The Good! *Bob Beckel* You may have heard how comedian Jon Lovitz recently attacked President Obama over his desire for wealthy Americans to pay more taxes. The Bad! *Rep. Joe Walsh* At a town hall meeting over the weekend - the Tea Party Congressman told Illinois constituents that President Obama was elected by Americans because he was black. The Very Very Ugly! *US Senate Candidate Richard Mourdock* Next week - Mourdock - a hard-right Conservative - is expected to beat incumbent Senator Dick Lugar in Indiana's Republican Primary. That's bad news for the people of Indiana - and the rest of America.

So what's the big picture to today's events? Yes, there's enormous wealth inequality. Yes, the economy still isn't producing wealth for the vast majority of us. Yes, there's Wall Street still making huge profits off screwing over customers. Yes, students are saddled with a trillion dollars in loans. But WHY is all of this happening? Absent of the political will to do this - how will it get done? Through mass rallies like we're seeing today? OR do things have to get really badHere with some answers is Prof. Richard Wolff - professor at New School University and author of numerous books including, "Capitalism Hits the Fan: The Global Economic Meltdown and What to Do About It"

Welcome back to our special coverage of today's May Day events. May Day used to be a day set aside for immigrant workers in America - however - after opposition from the US Government - the day quickly lost most of it's relevance in our country. But - despite being dormant for decades - May Day and its legacy are able to live on today thanks in large part to America's immigrant workers. In 2006 - immigrant activists organized "a day without an immigrant" - a nationwide strike of immigrant workers. It turned out to be one of the the largest demonstrations and protests of workers in American history. And today - immigrants are making their make on this year's May Day as well. Joining Thom Hartmann now to discuss this is Axel Caballero - founder and Producer of Cuentame - a Brave New Foundation campaign..

Workers of the world are uniting in a global day of action to commemorate International Workers Day. In hundreds of cities across America and around the world - in London, Barcelona, Toronto, Kuala Lampur, and Sydney - there were calls for a general strike with no working, no shopping and no banking. One thing you might have noticed in today's rallies and marches, is that a majority of those taking part in the action are young people. That's because they've figured out that Reaganomic austerity policies they're pushing back against are harming them the most. According to a new study by the International Labour Organization, trickle-down austerity measures like the ones passed in Europe and by Republicans here in the United States disproportionately hit young workers the hardest. In austerity-wracked Ireland - a third of young workers are unemployed. And in austerity-hit Spain - more than half of all workers under age 25 are unemployed. And here in the United States - where Republicans have forced the President's hand on budget cuts - including cuts to Pell grant programs - half of our nation's recent college graduates are out of work or underemployed. If young people can't find work out of college - then a whole generation of entrepreneurs, teachers, and engineers could be lost. For a round-up of today's action from New York City - I'm joined by Occupy participants Sarah Seltzer, Associate Editor-Alternet, and Mark Bray, Press Liaison-OWS.