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There was more frightening news for the Middle East. In little more than a week, the U.S. will have 3 aircraft carriers in proximity to Iran. Meanwhile, Iran launched a sub and a destroyer in the Persian Gulf at the same time the U.S. is practicing clearing mines if Iran tries to close the Strait of Hormuz. In Syria, the New York Times is reporting Jihadists are getting American arms through countries like Saudi Arabia. I think you can also say the U.S. is indirectly arming al-Qaeda just like we did in Libya. I ask again, what kind of foreign policy is this?
Google had a surprise earnings miss. The stock sold off 8% in a day. The company made $14 billion in the last quarter. So, I don’t think it will go out of business any time soon.
The government released a good retail sales number of a 1.15% increase in September. Much of that increase was inflation and seasonal adjustments. This is why many do not trust government numbers and folks like former GE CEO Jack Welsh calls last week’s big decline in unemployment “nonsense.” Taxpayers basically pay the Bureau of Labor Statistics to spin the numbers to make things look better than reality. Both parties are guilty of this. Join Greg Hunter for his analysis of these stories and more in the Weekly News Wrap-Up.”
2012-10-18 23:44:25