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Russia controls the US economy

On Friday, after news broke that inflation had accelerated again to a 40-year high of 8.6%, President Joe Biden turned the US financial crisis into a national security crisis by telling the world that foreign leaders had near-total control over the American economy.

Shortly after the Bureau of Labor Statistics released the May price report, which, in addition to reporting an annual inflation rate of 8.6%, showed a full 1% increase on last month, President Biden started the pirouette: “Today’s report underscores why I have made fighting inflation my priority. economic priority. While it is good to see critical “core” inflation moderating, it is not coming down as sharply and as quickly as we should see. Putin’s price hike hit hard in May here and around the world: High gasoline prices at the pump, energy and food prices accounted for about half of monthly price increases.

The president’s entire speech struck a chord at odds with reality. “Biden did not make inflation his top economic priority,” noted Katie Pavlich shortly after. “For months, his administration denied inflation was happening, saying it wouldn’t be a problem, before calling it temporary and transitory last summer.” And soaring inflation started before Russia invaded Ukraine in January 2022.

The public has long known that Biden suffers from an acute case of blame suit. But the president’s persistent claims that Putin is responsible for our country’s accelerating inflation rates, when paired with Biden’s other actions and inactions, aren’t just tone-deaf, they’re dangerous. While finger-pointing has long been a mainstay for politicians, the Biden administration’s message goes beyond laying blame to admitting that foreign leaders can control the US economy in Joe’s America. Biden.

President Biden’s announced plans to meet Saudi Crown Prince Mohammed bin Salman during a trip to the region next month confirm this. Saudi Arabia, the world’s second-largest oil producer behind the United States, is the “unofficial head of the Organization of the Petroleum Exporting Countries (OPEC)”, and the planned visit looks certain to push for greater oil production of OPEC countries.

Go beg on your knees to the country it rejected

The announcement of President Biden’s intention to meet with bin Salman represents such a dramatic shift in direction that it will be seen as complete US submission to the country Biden has promised to make ‘the pariah they are’ shortly before his election.

In the final days of Donald Trump’s presidency, “Biden vowed to take a tough line on Saudi Arabia, saying he would tear up the ‘dangerous blank check’ Trump had written for the Saudis. “. During a presidential debate in 2019, Biden added that there is “very little social redemption value in the current government in Saudi Arabia.”

After his election, Biden “released a US intelligence report concluding that Prince Mohammed had approved the plan to capture or kill [journalist Jamal Khashoggi], who had been a vocal critic of the young Saudi leader. The Biden administration then continued its efforts to distance itself from Saudi Arabia, with then-press secretary Jen Psaki saying that “the Biden administration will ‘recalibrate’ the way it treats the kingdom.” .

The Biden administration has also moved to isolate bin Salman, with Psaki calling his father, King Salman, President Biden’s “counterpart”. This statement, notwithstanding the fact that bin Salman has for some time been considered the “de facto ruler” of Saudi Arabia, appears to declare the Biden administration unwilling to work with the Saudi leader.

Just over a year later, however, with Putin’s troops poised to invade Ukraine, the Biden administration is abruptly changing course, and Saudi Arabia has certainly taken notice. The president’s staff tried unsuccessfully to arrange a call between Biden and bin Salman “as the United States worked to build international support for Ukraine and contain a spike in oil prices.”

The Wall Street Journal reported in March that “Saudi Crown Prince Mohammed bin Salman and Sheikh Mohammed bin Zayed al Nahyan of the United Arab Emirates have both declined US requests to speak to Mr. Biden in recent weeks.” “A US official” told the Wall Street Journal that “the planned discussion” “is part of the opening of the tap [of Saudi oil].”

While snubbing Biden, the Wall Street Journal reported that “Prince Mohammed and Sheikh Mohammed took phone calls from Russian President Vladimir Putin,” in late February or early March, “after he refused to speak to Mr. Biden.

At the time, the Biden administration argued “there were no plans for Mr. Biden to travel to Saudi Arabia.” Just the week of the law, however, Biden’s current press secretary has acknowledged that the president intends to visit Saudi Arabia, although details are yet to be confirmed.

Putin may have brought Biden to his knees, but those once shunned Saudi princes now have the leader of the free world crawling across the desert sands for help from the man who told the Atlantic there are barely three months that he simply didn’t care if the American president understood him. “It’s up to him to think about America’s interests,” bin Zayed said of Biden.

America is strong when it controls its own energy

Rushing into Saudi Arabia and other OPEC nations does not serve America’s interests. America’s interests are best served by policies promoting energy independence, which was first achieved in 2019 under President Trump.

Since taking office, however, the Biden administration has pushed for a dramatic shift from fossil fuels to renewable energy sources. From canceling the Keystone pipeline to trying to stop new leases for drilling on public lands and offshore, these policies are making America more dependent on foreign energy sources run by ruthless dictators, like Russia. and Saudi Arabia.

Democrats like Michigan Sen. Debbie Stabenow are touting electric vehicles as the solution, with Stabenow springing from her new electric car she claims to have driven from Michigan to DC, bypassing “every gas station” along the way, oblivious gas prices. “I look forward to the opportunity for us to transition to vehicles that won’t depend on the whims of oil companies and international markets,” the Michigan Democrat added.

Switching to electric vehicles will not, however, reduce our country’s dependence on problem countries. On the contrary, China holds a virtual monopoly on cobalt and lithium, two rare earth metals needed to produce batteries for electric cars. “China controls around 86.5% of cobalt exports from the Democratic Republic of the Congo”, with Congo holding “around 60% of the cobalt mined in the world”.

In fact, Hunter Biden played a role in helping China gain a stranglehold on cobalt supply when a company he founded worked with Chinese investors to get China to buy the cobalt mine. Congolese woman, Tenke Fungurume, to her American owner.

With China now controlling the metals needed to make batteries for electric vehicles, the communist country wields undue influence over all countries committed to phasing out fossil fuels. This includes Joe Biden’s America. Putin proves it.


Margot Cleveland is the senior legal correspondent for The Federalist. She also contributes to National Review Online, The Washington Examiner, Aleteia and Townhall.com, and has been published in The Wall Street Journal and USA Today. Cleveland is a lawyer and a graduate of Notre Dame Law School, where she won the Hoynes Award, the law school’s highest honor. She then served for nearly 25 years as staff law clerk for a federal appeals judge on the Seventh Circuit Court of Appeals. Cleveland is a former full-time faculty member at the university and now teaches as an occasional adjunct. As a homeschooled mother of a young son with cystic fibrosis, Cleveland writes frequently on cultural issues related to parenting and children with special needs. Cleveland is on Twitter at @ProfMJCleveland. The opinions expressed herein are those of Cleveland in their private capacity.

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Post expires at 3:23am on Saturday June 25th, 2022