Monday , August 8 2022
Home / SNB & CHF / Foreign Policy Fail: Biden’s Sanctions are a Windfall For Russia!

Foreign Policy Fail: Biden’s Sanctions are a Windfall For Russia!

Summary:
It’s easy to see why, according to a new Harris poll, 71 percent of Americans said they do not want Joe Biden to run for re-election. As Americans face record gas prices and the highest inflation in 40 years, President Biden admits he could not care less. His Administration is committed to fight a proxy war with Russia through Ukraine and Americans just need to suck it up. Last week a New York Times reporter asked Biden how long he expects Americans to pay record gasoline prices over his Administration’s Ukraine policy. “As long as it takes,” replied the president without hesitation. “Russia cannot defeat Ukraine,” added Biden as justification for his Administration’s pro-pain policy toward Americans. The president has repeatedly tried to deflect blame for the

Topics:
Ron Paul considers the following as important: , ,

This could be interesting, too:

Bruce Ramsey writes Garet Garrett: Far Forward of the Trenches

Marc Chandler writes Inflation

Patrick Konstantin writes Bitcoin und Aktienmarkt immer noch eng verbunden

Heiko de Boer writes Austrian Economics and the Capital Asset Pricing Model: A Reconcilation?

Foreign Policy Fail: Biden’s Sanctions are a Windfall For Russia!It’s easy to see why, according to a new Harris poll, 71 percent of Americans said they do not want Joe Biden to run for re-election. As Americans face record gas prices and the highest inflation in 40 years, President Biden admits he could not care less. His Administration is committed to fight a proxy war with Russia through Ukraine and Americans just need to suck it up.

Last week a New York Times reporter asked Biden how long he expects Americans to pay record gasoline prices over his Administration’s Ukraine policy. “As long as it takes,” replied the president without hesitation.

“Russia cannot defeat Ukraine,” added Biden as justification for his Administration’s pro-pain policy toward Americans. The president has repeatedly tried to deflect blame for the growing economic crisis by claiming Russia is solely behind recent inflation. “The reason why gas prices are up is because of Russia. Russia, Russia, Russia,” he said in the same press conference.

But Biden has a big problem: Americans do not believe him. According to a Rasmussen poll earlier this month, only eleven percent of Americans believe Biden’s claim that Russian president Vladimir Putin is to blame for high prices.

When it comes to disdain for the average American hurt by higher prices, there is more than enough in the Biden Administration to go around.

Brian Deese, Director of President Biden’s National Economic Council, was asked in a recent CNN interview, “What do you say to those families that say, listen, we can’t afford to pay $4.85 a gallon for months, if not years?”

His answer? “This is about the future of the Liberal World Order and we have to stand firm.”

Has there ever been an Administration more out of touch with the American people? If you asked working Americans whether they’d be happy to suffer poverty for the “liberal world order,” how many would say “that sounds like a great idea”?

President Biden’s attempts to bring down gasoline prices are bound to fail because he does not understand the problem. He can beg the Saudis to pump more oil, he can even threaten the US oil companies as he did in a Tweet yesterday. He can buy and sell from the Strategic Petroleum Reserve in attempt to give the impression that prices are lowing. None of it will work.

The strangest part of this idea that Americans must suffer to hurt the Russians is that these policies aren’t even hurting Russia! On the contrary: Russia has been seen record profits from its oil and gas exports since the beginning of the Ukraine war.

According to a recent New York Times article, increasing global oil and gas prices have enabled Russia to finance its war on Ukraine. US sanctions did not bring the Russian economy to its knees, as Biden promised. They actually brought the American economy to its knees while Russian profits soared.

As Newsweek noted last week, Russian television pundits are joking that with the financial windfall Russia has seen since sanctions were imposed, “Biden is of course our agent.”

Washington’s bi-partisan foreign policy of wasting trillions on endless wars overseas has finally come home. Biden is clearly out of touch, but there is plenty of blame to go around. The only question is whether we will see an extended recession…or worse.

Originally published by the Ron Paul Institute. Republished with permission. 


Tags: ,
About Ron Paul
Ron Paul
Dr. Ron Paul is a former member of Congress and Distinguished Counselor to the Mises Institute.

Leave a Reply

Your email address will not be published. Required fields are marked *