Mitt Romney’s new ad attacking President Obama’s plan “to gut welfare reform” sounds a lot like attacks on poor Americans from other conservatives from President Reagan to Rush Limbaugh. “It’s not like Ronald Reagan didn’t know the racial context,” Cenk says.

Cenk talks to Mudcat Saunders, the longtime Democratic strategist now working for Virginia’s  Wayne Powell (running against Rep. Eric Cantor), about the culture of corruption on Wall Street and in Washington. Saunders says, “Every 100 years or so it gets to this… Since the dawn of time, the big son of a bitch has kicked the little son of a bitch’s butt, and that’s the way it’s always been… I think the time has come right now [to stand up]. This is the new age of economic populism.”

Hey, Texas, remember that debate during the Republican primaries when the audience cheered Rick Perry’s record setting history of executions? Yesterday, the state executed Marvin Wilson, a man who had an I.Q. of only 61 points, below Texas’ definition of “mentally retarded.” Cenk asks, “What kind of a barbaric party celebrates these kind of executions?”