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With a pitch-perfect emblem of gilded-age greed as his opponent, and private equity in the spotlight, why isn’t Obama much farther ahead in the polls? Nation editor Katrina vanden Heuvel went on Chris’s show this weekend for a look at how the Obama campaign’s attack on Romney’s Bain Capital record might sit with the Democratic 1 percent, and how the party can address that elephant in the room.

—Zoë Schlanger