He invaded Ukraine, didn’t he? And gas prices spiked.
Ah, Putin. Is there anything he can’t do?
The problem with this feeble effort at scapegoating is that inflation was surging long before Putin invaded Ukraine.
Russian troops began lumbering over the Ukrainian border on Feb. 24.
Indeed.
By mid-December last year, the price of just about everything had skyrocketed.
At first, administration mouthpieces claimed that rising prices were no big deal because they were “transitory.”
Here we are, Jen, well into 2022.
The highest, in other words, in 40 years.
Vladimir Putin is not to blame for this.
Joe Biden’s policies are, in particular, his “Green Energy” nonsense and his incontinent printing of make-believe money.
He has certainly tried.
Now the chickens are coming home to roost.
You can see why.
That’s $433 a month. Bloomberg calls this an “inflation tax.”
And of course this disaster is unfolding not just in America.
It’s a worldwide disaster.
Some countries with fragile economies are poised for true neediness, even famine.
But even countries with more robust economies will be facing what economists call “demand destruction” as prices rise, goods become scarce, and the mood of the people sours.
It turns out that the sanctions imposed on Putin by the Biden administration have caused at least as much pain to Americans as to Putin.
“The unprecedented financial sanctions imposed on Russia after its invasion of Ukraine threaten to gradually dilute the dominance of the US dollar and result in a more fragmented international monetary system,” the Financial Times writes, citing an IMF official.
It’s difficult to say where it will end.
As of this writing, the Russian military in Ukraine seems to have hunkered down. They seem to have ceased advancing against Kyiv, but that doesn’t mean they’re withdrawing.
Sane observers are warning against escalation in the conflict with Russia.
Biden seems oblivious.
The White House then denied that by “in kind” he meant, well, “in kind.”
Visiting the 82nd Airborne in Poland, Biden more than hinted that he would be sending them to Ukraine. Things are bad on the ground, he said, as you’ll see “when you’re there.”
The White House walked that back, too.
Just how dangerous is the Biden administration to the American people and indeed to the world?
I’m not sure we are yet able to total up the losses or calculate the devastation wrought by the negligent incompetence of this regime.
I do, however, recall with sadness Aristotle’s observation that there are some courses of action that put one in a situation that is irretrievable.
One is then beyond the pale.
There is no right behavior, because you’ve put yourself in a situation that is unsalvageable.
I fear that is where Biden is now.