Taking Obama's Economic Advisors Back to School: Trinity College Team Wins PJTV's...

Taking Obama's Economic Advisors Back to School: Trinity College Team Wins
PJTV's National Generational Theft Contest

Student and Professor Receive $20,000 Prize for Top Entry That Finds 2008-2009
Bailout Will Cost Average College Grad Nearly $150K

LOS ANGELES, Sept. 21 /PRNewswire-USNewswire/ -- As part of several
initiatives addressing concerns over how the volatile U.S. economic situation
could impact current and future generations, Internet television media company
PJTV (www.PJTV.com) today announced the winners of its Generational Theft
Contest.

Trinity College Associate Professor of American Business and Economic
Enterprise Edward Stringham, and his student Gavin Romm, a senior economics
major from Rye Brook, NY, submitted the winning Generational Theft Contest
entry to PJTV. Based on their default assumption calculations, the $10
trillion 2008-2009 bailout alone will cost the average 22-year-old a total of
$148,035 or $280 per month until they are 79.

In March 2009, PJTV launched the Generational Theft Contest on its website at
www.PJTV.com and invited college students to join forces with their professors
to calculate the financial impact of the current economic environment on a
2009 college graduate. In particular, PJTV sought the best method or tool to
forecast a bachelor's degree holder's annual income in 2014, 2019, 2024 and
2034 after factoring in the cost of current government programs, including
TARP and TALF, and stimulus packages, including their associated interest
payments, health-care reform, inflation, taxes, etc.

"I had been concerned with all of the government bailouts, so PJTV's challenge
for college students and their professors to calculate the cost of all of the
government's deficit spending intrigued me," Stringham said from his Hartford,
CT office. "After we put together all of the formulas and did the actual
calculations, I was shocked to see how much these bailout programs are going
to cost the average young person."

The Trinity College team of Stringham and Romm developed an interactive
web-based Generational Theft Calculator that allows citizens to input various
items, including user demographics and typical household expenditures, to
determine how much current programs will take out of their monthly
discretionary and lifetime income. Stringham and Romm also wrote an essay
with supporting documents describing how their calculations are made. You can
access their calculator here:
http://www.pjtv.com/page/Generational_Theft_Contest_Winners/196/

"There is a grass-roots awakening among U.S. citizens that trillions in
proposed government spending will fiscally devastate future generations, and
the Trinity College team's Generational Theft Calculator exemplifies those
debt concerns," said PJTV CEO Roger L. Simon. "Who better to address today's
economic crisis than the professors who are analyzing our country's deficit
spending and the college students who soon will be dealing with the
consequences of it?"

Submissions were evaluated by a panel of qualified judges, including: William
W. Beach, Director of The Heritage Foundation's Center for Data Analysis; Tad
DeHaven, Cato Institute expert on federal and state tax and budget issues;
Richard Roll, UCLA Anderson School, Professor, Japan Alumni Chair in Finance;
and Ben Zycher, President of Ben Zycher Economics & Associates and Senior
Fellow at Manhattan Institute's Center for Medical Progress.

Scores were based on the following criteria: Economic foundation, realistic
use of economic and financial resources, sufficiency of supporting
documentation, technical merit, communication of idea, and creativity. For a
complete explanation of contest rules and regulations, please visit
www.PJTV.com/contest.

About PJTV
PJTV (www.PJTV.com) is a conservative and center-right Internet TV company.
Working with conservative think tanks and bloggers, PJTV started production in
September 2008 as the first online TV venture to be given a sky box at the
Republican National Convention in Minneapolis. The PJTV headquarters studio is
located in El Segundo, Calif., with remote studio locations in New York City
and Washington, D.C. In addition, PJTV brings in many contributors via web
cams.

SOURCE PJTV

Romney Beebe, +1-703-683-5004, (ext. 118); or Megan Franko, +1-703-683-5004
(ext. 148), both for PJTV