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Obama: Incomplete

A Colorado TV reporter asked Obama in an interview, per USA Today: "Your party says you inherited a bad situation -- you've had three and a half years to fix it -- what grade would you give yourself so far for doing that?"

Replied Obama: "You know I would say incomplete ... but what I would say is the steps that we have taken in saving the auto industry, in making sure that college is more affordable and investing in clean energy and science and technology and research, those are all the things that we are going to need to grow over the long term."

The Obama campaign is out with another anti-Romney video focusing on “Romney’s tax loopholes.”

Here’s how AP sums up Obama’s events yesterday: “President Barack Obama insisted on Monday that the federal government can help Americans in crisis, whether they’re autoworkers fearful that their company will disappear or Gulf Coast residents picking up the pieces after the devastation of Hurricane Isaac.”

There were a lot of football metaphors from President Obama on the trail yesterday.

The Washington Post’s fact-checker takes issue with Biden’s recent claim that Bain & Co. received a bailout costing taxpayers $10 million. “At issue was a $38 million loan made to Bain by a failed bank, the Bank of New England, and the FDIC’s efforts to collect on the loan. Ultimately, the loan was reduced by $10 million but the money was made up through assessments on FDIC-member banks. As we noted: “That’s right — no taxpayer money is involved. The FDIC prides itself on not taking taxpayer funds.”

More: “We had previously said the use of the term ‘bailout’ was a stretch, worthy of a Pinocchio, but the vice president takes it to a new level by claiming Romney “cost the government and American taxpayers $10 million.” No matter how you parse it, that’s simply not correct.”