Here is David Letterman criticizing Obama's distortion about Romney's statement about the Auto bailout, which I would never expect from him.
Rachel Maddow, his guest, tried to bailout Dave by saying O was claiming that R was saying it should be a "managed" bankruptcy with private funds used, which would have never happened. She invokes the standard line that the credit markets were shot at the time and even Bane Capital would not bite. Of course, she doesn't point out that private companies were aware of the government wanting to help the unions first and they wanted no part of it!

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