Romney, Super PAC all-stars retreating to hot tub cash machine

>>> you may not regard him as the ideal prep school classmate nor a particularly fun person to sit next to on a plane, but there's one thing mitt romney does bring to the table and that's money. this weekend mr. romney returns to his natural habitat , the ultraelite ski resort in deer valley , utah where some of the republican party 's richest donors are assembling for what the romney campaign calls its first-ever victory treat. the guest list reads like a who's who of the right-wing power elite with everyone in attendance from bill crystal to karl rove . aren't there laws against super p.a.c.s collaborating with campaigns.

>> you know super p.a.c.s have to be separate from a campaign and candidate. i'm not allowed to communicate with a super p.a.c. in any shape or form because that would violate federal law is that correct? my goodness if we coordinate in any way whatsoever we go to the big house .

>> well that's one for the lawyers. but still there's nothing like a grand old party held far from the maddening multitude so let's welcome back our panel. david, i found something interesting in the "the washington post " about mr. rove and his appearance at this elite retreat. it seems this may raise a few legal wrinkles for the man they call the bush brain. is that not correct?

>> i like the idea they call it like a victory retreat. sounds like an oxymoron to me. the whole fiction here and it is a fiction you can be an independent expenditure group and spend as much money as you like as long as you don't coordinate with the campaign but these groups are run by people who know the candidate, come from campaigns and there's a lot of back room connections. they just take their ladies what the campaigns do publicly. so this idea of coordination as the regulations have been put together have been very loose and it seems it doesn't really play to common sense . so if you're having a meeting about a victory, you know, strategy and you have the campaign and people in the super p.a.c. there it would seem according to common sense descriptions to be coordination of some type but still might not violate the actual regulations and shows citizens united , a decision that gave us all this is pretty much a joke.

>> joe, to that point, i mean this is ludicrous. you just heard mitt romney on our own " morning joe " saying oh, there will be hell to pay if i even speak to these individuals and yet here he is having a weekend with karl rove .

>> he couldn't speak with them and couldn't coordinate with them. they didn't say anything about like not breathing the same air or as they are in the same proximity or not having a drink 15 feet from the nearest big donor . it's kabuki theater at this point. what they are really selling not is coordination between the super p.a.c. and the candidates's campaign but selling access between millionaire donors and the presumed presidential, the guy pe they want to occupy the next white house . it's about- face time , face recognition . romney can sitting in a corner standing and waving and everybody else in another corner drinking and it's legal especially if people in the room aren't the ones to turn you in.

>> the president's campaign say their opponent, romney are on track to raise $100 million just in june alone. if that's true, then does that mean that the president is going to be totally outgunned in the money battle? is that what we're looking at here?

>> i think this may be the first time that an incumbent president is outspent. if you total up all of the money, the campaign money, the victory funds and independent expenditures. it really seems -- just takes a couple billionaires who vent, i call them villawilvillainaires. republicans are ahead of obama. we'll see what they figure out in the sauna how they divide up their money. the president, the incumbent president of the united states could be the financial underdog in this race. it shows you how far out of control the spending has gone.

>> absolutely incredible. thank you so