By Greg Hunter’s USAWatchdog.com
The big story is Egypt. The military coup that removed President Morsi has turned violent. More than 600 people have been killed in a violent clash between the Egyptian military and the Muslim Brotherhood. The Brotherhood is vowing to fight to bring down the military. This is looking like a civil war, and it is going to get much worse before it gets better. You may remember the Muslim Brotherhood is the group that was responsible for the assassination of Anwar Sadat in the early 1980’s. They killed him because he signed a peace deal with Israel that is still in force today. Everybody thought the so-called “Arab Spring” was going to be a wonderful thing, but it has turned into a nightmare for Egypt.
Meanwhile, Israel and the Palestinians have started peace talks, but the probability for success is very remote. There are just too many issues that the two sides do not agree on. In order to even get the talks going, the Israelis agreed to release some prisoners, some of which were convicted of gruesome crimes. Secretary of State John Kerry has been pushing for these peace talks, and I hope they are successful.
The Obama Administration has postponed another part of Obama Care. The President has already put off eligibility requirements and the employer mandate. Now, caps on out-of-pocket insurance costs are no longer capped. You think the insurance companies are getting nervous about getting all these young people to buy insurance they do not need? You can’t be denied for pre-existing conditions, so why not buy insurance when you get sick or hurt?
Jessie Jackson Jr. has been convicted of misusing $750,000 in campaign funds. He’s going to jail for two and half years. Let that sink in for a minute. The son of a famous civil rights leader is going to the slammer for a crime that amounted to less than a million bucks, and top bankers that have ripped off the public for billions and trillions of dollars haven’t spent a day in jail. We’ve had bankers launder money for drug cartels and countries on the terror list. There has been a long list of very well documented crime such as securities fraud, rate rigging fraud (LIBOR), foreclosure fraud, forgery, perjury and downright theft of private accounts, and not a single big banker has spent a day in jail. President Obama’s Justice Department ignores trillions of dollars in fraud and crime but jails Jessie Jackson Jr. for 30 months? What’s wrong with this picture?
Join Greg Hunter as he gives his analysis in the Weekly News Wrap-Up.