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Act Two: Mr. Hitt Goes To Washington.

Jack Hitt has spent the last two years watching the Obama administration lose the news cycle and war of soundbites to Republicans day after day. Watching the Democrats run away from issues like health care reform and middle class tax cuts, Hitt wonders if there is some secret long-term master plan the Democrats are deploying, or if they're just incompetent.

Act One: Wall Street: Money Never Weeps

Ira with Planet Money economics correspondent Adam Davidson on why—even after everything President Obama has done to save Wall Street, actions which have led to record profits and bonuses—Wall Street seems ungrateful. Adam and producer Jane Feltes head out to a Wall Street bar where they're told by three finance guys that there's no reason to thank the President for saving their jobs. Planet Money is a co-production of This American Life and NPR News.

Act One: What's That Smell?

A retired millionaire tries to understand the reality of a tough, seedy, inner city neighborhood. But what if the neighborhood is none of those things? Ira Glass evaluates the claims of this millionaire, Steve Poizner, who is also running for governor of California.