Free Republic

Many mainstream media commentators repeated the talking point that President Trump was dismantling “Obama’s legacy” Friday. http://dailycaller.com/2017/10/13/watch-mainstream-media-very-sad-about-trump-overturning-obamas-legacy-video/?utm_source=dlvr.it&utm_medium=twitterHosts and pundits on MSNBC and CNN were not happy over President Trump’s tough talk on Iran Friday. Coupled with this week’s executive order on Obamacare, many in the media did not look thrilled reporting on the news that Trump was taking apart “Obama’s legacy.” President Trump called Obama’s nuclear deal with Iran, “one of the worst and most one-sided transactions the United States has ever entered into.” He also floated the possibility of pulling out of the deal, but did not do so...

Six months ago, the price of oil—the lifeblood of the Russian economy—began to crater, and U.S.-led sanctions, implemented in the wake of Russia’s annexation of Crimea in Ukraine, were biting. Russia’s currency, the ruble, buckled, and capital flight began to accelerate as rich but nervous Russians moved more and more money out of the country. It seemed plausible then to wonder: Could Vladimir Putin be losing his grip? Might economic pressure be enough to rein him in, or even lead to his downfall? Today, the answer is becoming clear—and it’s not the one the West was hoping for. Not only...

There had never been a case of Ebola in the U.S. until a few months ago. Since then, thousands of people have died of the disease in Africa, and millions upon millions of dollars have been spent treating Ebola patients in the U.S. who acquired it there, one of whom has died. But the Obama administration refuses to impose a travel ban. This summer, the U.S. government imposed a travel ban on Israel simply to pressure Prime Minister Netanyahu into accepting a ceasefire agreement. But we can't put a travel restriction on countries where a contagious disease is raging. It's...

The war in Syria, started by locals, is now a regional conflict, the meeting ground of two warring blocs. On one side, the radical Shiite bloc led by Iran, which overflies Iraq to supply Bashar Assad and sends Hezbollah to fight for him. Behind them lies Russia, which has stationed ships offshore, provided the regime with tons of weaponry, and essentially claimed Syria as a Russian protectorate. And on the other side are the Sunni Gulf states terrified of Iranian hegemony (territorial and soon nuclear); non-Arab Turkey, now convulsed by an internal uprising; and fragile Jordan, dragged in by geography....

The excremental liberal press is boycotting coverage of this to protect Obama but Fox is covering it. Staten Island has received zero help after four days. Bloomberg has stolen three huge generators to power marathon tents and given no help to the people of Staten Island. The entire borough is a ruined disaster. No food, no water, no gasoline, the homeless wandering across the island with no shoes, no socks, injured, starving, crying for help from camera crews. People fighting one another over dumpster garbage. Death toll rising. Another Liberal success story.

President Barack Obama’s struggled to defend his price-boosting energy policies during a speech in Cushing, Okla., today, even as rapidly spreading criticism and rising gas prices damage his poll ratings. “He was incredibly defensive because little of what he says is true — that’s his dilemma,” said Dan Kish, a vice president at the Washington, D.C.-based Institute for Energy Research. Speaking off-the-cuff, Obama mistakenly said that “we only produce 2 percent of the world’s oil.” According to the federal government’s energy administration, the United States produces 10 percent of the world’s production, making it the third-largest oil producing nation. (SEE...

Just one month before its April 20 Gulf of Mexico oil spill, BP claimed it could skim 491,721 barrels of oil a day in the event of a major oil spill. So now that it's not merely a thought exercise, how much has it skimmed each day? 900 barrels. That's less than 0.2% of its estimate.

Breaking News: 21 Killed in Shootout Between Mexican Gangs Near U.S. Border

By Robert Palmer Thank God Louisiana Gov. Bobby Jindal refused to be intimidated by the Coast Guard. Sixteen barges were stationary for 24 hours. Workers in hazmat suits and gas masks pumped the oil out of the Louisiana waters and into steel tanks. It was a homegrown idea that was working until the Coast Guard shut the operation down because they couldn’t confirm there were fire extinguishers and life vests on board. A Coast Guard representative told ABC News today that it shares the same goal as the governor. But the coast guard, the media, BP and Obama don’t seem...

Taped from Caminada Bay in Grand Isle, La., on Friday, President Obama warned people in his weekly address to be “prepared for the worst,” even as everyone hopes that BP’s efforts “bring better news than we’ve received before.” “Over the last few days, BP has placed a cap over the well, and it appears they’re making progress in trying to pump oil to the surface to keep it from leaking into the water,” Obama said in the address, taped from Caminada Bay in Grand Isle, La., on Friday. "But as has been the case since the beginning of this crisis,...

Market Pulse Two weeks ago, I indicated that I had gone into a full, risk neutral hedge on my call options portfolio. This, of course, was equivalent to a call to cash in light of weakening market conditions. Since that time, the market has continued to deteriorate technically, and this technical deterioration clearly reflects uncertainties over economic fundamentals. This call to hedge or cash remains in play.