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Elites fail. because i find the fphenomenon f the rise of the golden dawn in europe terrifying. (female announcer) most life insurance companies look at you and just see a policy. at aviva, we do things differently. we re bringing humanity back to life insurance. that s why only aviva rewards you with savings for getting a check-up. it s our wellness for life program, with online access to mayo clinic. see the difference at avivausa.com. every communications provider is different but centurylink is committed to being a different kind of communications company. we link people and fortune 500 companies nationwide and around the world. and we will continue to free you to do more ....
Political institutions in the world. we do have this debt ceiling problem. but eurozone has been around for ten years, it began in 1999. greece came in in 2001. we did not come into we did not come into existence ten years ago. so what people are pricing in in europe is a belief about political failure. a belief about the future survival of this currency. we have nothing like that. this means they need to do things we don t. we think of austerity in this country and we think stimulus. stimulus is ha they need. and that s a bit of it. but it s bigger there. they need to be willing to deals with levels of inflation. they need to create the equivalent of treasury bonds, euro bonds, they need to do big-governance things. we did them hundreds of years ago. right, right. i want to talk about elite failure in europe and elite failure at home. i think that in some ways is the resonant theme across the two. and what it looks like when ....
That got passed and we had you on to talk why it is a scam. the actual jobs act, the american jobs act, that was a concrete discrete bit of expansionary policy they tried to put forward. he did the primetime speech, he did all the things, it went nowhere because whatever you say about partisanship at a policy level one party is implaquably committed. obama has put social security on the table to be cut under the theory of this phony crisis that doesn t exist. right? and as soon as he did that, and we now have a good 30%, 40% of progressives saying we need shared sacrifice and we need to get our fiscal house in order. it s all nan senonsense. and europe has proven that. i agree with bill in that the rhetorical bones that were thrown to the austerity argument in the long-term have made ....
Civilization took place in one small plot of land in the span of about 35 years. it was and that in the wake of that, in the blood-soaked soil of europe, they slowly but surely built up a set of institutions to make sure that would never happen again. and these were institutions that they wanted to put in place to create stability. to avoid crisis. because crisis would bring on extremism and fascism. and to promote peace and cooperation to make it possible, to disincentivize the constant nationalistic, militaristic conflict that had roiled the continent for 1,000 years, and that s what the project of the eu is. i think in america we don t appreciate it as sublime at a certain level because it s full of euro crats and they re in belgium. you hear a story about hair salon regulations that will be all over europe. but it is the most effective ....
Short-term, making the short-term argument much harder. you just talked about europe. watching them put the gun to their head and austerity there. i want to talk about what going on in europe. i think we don t understand it that well in america and how much it will affect us. high schools in six states enrolled in the national math and science initiative. .which helped students and teachers get better results in ap courses. together, they raised ap test scores 138%. just imagine our potential. .if the other states joined them. let s raise our scores. let s invest in our teachers and inspire our students. let s solve this. what started as a whisper ....