Drudge Retort: The Other Side of the News

Drudge Retort

User Info

boaz

Subscribe to boaz's blog Subscribe

Menu

Special Features

Thursday, December 25, 2025

A 2020 clip of a Fulton County election worker testifying under oath that she observed 100% of military absentee ballots go to Biden is now resurfacing amid the new revelation that over 300,000 ballots were illegally counted in Fulton County. Official: "I estimated that somewhere between 80 and 90 percent were going to Joe Biden. Throughout the day it kept making me sicker and sicker every time I saw another Biden, Biden, Biden, and then I'm going through batches"100 percent of the batches were Biden. I find that statistically impossible."


Monday, December 22, 2025

Heading into a year with midterm elections, 18 percent of voters approve of the way the Democrats in Congress are handling their job, while 73 percent disapprove, which is a record low job approval rating for them, according to a Quinnipiac (KWIN-uh-pea-ack) University national poll of registered voters released today.


Yall wont post it, but I will..


Thursday, December 18, 2025

Authorities in Massachusetts charged two Haitian men with SNAP program fraud amounting to over $7 million on Wednesday. The suspects, 74-year-old Antonio Bonheur and 21-year-old Saul Alisme, each face one charge of food stamp fraud. District of Massachusetts U.S. Attorney Leah Foley said the two men used small storefronts, the Jesula Variety Store and Saul Mache Mixe Store, to redeem the SNAP benefits sometimes amounting to $500,000 per month.


Tuesday, December 09, 2025

Mayor-elect Zohran Mamdani has chosen a formerly incarcerated rapper to serve on his City Hall transition team as he prepares to take office in New York City Jan. 1, according to reports. The controversial selection comes as Mamdani, who won November's election on a progressive platform, assembles his transition team. Mamdani's appointment of Mysonne Linen, 49, was announced in a Nov. 26 Instagram post from Until Freedom, a New York City"based social-justice organization, where Linen is a leader.


Comments

A lot of people are reacting emotionally to the idea of oil tankers being seized, but most of the outrage comes from not understanding what is actually being discussed.
So let's slow this down and explain it clearly, legally, and step by step.

This is not war.
This is not piracy.
This is judgment enforcement " the same principle used every day when courts seize bank accounts, property, aircraft, or cargo from someone who lost in court and refuses to pay.

1. What Venezuela did (the part that always gets skipped)

In the 2000s, under Hugo Chvez, Venezuela seized oil projects owned by foreign companies, including major U.S. firms such as ExxonMobil and ConocoPhillips.

This wasn't a policy disagreement.
It was expropriation:
Contracts were broken
Assets were taken
Compensation that had been agreed to was not paid

That is not controversial. It is historical fact.

2. What the courts decided

Those U.S. companies didn't complain on social media.
They went to international arbitration and U.S. courts " the proper legal venues.

They won.

The rulings were:
Final
Binding
Enforceable

Venezuela lost and was ordered to pay tens of billions of dollars in damages.

3. The real problem: Venezuela refused to pay

Here is the key point most critics ignore:

Venezuela refused to comply with the court judgments.

In any legal system " domestic or international " when a party:
Loses in court
Owes a judgment
Refuses to pay

... the law allows creditors to seize commercial assets belonging to the debtor outside its borders to satisfy the judgment.

This is called judgment enforcement.

Countries do not get a free pass simply because they are countries.

4. Why oil tankers even enter the conversation

Venezuela's primary commercial asset is oil.

Oil moves on oil tankers.

Those tankers:
Carry state-owned Venezuelan oil
Are commercial property, not military or diplomatic assets
Can be lawfully seized by court order in cooperating jurisdictions

This is no different in principle from seizing:
A bank account
A plane
A shipment of goods

Calling this "piracy" is legally incorrect.
Piracy is theft without lawful authority.
This is court-ordered seizure to collect a debt already ruled on.

5. The math everyone avoids

Let's use conservative, realistic numbers so no one can claim exaggeration.
Estimated unpaid court judgments: ~$35 billion
Oil price used: $62 per barrel
Typical large oil tanker (VLCC): ~2 million barrels

Value of one full tanker:
Gross value: ~$124 million
Net value after realistic court-sale discounts: ~$115 million

Now do the math:

$35,000,000,000 $115,000,000 300 tankers

That's where the number comes from.

Not one tanker.
Not ten.
About three hundred.

One tanker only covers about one-third of one percent of what Venezuela owes.

KEY ECONOMIC METRICS MOVING THE RIGHT WAY..
" Inflation Has Cooled..
As of November 2025, headline inflation was 2.7% year-over-year, down from much higher levels in prior years ... though data gaps from the government shutdown complicate exact month-by-month comparisons ... . it is still trending down. Which is a good sign.
" Federal Deficit Has Decreased..
The U.S. federal budget deficit for fiscal year 2025 was about $1.775 trillion, down roughly $41 billion ...
As a share of GDP, the deficit dropped from 6.3% to 5.9%.
These are the first annual deficit reductions since 2022 ... due to Trump's tariffs.
' Prescription Drug Prices Are Coming Down..
In December 2025, the Trump administration and nine major drugmakers agreed to cut prices by up to 70% on key medicines and will offer discounted prices directly to consumers under a new platform ... .
Additional Medicare payment models are projected to save over $26 billion in drug costs by tying U.S. prices to international benchmarks. ..
POLICIES DRIVING THESE TRENDS..
Energy & Fuel
Expanded domestic energy production and reduced regulatory hurdles helped increase supply, putting downward pressure on gas prices and energy costs ...
" Inflation & Interest Rates
Stable inflation allows the Federal Reserve to cut rates ... it has already cut the federal funds rate several times in 2025, easing borrowing costs ...
' Drug Pricing Deals
The most-favored-nation pricing strategy and manufacturer agreements mean lower costs at the pharmacy counter and better Medicaid pricing..
' Deficit Reduction
Stronger revenues and tariff collections helped shrink the deficit, showing progress on fiscal discipline ...
FACTS OVER FEELINGS..
Let's be real:
" Inflation isn't collapsing " but it has cooled significantly from pandemic-era peaks.
" Deficits are still large " but they are smaller than the year before.
" Drug costs aren't free " but major companies have agreed to real price cuts, some up to 70% and new savings initiatives are projected to save billions ...
These are real numbers, backed by government reporting and reputable news outlets ...

Drudge Retort
 

Home | Breaking News | Comments | User Blogs | Stats | Back Page | RSS Feed | RSS Spec | DMCA Compliance | Privacy