Those with incomes of more than a million dollars a year make up only .12% of the American population. Conversely, 44 percent of the members of Congress are millionaires.

Last night, The Ed Show was about whether the millionaires in Congress are out of touch with the American public (In a word: yes).

The Nation‘s Katrina vanden Heuvel thinks this can be a defining moment for Democrats. "Obama has to follow through on the promises he made in his presidential campaign to be a tough champion for working people in this country, and expose Republicans for who they are: hypocrites who are ready to give handouts to the connected, but won’t give a hand up to those who are in economic pain in this country."

Otherwise, as Ed points out, "Obama’s base will fade away."

—Joanna Chiu