Weekly News Wrap-Up 2.14.14
By Greg Hunter’s USAWatchdog.com
It’s another week and another delay to part of Obama Care. Businesses with 50 to 100 employees will have another year to phase in health care coverage. Now, most of these companies already provide health care, but not the kind that Obama Care requires with free abortions and birth control and other “free” stuff. This “free” stuff will have to be paid for in much higher premiums, deductibles and co-pays. And just wait until you are taxed on the portion of your health care the employer pays for. That will amount to another pay cut. Let’s call this what it really is, and that is an attempt to soften the blow this terrible law is exacting on the middle class. These people will vote out many Democrats up for re-elections, and the Democrats are very worried about losing the Senate. I predict the Democrats will lose the Senate in 2014 and then Mr. Obama will be the lamest of lame ducks. 80% of people are paying so 20% can get “free” health care, and that includes illegal aliens. Why should anyone be angry for paying much more and getting less? Even some Democrats are producing ads attacking Obama Care. The Democrats lied as a party to get this passed, and they will be punished as a party this November. By the way, all these delays in Obama Care are totally unconstitutional.
Some Republicans are angry that President Obama is not releasing the details of his Iran nuclear deal. It is supposed to curtail Iran’s nuclear program, but if you listen to the Iranians, they don’t seem to be doing much negotiating or curtailing. Republicans want to know the details of the Iranian nuke deal, and the White House is keeping it secret. What is the deal? According to the Iranians, they are not going to stop enriching uranium. Two staunch U. S. allies, Israel and Saudi Arabia, are upset. Benjamin Netanyahu, Prime Minister of Israel, comes to the White House early next month. Meanwhile, a top Iranian general is warning of consequences if Iran is attacked. Iran’s Chief of Staff of the armed forces said, “We are ready for the decisive battle with America and the Zionist regime.” What kind of negotiation is this? This week, it was reported the U.S. is removing an aircraft carrier from the Persian Gulf. What kind of negotiation is this?
The Senate and the House have sent a debt ceiling bill to the President, and he will sign it into law. The bill suspends the Treasury’s borrowing limit. Let that sink in—suspends the borrowing limit, as in no limit!! That means the government can continue to spend until after the election in November or it all blows up, whichever comes first.
There is no wonder the government is printing money like crazy. The economy is rolling over again. Don’t believe these mainstream media stories where they tell us over and over there’s a so-called recovery—nonsense. Look at this headline: “Outlook rosy this year after slow start.” Did you see the latest retail sales numbers? Spending shrank by nearly a half percent. The MSM is quick to blame the weather, but don’t buy it, not with all the high profile announced lay-offs in retail you are hearing about. One example: JCPenney is closing 33 stores. That’s not growth, and don’t forget about the unemployment rate which is really around 23%, if done the way BLS did it in 1994 and earlier. 92 million are no longer counted in the workforce. If there really was a “rosy” economy, would there be record numbers of people on food stamps? Imagine that bread and soup line without food stamps! That would be bad for the recovery story wouldn’t it? You wonder why the DHS is buying another 75 million rounds of ammunition. What’s going to happen when the free money or the buying power of the free money turns to dirt? I am also hearing more and more stories about confiscation of retirement accounts and savings. They are openly talking about it in Europe. Another sign the economic outlook is not “rosy.”
In legal action, Senator Rand Paul is suing President Obama over NSA spying. It’s unconstitutional, and Paul is going to fight it out in court. Paul says he’s not against the NSA or spying but he wants there to be judicial oversight, and right now, there isn’t much oversight.
Finally, the government is being sued over the $13 billion JP Morgan deal that settled “wrongdoing” in the mortgage market. The lawsuit alleges that the Justice Department “acted as investigator, prosecutor, judge, jury, sentencer and collector.” The entire deal is secret, and there is no judicial oversight. Also, not a single top banker was named or charged when, clearly, crimes were committed, according to the government. I wish them luck lifting the curtain on a shady backroom government banker deal.
Join Greg Hunter as he analyzes these stories and more in the Weekly News Wrap-Up.