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Deepwater

Banned
Oct 25, 2017
6,349







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

More: White House is privately encouraging US companies to buy more Russian fertilizer because the supply shock is driving food prices further and could spark famine risk in developing world

Article link: https://t.co/Ppok7kcm3F

Thank God we have the best and brightest leading us. Truly.
 
Oct 26, 2017
20,440
It's extremely weird to post a super over the top fascist in Saagar but from a... "left leaning" perspective to I guess criticize opposing Russia?

Obviously the White House should have expected this to be extremely expensive, but this thread itself is very strange.
 

Brandson

Member
Oct 26, 2017
2,219
Predictably, looking for someone to point the finger at other than themselves for inflation. Monetary policies, particularly QE, money printing, and all the other crap federal reserves and the like have been doing for years, and especially in the last couple of years, is the primary cause of inflation. Sure there are lots of factors, but that is the number one cause. They will do everything possible to direct blame somewhere else.
 

Raftina

Member
Jun 27, 2020
3,623
Oh? They are actually admitting (privately) that the sanctions are hurting the developing world? That is rather unexpected. Then I read further into the article: I suppose after being forced to publicly deny that the sanctions are causing harm, it is not entirely unusual for them to check if the denial is actually true.
 

CrocM

Member
Oct 25, 2017
9,625
There's no sign that administration officials feel their sanctions policy was a mistake or that they want to dial back the pressure. If anything, officials have said a key US goal is to ensure Russia can't do to other nations what it has done in Ukraine.

Seems like an important quote.
 

Volimar

volunteer forum janitor
Member
Oct 25, 2017
38,515
It doesn't help when everything from oil, to food brands, to airlines have taken it as a cue to price gouge.


But yeah, there were significant worries over Russian fertilizer for whom there is a lot of dependency in Europe and beyond. Not to mention that Ukraine is a bread basket and that's going to drive prices even higher.

I still think sanctions were the right call, but it really only works if we as nations can help each other through it together, and we can't even ask half our legislature to get its shit together.
 

GoldenEye 007

Roll Tide, Y'all!
Banned
Oct 25, 2017
13,833
Texas









Article link: https://t.co/Ppok7kcm3F

Thank God we have the best and brightest leading us. Truly.

Or maybe shit is just complicated with different options all with varying degrees of negatives.

Kind of hard to adequately respond to a dictator who will invade countries unprovoked without causing larger potential issues. Appeasement also is an action proven to not work and have even more significant global consequences. And direct conflict wasn't going to be an option either.
Predictably, looking for someone to point the finger at other than themselves for inflation. Monetary policies, particularly QE, money printing, and all the other crap federal reserves and the like have been doing for years, and especially in the last couple of years, is the primary cause of inflation. Sure there are lots of factors, but that is the number one cause. They will do everything possible to direct blame somewhere else.
Aren't these all mostly things handled by the federal reserve, a body that doesn't really answer to the executive? And stuff set in motion prior to Biden getting into office? If you mean money printing via legislation and issuing checks to people, I'm not sure what not issuing those checks would have caused in the immediate aftermath of mass layoffs brought on by the pandemic. Probably would have been even less pretty.
 

B-Dubs

That's some catch, that catch-22
On Break
Oct 25, 2017
32,776
How about we try this again with you posting the actual article with your own commentary instead of a bunch of tweets from some rando with a podcast that nobody's ever heard of.
 
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