Let's count out loud:
The official national debt is briskly approaching $12 trillion, getting $5 billion closer by the day, while the real national debt has already surpassed $56 trillion. Though cloaked in fear, this clip makes the point rather clearly. It's also the point 6-year-old Sam made so eloquently. When today's teenagers learn what happened to their futures without consent, expect an assault on entitlements in response. Book it. Runs 32 seconds.
This is not a call for a public option, rather an end to state insurance monopolies and the anti-trust exemption that the industry enjoys.
The practice started during World War II as a result of fierce competition for a shrunken workforce and it continues today. It's antiquated and economically destructive as certain segments of the labor force remain working only for healthcare benefits as they await eligibility for Medicare, often for years and occasionally for decades, thereby keeping younger workers more relatively underemployed, during what should be their peak years of productivity. It's an issue we will face more often in the years ahead as competition rises for employment of all types. I doubt U6 will ever measure south of 10% in the U.S. again, and that means we will increasingly be looking to creative solutions to make it easier for willing older workers to retire early. Removing the employer-based healthcare structure and granting earlier eligibility for Medicare is one solution, though an overall de-coupling of the practice is greatly preferred.
Another outstanding clip that puts you ahead of the government and your employer in making the healthcare decisions that are best for you alone. Runs 5 short minutes.
Non-broadcast, web exclusive interview from October 30. Greenwald and Moyers discuss Afghanistan, government secrecy under Obama and Bush, populist anger at Wall Street, the economy, and his public challenge to the editorial staff of the Washington Post to justify their argument that the U.S. should expand the deficit for war but not for health care.
Though somewhat off-topic, there is enough truth inside to make both parties cry for censorship.
Video: Barney Frank With Ed Schultz -- Fight Over Bank Bonuses -- Aired November 9
Recent reports indicate that J.P. Morgan, Goldman Sachs, and Morgan Stanley are set to distribute bonuses worth over $30 billion for 2009 (60% higher than last year). Schultz blames Congress and Frank for their oversight-free giveaway to Paulson and Wall Street last year.
Near the 5:30 mark the action begins when Schultz says:
By Congresswoman Jan Schakowsky
This week I had an opportunity most Americans would relish, just as I did. I was able to unload on two top executives of Goldman Sachs who descended from on high to my office because I clearly needed some educating. One was a Vice President and the other their Chief Risk Officer.
We have the COP's November report in full PDF, a 1-page summary from Dr. Warren, the video report as delivered by Dr. Warren, as well as her Friday morning appearance on CNBC.
Video: President Banks Obama On Transparency -- '08 Campaign Speech
Considering what happened in the dead of Saturday night, this clip seemed quite appropriate. Sounds like Banks Obama also didn't anticipate that this particular $25 Billion AIG secret would ever see the light of day. Clip runs less than 2 minutes.
If Speaker Pelosi gets her way, these children's parents will go to jail if they don't buy health care.
Video: The 11/3 Project - The Daily Show's Jon Stewart Channels Glenn Beck - November 5
It's Friday so enjoy some comedy. Love or hate Glenn Beck, this is ridiculous stuff. One of Stewart's best performances ever. The entire skit changes near the 3:45 mark. Do not miss the 2nd half of this clip.
Leave it to the only avowed Socialist in the U.S. Senate to fight battles against Bailout Socialism. Bernie is fed up with too big to fail, so much so that today he officially introduced a remarkably simple 2-page bill aptly named the "Too Big To Fail, Too Big To Exist Act."
Song: Stockbroker Gregg Somerville Presents Should I Stay With Buy And Hold?
We've added a second song from Gregg inside.
Nov 12, 2009 at 12:40 AM
