company had netted two hundred forty four million dollars from just sixty four investors tagg insists that neither his name nor the fact that his father had made it clear he would run for the. presidency again had anything to do with his success he told the new york times the reason people invested in us is that they liked our strategies well it's the word is nepotism and it's the only functioning part of the economy left which is the aristocracy is in full force they bowed to the monarchy on wall street and everyone else is reduced to serfdom so nepotism is alive and well it's not an honest day's work let's be clear about it tag you're not working for a living you're just sucking on your daddy's teat which is shameful in an economy like america where there's supposed to be a meritocracy but that is alone drome yes indeed max is long gone and it's far far far far worse than that nepotism what you're saying is nepotism that's like saying i was nepotistic that prince william will one day inherit the crown you know it's something else that's the divine right of a certain class of

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shortly after mitt romney's failed two thousand and eight campaign for the republican nomination his son tagg set up a private equity fund with the campaign's top fund raiser one of the first donors was his mom and next came several of his dad's financial backers tag had no experience in the world of finance but after two years in the middle of a deep recession the company had netted two hundred forty four million dollars from just sixty four investors tag insist that neither his name nor the fact that his father had made it clear he would run for the. presidency again had anything to do with his success he told the new york times the reason people invested in us is that they liked our strategies well it's the word is nepotism and it's the only functioning part of the economy left which is the aristocracy is in full force they bowed to the monarchy on wall street and everyone else is reduced to serfdom so nepotism is alive and well it's not an honest day's work but let's be clear about it tag you're not working for a living you're just sucking on your daddy's teat which is shameful in an econ

and ann romney are welcoming their 17th and 18th grandchildren into the romney family today born to tagg romney. romney back in ohio monday. that key swing state. he'll be there a lot. virginia regarded a this year's florida. al lex. >> thank you for that. let's go to the politics and how politics are taking shape. president obama is ahead of romney by seven points including an edge with independent voters. t two points ahead in ohio. they are trying to hammer home their messages. >> our businesses have now created more than 4.2 million new jobs over the last 26 months. more than 1 million jobs in the last six months alone. there's a lot of folks out of work. that means we have to do more. >> we should be seeing numbers in 500,000 creates in a month. this is way, way, off. it's a terrible and disappointing report this morning. clearly the american people are wondering why the recovery isn't happening faster. why it's taking years and years for the recovery to occur. >>> joining me now, richard wolffe and abbiphillips. hello. good to see you. >> good morning. >> richard, you have been cov

the firm's managing partner is his son, tagg romney. he has an investment stakes in ta associates, on thor of several for profit schools. how about that? folks, it isn't about education, about making a dollar. privatizing education takes care of a lot of republican problems. number one, weakens and maybe kills the unions and allows funding cuts for schools so governors can run wild with the budget and hurt kids. most importantly, it increases the profit margins of people like mitt romney and his son. the education of future generations takes a back seat to all of this. for profit. is that where we want to go in america? there are instances where these charter schools are not performing as well as the public schools. how would you feel as a parent if you found out the school is making money but your kid is behind. why? they had to make cuts because they wanted to make some more money. is the not what the founding fathers had for this country. mitt romney all of a sudden has a worldly view of education? gosh, i remember the republicans go

and he will prevent anymore rules governing private equity firms to be put in place thus enriching tagg. >> and it's like nobody seems to care. oh, well, who -- you know we're used to this now. remember cheney and the oil companies. really does it matter anymore? >> yeah. >> it's line everybody is sitting there going i hope we don't get hurt too badly. >> it is also patriotic. because mitt romney said none of his sons are serving in the military because they are serving a higher purpose getting him elected. and he is helping them get richer. [ bell chimes ] [ applause ] >> it is touching. >> i don't know if i can say that on the radio -- >> if you are thinking it probably not. >> it is like this circle fond elling. >> yeah. >> of rich people it's like using the money to wipe themselves after. >> by the way you also cannot say cluster [ censor bleep ]. >> for once i'm going to give you your next column. i don't know if you know that the 1 million moms are busy again. denounce gay superheroes. >> after some x-man. >> dc comic said a character would return and come out as gay. and then the

>> tagg flurman. >> no, mitt romney. >> oh, my god!ound, who cares about they future as a candidate. who said that? >> glenn herb. >> it doesn't matter. [ buzzer sounds ] >> meanwhile, this is just -- this is really. apparently the president is celebrating bin laden's death. because no party would ever politicize something like 9/11. and mitt romney will talk about that with rudy giuliani today. >> in the shadow of the new world trade center. >> yes indeed. >> president obama -- [ nbc "nightly news" theme ] >> sorry. president obama said it was appropriate to mark an anniversary. stop making my competence an issue, and your president's former president's incompetence. the president recommended looking at previous statements for the 9/11 mastermind. like this you mean? this would be obama in 2007. >> if we had actionable intelligence about high-value terrorist targets, and the president won't act, we will. >> god he was a crazy warmonger. >> and he did exactly that. >> i'm sorry what did mitt romney say in 2007? >> he says he wants to u