DAVE LETTERMAN, HOST: Here’s what upset me last night … this playing fast and loose with facts.

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And President Obama cites the op-ed piece that Romney wrote about Detroit, ‘Let them go bankrupt, let them go bankrupt.’ And last night he brings it up again, ‘Oh no, Governor, you said let them go bankrupt, blah blah blah, let them go bankrupt, blah.’ And Mitt said, ‘No, no, check the thing, check the thing, check the thing.’

Now, I don’t care whether you’re Republican or Democrat, you want your president to be telling the truth, you want the contender to be lying. And so when we found out today or soon thereafter that, in fact, the President Obama was not telling the truth about what was excerpted from that op-ed piece, I felt discouraged.

RACHEL MADDOW, GUEST: Because the ‘Let Detroit Go Bankrupt’ headline, you felt like, was inappropriate?

LETTERMAN: The fact that the President is invoking it and swearing that he was right and that Romney was wrong and I thought, well, he’s the president, of course he’s right. Well, it turned out no, he was taking liberties with that.

via Letterman: Obama “Not Telling The Truth” About Romney And Auto Bailout – YouTube.