Economist Ross Levine is on The Glenn Show to discuss money in America. Did Mitt Romney get rich through “vulture capitalism”? Glenn comes to the conclusion that private equity firms have gotten a bad rap, but also that they should probably pay more taxes. And Ross explains how competition can fix the banking system.

Glenn announces his new venture at Bloggingheads.tv, The Glenn Show. John also announces an exciting new venture: a baby daughter! John and Glenn talk about how GOP presidential candidates are using racial symbolism and racial stereotypes. Newt Gingrich and Rick Santorum come in for especially close scrutiny, both positive and negative. Also under discussion: how race shapes the public’s perception of Michelle Obama.