By Greg Hunter’s USAWatchdog.com
President Obama told Democratic Senators at the White House this week he is going ahead with his agenda with or without Republicans in Congress. It looks like he will be ramping up the so-called executive order on policies such as immigration and income inequality. I don’t see how a Constitutional scholar doesn’t get the way the U.S. government works. Executive, Legislative and Judicial branches of government are essentially equal and provide checks and balances. I predict this policy will backfire.
Meanwhile, speaking of backfiring, President Obama paid a visit to North Carolina to talk about jobs and manufacturing. Guess who wasn’t there? N.C. Democratic Senator Kay Hagan, who is up for re-election in November. Both the White House and Senator Hagan’s office said she was just too busy to attend. Let me get this straight, a Democratic President comes to your state in an election year to talk about jobs for your state and you can’t make it? This is something President Obama is going to cover in the upcoming State of the Union Address. Here’s my take: I have been predicting that Democrats would be running from President Obama because of the ongoing and increasing fallout from his signature legislation—Obama Care. You know, the legislation where you can’t keep your doctor or your health plan. The legislation that is making most health insurance premiums go up along with deductibles and copays. The legislation administered in part by the IRS that taxes you if you do not buy into it. I told you Democrats would be running from it, and they are. People are mad and getting madder by the month. Wait until the so-called employer mandate kicks in and causes cancellations and prices of health care shoot up like a rocket for 10’s of millions of people. Democrats know this is a huge political problem. That’s why they put it off until 2015—after the Mid-terms! I am predicting Kay Hagan will lose her job, and the Democrats will be the minority party in the Senate after the Mid-term elections. Not a single Republican voted for Obama Care, and that is going to be the main issue for November 2014–if we do not have war in the Middle East.
More bad news for Democrats from a bipartisan Senate report that said the “Benghazi Attack was Preventable.” It blames the State Department for ignoring requests for additional security. This is a black eye for the New York Times, who did a six month investigation and came to the conclusion this attack was not related to al-Qaeda. False. That it was a spontaneous demonstration turned violent because of an anti-Islamic movie. False. It is now known the Defense Secretary and the Joint Chiefs of Staff briefed the President the day of the attack. They told him at the White House it was an al-Qaeda terror attack. Everything that came out of the State Department about Benghazi was a huge lie. Hillary Clinton was Secretary of State then, and this is going to be a problem for her if she runs for President in 2016.
Here’s some more “recovery” news. JC Penny is “Cutting 2,000 Jobs.” Hey, guess what else? Christmas sales we’re not so good for most companies. Best Buy took a huge hit to its stock price and earnings because sales were dismal. This is not growth. This does not signal an expansion of business—just the opposite. Of course, housing and autos are doing well because of Fed money printing and easy money. Fabian Calvo of TheNoteHouse.us said anyone who can fog a mirror can get a car loan or a home loan. My question is how long can the Fed print money before big inflation hits. We are going to find out because I look for the Fed to increase the money printing, not reduce it.
President Obama is starting to address the massive NSA spy program. It is going to be tough to put the spy genie back into the bottle. Remember President Obama’s review panel on NSA spying? His own panel said the NSA spying did not stop terror attacks. Last year, the outgoing NSA Chief, General Keith Alexander, said the spying stopped “one, perhaps two” attacks. Things may not change right away, but at least some people are waking up that the spying is bad for business and bad for liberty and freedom.
Finally, anyone who doesn’t think the gold and silver markets are not manipulated should stop the denial. It looks like not every regulator in the world is a spineless crook. One of Germany’s top financial regulators, Elke Koenig, said manipulation of precious metals “is worse than the Libor-rigging scandal.” Let’s see, we have credit ratings rigging, stock market rigging, interest rate rigging, energy market rigging, and we can now add precious metals to market rigging going on. We live in a world of criminal activity perpetrated by big banks and sanctioned by big government. Now, that’s a stable global system we can count on–not. Former regulator, Professor William Black, joins us Monday to talk about crime and fraud at the highest levels of government and banking.
Join Greg Hunter as he analyzes these stories and more in the Weekly News Wrap-Up.