Personally, I think the premise is a valid one, although I do think the case laid out in the video was a bit ... how you say ... a lot like ice cream: easily melted.
Maybe it's just the mood I am in, but it seemed that there could have been a more solid case beyond the repeated narrative of "Bush/Obama kept us safe;" while it's true that that was an oft repeated reason under Bush, I would have been happier for a more substantive case.
Then again, the video wasn't made to please some guy on some forum in some corner of the internet.