- Ron Paul
Foreign Policy Fail: Biden's Sanctions are a Windfall for Russia!
This article is an edited reprint of an original opinion piece published on The Ron Paul Institute for Peace and Prosperity.
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.
The views expressed in this article are those of the author and not necessarily the views of the Libertarian Party of Orange County.
Ron Paul is a former Republican congressman for Texas's 22nd and 14th congressional districts. He also ran for president as a Libertarian in 1988 and as a Republican in 2008 and 2012. He currently chairs The Ron Paul Institute for Peace and Prosperity and hosts the Ron Paul Liberty Report on YouTube.