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Detailed text transcripts for TV channel - MSNBC - 20101230:20:36:00

Netflix wanted to approve. they award ad million dollars. they got 40,000 entries for software developers all over the world. if you think of how much time and up frontal ent and capitol was spent trying to develop these solutions, netflix got a lot of bang for the $1 million. who can apply? are they accepting ideas from anyone? it s the central clearinghouse for all these invention contests. and anyone can apply. i think part of what the administration and congress is trying to do by passing this act is to try to really tap into the inventive spirit of the american people. private sectors realized that no one has a monopoly on good ideas. the government is increasingly starting to recognize this with the passage of this act. ....

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