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for the conservative caucus is the panama canal. their idea, roughly speaking, is we need to invade panama and talk the panama canal back because obviously, communists or something. the panama canal and up all night hair on fire fantasies about communists coming up the canal to come get us in the middle of the night, those have been around for a while, in the 1970s and the 1980s. the panama canal was the fast and furious, birth certificate, the president is a secret muslim conspiracy theory of its day. when that panama canal conspiracy theory was lighting up the tin foil hats of the generation ago, it was an ambition politician named ronal reagan who took that issue from the fringe and decide today mainstream it into national mainstream republican politics. he based his presidential campaign in part on this insane idea that the panama canal was basically an american state that we can't let the communists steal this american thing from us. he mainstreamed this paranoid far right fantasy that if we went along with our treaty obligations to let panama run its own canal, then america would seize to exi


, bain and co-people. there are also these kind of mysterious, you know, there's a geneva trustee, panama corporations. there are trusts. these are, for any tax authority around the world, these are big red flags. camp panama, i describe in the article, a u.s. customs official calling it one of the filthiest money laundering sinks in the world. this is not -- we're not talking here about u.s. investors breaking u.s. tax -- we are talking about foreigners cloaking their money in these offshore structures and the money coming in. and that just raises an awful lot of questions. you know, did those investors break their own country tax laws? are they committing tax evasion in those countries? el salvador was certainly one of the countries where a lot of those investors were coming from. you know, that was a country torn apart by class warfare and military conflict. you know, this kind of thing about tax evasion can, you know, is sort of a symptom of the kind of impunity of the elite of these countries. it raises a very sort of nasty set of questions about, you know, was that a vehicle for for

of the foreign investors' money came through corporations registered in panama. and then known for tax advantages and unusual banking secrecy. in an interview with abc news this morning, anne romney was asked to respond to thebain attacks and she came out swinging. >> i was beneath the dignity of the office of the president to do something as egregious as that. to attack somebody on that level is i believe beneath his dignity. >> nbc's senior political editor mark murray is here. he joins me now. and mark, fascinating numbers on the polls. we'll put it up there. 47-46. obama 47-41. razor thin race and obama seems to be just brought down by his handling of the economy. can't shake it. >> luke, there are two forces at play which show why the polls pretty much are the same. that this race is essentially tied or deadlocked, however you want to describe it. the economic forces keeping president obama down, but also, the fact that people aren't yet still sold on mitt romney. and these two forces are at play right now which explains why we see president obama up two or three points up in one poll. overa

says quote, most of the foreign investors' money came through corporations registered in panama. then known for tax advantages and unusual banking secrecy. but it didn't matter to romney where the money was coming from, he knew there was little risk to him in starting his investment fund. he was assured by his boss bill bain back in 1984 that starting up bain capital would be a non-risk prospect for romney. ezra klein at the washington post writes, romney would get his old job and salary back plus any raises he would have earned during his absence. and bain promised that if necessary he would craft a cover story saying that romney's return to bain and company was needed because of his value as a consultant. so there was no professional or financial risk. no professional or financial risk. that's the kind of security that's denied to most americans. there's also news today undercutting romney's claim that he left bain back in 1999 to run the salt lake city olympics. >> i had no association with the banishment of bain capital after february of 1999. that's when i left the firm. i'

importantly, i don't see pensacola, i don't see fort walton, i don't see panama city beach, not the redneck riviera. >> mcclain. >> mcclain, come on. it looks like a town where a bunch of hip peas hang out and smoke pot or something. >> you sound the way colbert drilled me one day. it's great to see you, joe, and you know i visited pensacola a number of times and worked with them on making their city and helping their institute and everything they're doing down there. and they're doing good. florida is better. i spend the winter in miami, but it's got toin ve invest a little in that technology, it's got to bring skills. huntsville does great. it may not be tuskarawas loocal it's doing great at growing its economy. >> we have a chance to grow in the next 20, 30, 40 years. if we crack the code on an energy source that's cheap enough and economical enough that we can produce it on scale and run the economy, you will see smaller college towns just like richard is talking about absolutely explode. instead of some oil taxes in sau saudi arabia or some natural gas fields in pennsylvania, you will


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