Corporate ‘Self-Sanctioning’ of Russia Has US Fearing Economic Blowback
Officials seek to clarify guidance so there aren’t unintended impacts on inflation, supply chains
t.co
Bloomberg: White House officials privately admit "the collateral damage" from Russia sanctions "has been wider than expected"
- Thread starter Morrison71
- Start date
t.co
So basically, it had a boomerang effect on us….
I keep saying it, how can someone who has been in politics this long be so bad at it?
I keep saying it, how can someone who has been in politics this long be so bad at it?
They say practice makes permanent. When a man has practiced fail this long, it's all he knows.
That's just the nature of sanctions when dealing with a nuclear power, there are no effective options without serious side effects. You either try to do something good and accept that there will be costs that could prove much greater than expected or you do nothing and sit on the sidelines while a war rages.
War in Ukraine is just one of many factors.
Problems in the US economy was already visible in 2021
Inflation notches a fresh 30-year high as measured by the Fed's favorite gauge
Annual inflation rose at its fastest pace in more than 30 years during September despite a decline in personal income.www.cnbc.com
Investors brace for the highest inflation reading in nearly 40 years
Wall Street expects the the CPI to reflect a 0.7% gain for the month, which would translate into a 6.7% increase from a year agowww.cnbc.com
^ both news from last year.
But also, yes these reactions to sanction are completely predictable.
Iran: Sanctions Threatening Health
The Trump administration’s broad sanctions on Iran have drastically constrained the ability of the country to finance humanitarian imports, including medicines, causing serious hardships for ordinary Iranians and threatening their right to health.
Gates’ book is a very good read. Obama’s defense Secretary. I believe President Obama memorized his name.
"I think he has been wrong on nearly every major foreign policy and national security issue over the past four decades."
Bob Gates Memoir Slams Joe Biden for Being 'Wrong' on Foreign Policy
Gates' criticism of Biden echoes familiar refrain from GOP.
That's just the nature of sanctions when dealing with a nuclear power, there are no effective options without serious side effects. You either try to do something good and accept that there will be costs that could prove much greater than expected or you do nothing and sit on the sidelines while a war rages.
War in Ukraine is just one of many factors.
Problems in the US economy was already visible in 2021
Inflation notches a fresh 30-year high as measured by the Fed's favorite gauge
Annual inflation rose at its fastest pace in more than 30 years during September despite a decline in personal income.
www.cnbc.com
Investors brace for the highest inflation reading in nearly 40 years
Wall Street expects the the CPI to reflect a 0.7% gain for the month, which would translate into a 6.7% increase from a year ago
www.cnbc.com
^ both news from last year.
But also, yes these reactions to sanction are completely predictable.
Iran: Sanctions Threatening Health
The Trump administration’s broad sanctions on Iran have drastically constrained the ability of the country to finance humanitarian imports, including medicines, causing serious hardships for ordinary Iranians and threatening their right to health.www.hrw.org
You think this was the administration’s plan? Somehow I’m not sure they were prepared to be this far down in the polls this early into his presidential tenure.
So everyone in here complaining about Biden, think there should have been no sanctions on Russia? Is that really what all of you are saying?
No one is saying that.
The question is though... WHY aren't the sanctions having the desired effect?
They took over a god damn shit show, wtf do you mean?
Yes, if you are complaining about the effects of sanctions, this isn’t that hard to understand people.
They are. Russia is living in the 1990’s. Soon they will be living in the 1980’s.
Everything in the country has doubled in price. They will soon be without air travel and reliant on older trains that don’t require software upgrades. They have incredible brain drain and are headed towards an economic disaster.
Because Europe and others are still buying a shit-ton of Russian gas and oil?
I tried explaining at the time that it would be impossible to sanction Russia and cut them off from global finance, and that hasn't changed
The US needs to shit or get off the pot on this one before it causes famine or people can't heat their homes this winter. Pick one, but you can't be one foot in and one foot out, because this can't drag on.
The US needs to shit or get off the pot on this one before it causes famine or people can't heat their homes this winter. Pick one, but you can't be one foot in and one foot out, because this can't drag on.
Russia’s economy will contract by 14% this year with 10% inflation. On specialty goods the inflation is more like 100%.
The sanctions are working. Putin is choosing to turn his country into North Korea.
The sanctions are working. Putin is choosing to turn his country into North Korea.
I guess the west had better help Ukraine win faster.
Scoop: Biden leans toward easing some of Trump's China tariffs
The president met with key Cabinet members last Tuesday
www.axios.com
Biden Weighs Ending Some China Tariffs Soon in Response to Inflation
The administration will decide in the coming weeks on the Trump-era levies on Chinese goods to help ease inflation, as business groups push to lift them and unions seek their extension.
www.wsj.com
The “High Road” is only going to result in Dems holding the bag for everyone, and the GOP gets to walk away scot-free.
This isn't entirely surprising. However, I thought the idea is that we were supposed to be brave promoters of democracy and be willing to sacrifice a bit for the greater good. (in enacting some of these sanctions)
can’t argue with what you said, it’s a matter of how much sacrifice the American people are willing to take.
People in government rarely know what they are doing. They are NOT experts at what they are responsible for, and this admin continues to show how little they really do know.
