(h/t Heather@Video Cafe)

Get ready, ladies and gentlemen, because Bill O'Reilly believes he has found a way to defend the outsourcing history of Mittens at Bain Capital and even charge Obama with doing the exact same thing. Problem is, Obama really didn't -- but who needs truth in the Roger Ailes Universe?

Let's set the stage. Tom Hamburger:

Mitt Romney’s financial company, Bain Capital, invested in a series of firms that specialized in relocating jobs done by American workers to new facilities in low-wage countries like China and India.

During the nearly 15 years that Romney was actively involved in running Bain, a private equity firm that he founded, it owned companies that were pioneers in the practice of shipping work from the United States to overseas call centers and factories making computer components, according to filings with the Securities and Exchange Commission.

These revelations have resulted in the Obama administration's attacks on Mitt's private-sector record , which is causing him terrible grief at the moment. Conservatives are getting frustrated at the lack of a cohesive defense or response from Romney's campaign.

Here's comes BillO to the rescue. We know that outsourcing jobs to other countries has decimated our jobs sector in manufacturing and many other areas for American workers. After the world became Wall Street's playground for cheap labor, the outsourcing that has been their chief tool has caused tremendous hardships for multitudes of average working-class families.

So BIll has an idea for a Romney response: Obama does it too! The proof? Are you ready? Are you? Here it comes. Obama works with GE who hire many workers outside the US! That's it!!!! It's the same. Obama's guilty of the same thing. (Rough transcript)

BillO: Sending jobs overseas, The truth about the Obama/Romney controversy.

How can Obama attack Romney when he did the same thing?. The Obama administration has continued to make billions of dollars of tax payer dollars available to GE mostly through loans.

Here it comes...

BIllO: GE employs about 300 thousand people and fewer than half, 131,000 are working in the USA. Let me repeat. Less than half of GE's workforce is employed in America.

Less than half of 300K workers have jobs in the US. So you see it's the same. Um, no you pinhead. GE is an existing company that BIllO has a personal grudge against since Olbermann's days at MSNBC and is a huge global corporation that any administration would deal with. But Obama did not create a company to gut other companies; he did not fire U.S. workers and outsource their jobs to China or wherever just to turn an extra buck. That's what Romney did with Bain, and he set the benchmark for this behavior. Ergo, the massive migraine for Mitt Romney.

BillO's medicine is not what Romney's concierge doctor would have prescribed.