The next day I went to a computer store and decided I needed more memory. I have a Dual 3.2 GHZ CPU so i knew I was ok with it so I was assured this was the problem. I doubled the ram and fired it up again and same results. I thought about it for a couple days and I thought I bet it is my graphic card because it was old and probably worn out so I ordered a new one with twice the ram and I was again assured I was going to fix my problem. I installed the new big and bad graphics card and with a smile on my face I fired it up and what the hell the same problem.
I then begin to evaluate my desire to spend money with my wifes help. I held this card reader in my hand and gazed down at the little bitie cable and thought what if I were to copy the video file to a new folder on my hard drive and see if this might fix the problem. Now you have to realize this is free and I like to spend money but what the heck. I copied the file over to the computer and opened up PD7 and dragged the video file down and commenced to edit the file and IT WORKED!!!