Lawrence O'Donnell, Krystal Ball and John Heilemann take a look at the latest hack job by team Romney in the political ad wars for the presidential election.

Ed Schultz went after Romney and Fox Wednesday evening for distorting President Obama's comments about small businesses. This Thursday, it was more of the same on Fox, with Neil Cavuto even bringing on one of the people featured in Romney's latest attack ad, small business owner Jack Gilchrist.

The trouble for Mitt Romney is that even Jack Gilchrist actually agreed with the points President Obama was making in during his speech. And the Obama campaign has released a new ad of their own showing that Mitt Romney does as well. As I said in the post on Ed's show and as the panel members agreed on O'Donnell's show, it's pretty pathetic when the Romney campaign has to resort to making things up and taking words out of context, but that's all they've done from day one, so it's nothing new for them to lie continually.

I have to wonder when the public is going to finally start punishing him for it in the polls.