David Dayen explained why the leaked Mitt Romney videos are dividing Republicans between those that still argue that trickle down economics benefit all Americans and more aggressive conservatives who are embracing the fact that Republican tax policies simply favor their base,Sam noted that one of the most encouraging things to come out of the tapes is that the Republican donor class is as ill informed as your average tea party supporter and Romney also threw the Middle East and United States security into jeopardy by disavowing the Peace Process.

And David told us why the gobbling up of foreclosed homes across the United States by hedge funds and investment firms could lead to another housing bubble. Scary stuff.

On The Better Half: Sam explained that the Chicago teachers went on strike not over pay but teaching conditions, discussed a Swiss bank tax evasion scheme that may involve one US presidential candidate and reflected on his weekend hosting Up With Chris.

Members make the Majority Report possible.  Please join us by becoming a MEMBER.  You can also show your support by clicking thru to the DONATE button for a one-time donation — anytime.  And don’t forget Sam is live every week day at noon. Thanks!