Biden Creates Another International Mess: Officials Privately Admit They Just Made Everything Worse
Just a few short months ago, if anyone thought Biden’s sanctions against Russia would fail, that person would be labeled a fascist but now even insiders at the White House admit they got it all wrong.
Officials privately inside the Administration are admitting their sanctions hurt the Russian people and Americans more than they hurt Putin.
From Bloomberg:
But the collateral damage from the sanctions has been wider than expected.
When the invasion began, the Biden administration believed that if penalties exempted food and energy, the impact on inflation at home would be minimal. Since then, energy and food have become key drivers of the highest US inflation rates in 40 years, a huge political liability for President Joe Biden and the Democratic party heading into November’s mid-term elections.
“As a result of these unprecedented sanctions, the ruble almost is immediately reduced to rubble,” President Joe Biden said during his visit to Poland.
Now, the ruble is at a seven-year high.
From Reuters:
The Russian rouble firmed more than 6% against the euro on Monday to a near seven-year high, boosted by capital controls, strong oil prices and an upcoming month-end tax period.
By 1338 GMT, the rouble had gained 6.3% to trade at 58.75 versus the euro , its strongest point since early June 2015.
It was 4.6% stronger against the dollar at 57.47, not far from 57.0750, its strongest mark since late March 2018, hit on Friday.
Once again, the Biden administration got it all wrong.
Bloomberg: White House officials privately admit “the collateral damage” from Russia sanctions “has been wider than expected”
And that they originally believed sanctioning food/energy would have a “minimal” effect on inflation here at home https://t.co/Ppok7kcm3F pic.twitter.com/hLgyf8bhoC
— Saagar Enjeti (@esaagar) June 14, 2022
The Biden administration was wrong about Russia like they were with COVID, Afghanistan, antigen tests, gasoline prices, baby formula, and supply chain issues.
So what are they doing now that Russia is firmly set to take over the entire eastern half of Ukraine?
Send them another $1 billion.
NEW: The White House announces that the U.S. will be providing Ukraine with another $1 billion in military assistance. pic.twitter.com/xfrQBPDInk
— Alex Salvi (@alexsalvinews) June 15, 2022