Previous Post
It's a pretty unfortunate situation. Really, what was Biden supposed to do? Not put all those sanctions on Russia? I mean, that needed to be done, I get that, but there were gonna be consequences for that. A lot less oil is being imported now, which means gas is getting more expensive, which affects other things. What can be done about it, really?
|
So the way you see it is that (1) inflation was basically unavoidable; (2) there's nothing this or any administration could do about it; and (3) that it's primarily been caused by our response to the war in Ukraine?
I will say, it's worth noting that there were people warning against doing those sanctions and further, the fact they didn't work (and had kind of a reverse effect in many ways) would sort of suggest they didn't need to happen. In other words, if you knew beforehand they would have hurt us and Western Europe more than Russia, you'd agree we shouldn't do them, right?
cheers,
---the late great Donald Blake