Class warfare is not, as John McCain would have you believe, overturning Bush’s tax cuts for the rich. "Class warfare is when you have corporations sitting on $1.8 trillion," says Katrina vanden Heuvel. While the economy stagnates and our infrastructure crumbles, Bush’s breaks for the wealthiest Americans are doing far more harm than good. But what is Obama doing about it? "The spine of this White House," says vanden Heuvel, "is wobbly."

Meanwhile, the real class war is happening in the same direction it always has—from the top down. When people like Elizabeth Warren are demonized and deficits are a point of obsession, it’s not the rich who have to worry. Vanden Heuvel joins The Nation on GRITtv to explain why the Obama administration continues to defend the rich to the detriment of the rest of the country.

The Nation on GRIT TV is a weekly video collaboration between The Nation and GRIT TV with Laura Flanders. Watch for Monday briefings, Wednesday commentaries, weekend conversations and more at TheNation.com. For full half-hour episodes of The Nation on GRIT TV, or local television air times visit www.grittv.org.