In a video that rings so true, it hurts, Lee Stranahan, a former Obama supporter, gives us the aspiring president’s own speech—a speech where Obama makes it plain just how bad an idea the “Cadillac” excise tax on health benefits actually is.

After working very hard to kill many progressive idea about how best to control health care costs, Mary Landrieu has found one she likes — the one that will most benefit millionaires.

In employer surveys, between 9 and 16% said they would not pass on any savings to employees–a key assumption behind the Senate’s Cadillac tax. So not only will that tax make employees’ health care worse, but the tax won’t raise the revenue the government claims it will.