Obama Administration

The Endless Dodge - Why Washington Doesn't Come Clean On The Downing Of MH-17

"The objective, quite simply, was to heap as much abuse on the Soviet Union as possible... The American media swallowed the U.S. government line without reservation... The perception we wanted to convey was that the Soviet Union had cold-bloodedly carried out a barbaric act... The moral of the story is that all governments, including our own, lie when it suits their purposes. The key is to lie first."

Senators Slam Loretta Lynch: End The Climate Change Witch Hunt

In light of the continued push by state AGs to go after Exxon on climate change, five senators have sent a letter to U.S. Attorney General Loretta Lynch demanding that in two weeks, the Department of Justice "immediately cease its ongoing use of law enforcement resources to stifle private debate on one of the most controversial public issues of our time - climate change." Or, said otherwise, to end the government witch hunt against political opponents of president Obama's energy agenda.

Losing Ground In Flyover America, Part 3

The Fed’s crusade to pump-up inflation toward its 2.00% target by hammering-down interest rates to the so-called zero bound is economically lethal. The former destroys the purchasing power of main street wages while the latter strip mines capital from business and channels it into Wall Street financial engineering and the inflation of stock prices.

Obama Steps In To Defend Hillary: DOJ Fights To Block Clinton Deposition

Late Thursday evening the Justice Department, under US attorney general Loretta Lynch, first appointed in 1999 by none other than Bill Clinton,  filed a court motion opposing the Clinton deposition request from conservative legal watchdog Judicial Watch, claiming that the organization was trying to dramatically expand the scope of the lawsuit.

First Photos Of US Soldiers In Syria Released

Following the propagandist double-speak gushing forth from the Obama administration over when a "boot on the ground" in Syria is a "boot on the ground," the following photographs via Agence France-Presse confirm US special operation forces in a rural village 40 miles from Raqqa. As The Guardian reports, the Pentagon press secretary, resisted commenting on the photographs and would only describe the US special operations forces’ mission in generic terms, despite the fact that these troops are at the frontline of fighting when President Obama assured America that forces are consistently behind the forward lines.

3 Things: Auto Angst, Valuation Vulnerabilities, & Delusional Decouplings

Yes, the “bull market” is currently alive and well. However, there are mounting signs that a “cancer” has taken hold and will eventually reveal itself in the not so distant future. Unfortunately, for most investors, the inevitable outcome of chasing yield with a complete disregard of the underlying risk will be catastrophic.

"We Will Fight This All The Way To The Supreme Court" - 11 States Sue Obama Over Transgender Bathrooms

Officials from 11 U.S. states sued the Obama administration on Wednesday to overturn a directive telling schools to let transgender students use bathrooms matching their gender identity, decrying the policy as "a massive social experiment." Joining Texas in the lawsuit was Alabama, Georgia, Louisiana, Oklahoma, Tennessee, Utah, West Virginia and Wisconsin, plus Arizona's Department of Education and Maine's governor. "We are willing to fight this all the way to the Supreme Court if we have to," Republican Texas Attorney General Ken Paxton told reporters in Austin. 

Frontrunning: May 26

  • Wall Street Crime: 7 Years, 156 Cases and Few Convictions (WSJ)
  • Japan's Abe points to 2008 crisis as G7 leaders debate global risk (Reuters)
  • Brent Crude Rises Above $50 a Barrel (WSJ)
  • New York financial regulator gearing up to probe online lenders (Reuters)
  • At Swinging Wall Street Parties, the Feds Are Now on the Prowl (BBG)

Least Transparent Ever - The Truth About Obama's Liberal Potemkin Village

After early promises to be the most transparent administration in history, this has been one of the most secretive. And in certain ways, one of the most elusive. On media rights generally, the Obama administration hasn’t walked its talk. It has set new records for stonewalling or rejecting Freedom of Information requests. And it has used an obscure federal act to prosecute leakers.

Meet The Syrian Al-Qaeda Linked Rebel Who Freely Visited America Last Year

U.S. foreign policy is such a disastrous joke, trying to keep up with it is essentially a full time job. In case you still had any doubt as to why ISIS and other assorted terrorists seemed virtually unstoppable in Syria until Russia became involved, the following piece should clear things up.

ObamaCare Isn't Working - These Five Charts Show Why

Six years ago, President Barack Obama signed the Patient Protection and Affordable Care Act into law. Since then, Americans have seen their premiums increase, a dozen nonprofit insurers have closed their doors and the number of people on the Medicaid rolls has expanded. Americans nationwide have both praised and cursed the law since the federal and state-run exchanges launched in October 2013. Here are five graphs charting Obamacare’s six-year history...

Iran's Ayatollah: "The US Can't Do A Damn Thing About Our Missile Program"

"The US have engaged in a lot of hue and cry over Iran’s missile capabilities, but they should know that this ballyhoo does not have any influence and they cannot do a damn thing. The US and other powers are extremely sad at this issue and they have no other option; that is why they made huge efforts in order to bring the country’s decision-making and decision-taking centers under their control, but they failed and God willing, they will continue to fail."

Frontrunning: May 24

  • Asian stocks near 11-week lows, dollar bounces on Fed rate view (Reuters)
  • Poll Finds Lack of Enthusiasm for Clinton and Trump (WSJ)
  • Oil falls for fifth day as focus returns to growing exports (Reuters)
  • The Hedge Fund That Couldn't Stay Open Long Enough for a Big Payday (BBG)
  • French police break up refinery blockade in anti-reform showdown (Reuters)

Ron Paul: Much Ado About Restrooms

Some say government must be involved in the debate over what bathroom transgender individuals should use in order to ensure that private businesses do not violate individual rights. Those who make this claim are accepting the idea that rights are no more than a gift from the government that can be revoked at the will and whim of legislators and bureaucrats. This argument turns rights from a shield protecting our liberties into a sword that can and will be used to increase government control of our lives.