The mainstream media is constantly pushing the so-called “recovery” story, and this week was no exception. On Wednesday, Federal Reserve Chief Ben Bernanke raised his forecast for growth and said the economy was improving. Really? Bernanke reaffirmed near zero percent interest rates through 2014 and said, this week, that more bond buying or money printing “remain very much on the table.” Is that the sign of a good economy? How about the record number of Americans that are on food stamps? How about the latest Case-Shiller report that showed housing prices down—again? How about the recent unemployment report that was not so hot? If unemployment was measured the way it was by Bureau of Labor Statistics in 1994 and earlier, it would be north of 22%. That’s right where it’s been for months, and we still have a “recovery”?
Russian Special Forces are training with U.S. forces in Colorado next month. The reason: to counter terrorists here in the U.S. That’s a little frightening when you consider so many experts say the U.S. is on shaky ground financially. What are they preparing for–a financial collapse? A new Pew poll says only 33% of Americans think the federal government is doing a good job. Big surprise. North Korea made an unusually specific threat, this week, when it said it would reduce South Korea “to ashes in less than 4 minutes.” Tensions are rising on the Korean peninsula since the failed North Korean missile test a few weeks ago.
Newt Gingrich is out of the GOP presidential race, and that leaves just Romney and Paul. Paul vowed to stay in it until the convention, and he has the backing and money to do it. Speaking of Ron Paul, he is currently fighting against the Cyber Intelligence Sharing and Protection Act or CISPA. Dr. Paul says it is an assault on the 4th Amendment (illegal search and seizure). If the bill is signed into law, it could allow Google and Facebook to report to the National Security Agency about Americans’ private lives. Greg Hunter brings you all these stories and more from the USAWatchdog.com Weekly News Wrap-Up.
Greg is the producer and creator of USAWatchdog.com. The site’s slogan is “analyzing the news to give you a clear picture of what’s really going on.” The site will keep an eye on the government, your financial interests and cut through the media spin. USAWatchdog.com is neither Democrat nor Republican, Liberal or Conservative. Before creating and producing the site, Greg spent nearly 9 years as a network and investigative correspondent. He worked for ABC News and Good Morning America for nearly 6 years. Most recently, Greg worked for CNN for shows such as Paula Zahn Now, American Morning and various CNN business shows.