February 24, 2022

The Lion That Squeeked

Frank Lasee directs our attention to this Heartland article:

Russia's Minuscule Economy: The Mouse That Roars

"Even three U.S. states have larger GDPs than Russia: California ($3.1 trillion), Texas ($1.78 trillion) and New York ($1.7 trillion). Note that California has more than twice the GDP of Russia.” 🤔

Tim adds:

That is why this current crisis was so easily avoided. Russia is only able to do this because the prices of oil and gas are so high now thanks to Joe Biden's war on energy and Europe's fascination with the intermittent wind and solar. Europe needs Russian gas now, int he dead of winter. So Putin, flush with oil and gas money, could invade Ukraine with no fear. And do not forget, he has a nuclear arsenal that is smaller than ours but much newer and we dare not go too far in pushing them as a result. Biden could end this any time he likes, by blockading the Bosporus and the estern Baltic and by suspending Russia from SWIFT (Society for Worldwide Interbank Financial Telecommunication). Russia would crumble very quickly and be forced to withdraw. Biden seems to want this war so he can change his political fortunes, if you ask me. Biden could waive the many restrictions he put on American energy, and ask the Saudis to ramp up production. But he is beholden to the Greens and won't do that.

Posted by: Timothy Birdnow at 02:22 PM | Comments (4) | Add Comment
Post contains 237 words, total size 2 kb.

1  Are you asking the most incompetent person to ever walk, who has surrounded himself  with equal incompetents to escalate this?  No Thank you. The only chance that this can be stopped is if the Russian people stop it and the reports of success are dimming that prospect.   Again we see that Putin isnt stupid. He is paying for this invasion with the monies coming in from the Europeans whose foolish embrace of green technology has left them energy independent on Russia.
 

Posted by: Mike at February 24, 2022 02:45 PM (NaXLk)

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Posted by: SMM panelone at February 25, 2022 12:09 AM (Loccr)

3 Mike, what I am calling for is economic pressure on Putin, real pressure as opposed to what Mr. Biden is currently employing (which is little). He won't do it because he and the Democrats are beholden to Russia, and because he can use this to promote "green" tech.

I doubt the Russian People have much of a say, and if they do they probably favor the invasion. There has been months, nay, years of propaganda against the Ukrainians and they probably at best don't care and at worst despise the Ukrainians.

The Levada Center, one of the only independent polling agencies in Russia, found 50 to 70% approval of the invasion, so it's over half but not that much over. https://cnsnews.com/index.php/article/international/dimitri-simes/russian-reactions-war-are-mixed-first-day-sees-ukrainian

That will sour if this war drags on and the costs become apparent to the Russian People. But there is time, which is what Putin is counting on to pull this off. He wants this quick and decisive.

Given Biden and the Europe's tepid response it no doubt will be.

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