Moon of Alabama

One might argue that Biden’s plan to lure Russia into a war in Ukraine has worked well. NATO is at least temporarily united and the EU under strict U.S. control. But the monetary assault on Russia via sanctions has turned out to be a total failure with the ruble gaining new heights. The effects of the sanctions have instead created another supply shock with prices for oil, fertilizer and wheat going through the roof.

The World Bank has downgraded its global growth predictions and is warning of stagflation. The average gasoline price in the U.S. has hit $5 per gallon and is likely to increase further. General inflation has markedly increased thought the causes get misidentified. This while the stock and house markets are more or less in free fall.

It does not look good at all for the Democrats in the upcoming mid-term election or a reelection of Biden in 2024.

Morale in the White House is down:

President Joe Biden and his aides have grown increasingly frustrated by their inability to turn the tide against a cascade of challenges threatening to overwhelm the administration.

Soaring global inflation. Rising fuel prices. Russia’s invasion of Ukraine. A Supreme Court poised to take away a constitutional right. A potentially resurgent pandemic. A Congress too deadlocked to tackle sweeping gun safety legislation even amid an onslaught of mass shootings.

In crisis after crisis, the White House has found itself either limited or helpless in its efforts to combat the forces pummeling them. Morale inside 1600 Pennsylvania Ave. is plummeting amid growing fears that the parallels to Jimmy Carter, another first-term Democrat plagued by soaring prices and a foreign policy morass, will stick.

Biden could still save his bacon by replacing his ideological minded secretary of state and national security advisor with capable realists. The above list includes enough reasons to do so.

He also needs to shut down the war in Ukraine. He could tell Zelensky to end the senseless fighting and to submit to Russia’s demands. Sanctions against Russia could then be lifted and a further oil price increase prevented. (As the war has already moved off the front pages this is likely doable.)

Reader comments:

The Biden Admin is lead by a brain-trust of Nudelman Nuland, The Kagans, Soros, Blinken and other associates of Epstein/Maxwell.

All they know are Strong Arm tactics and bullying bluster.

Its ineffective and wearing thin.

Posted by: Chaka Khagan | Jun 8 2022 17:11 utc | 14

If you don’t know what you’re doing, neither does your enemy.
– Joe Tzu

Posted by: Ricardo Ramirez | Jun 8 2022 16:35 utc |

https://www.armstrongeconomics.com/humor/joe-tzu-the-art-of-losing-war/

There is NO “Biden Administration” unless you refer to his schedule of “Depends” changes, his ice cream and beach breaks and his rounds of appearing at a podium spouting the gibberish fed to him by his insane handlers (Obama, Rice, Jarrett, et. al) combined with his usual and regular outbreaks of “Old Man Yells at a Cloud!”

Posted by: Garry Owen | Jun 8 2022 16:34 utc | 2