Russia, winner of the economic war pulse
According to a New York Times/Siena College poll, 64% of Democrats want a presidential candidate other than President Joe Biden in 2024, only 26% of Democratic voters say the party should re-elect him. That same poll reveals that 67% of Americans reject his administration and only 33% approve of it.
In that poll 13% of American voters said the nation is on the right track and 87% believe Biden's administration has been a disaster. The US faces an inflation rate of 9.1% and is on the brink of an economic recession. A country ruled by a seriously challenged gerontocracy. Biden at 79 is the longest-serving president in American history. House Speaker Nancy Pelosi has been in office for almost two decades and is 82 years old; Democratic House leader Steny Hamilton Hoye is 83. So if it's raining on the Democratic side, it's also raining on the Republican side. Former President Donald Trump, at the age of 76, is once again aspiring to be the Republican nominee in 2024. That is, at the age of 78. Senator Mitch McDonnell, leader of the Republican caucus in the Senate, has been in the job for 15 years and is 80 years old.
The United States is an empire in decline and demands a generational change in politics. Now, the economic and energy crisis due to the effects and consequences of the pandemic, the war in Ukraine and the sanctions against Russia not only affect the US economy, but the global economy as well. But the hardest hit are the European, African, Latin American and largely Asian economies. Britain has an inflation rate of 9.1%, Germany 7.9%, Spain 10.2%, Italy 8.0%. France is the European power with the lowest inflation rate at 5.8%.
It is clear that the sanctions against Russia, instead of bringing about a collapse of the Russian economy and the fall of President Vladimir Putin, as predicted by the Biden administration and its allies, have so far failed to produce the desired effects. On the contrary, the powers of government leaders in the US and Europe have begun to erode. On the other hand, Putin reaps good economic dividends from high prices for oil, gas and other commodities, and his currency is strengthening. Meanwhile, other currencies such as the euro plummet.
The first to suffer the effects of the war on domestic politics has been France's president, Emmanuel Macron, with the loss of his majority in parliament. The second to see the effects of the war first-hand is the Biden administration. On the one hand, in foreign policy it has managed to unify Europe around imperialist rivalries in Europe and Central Asia against Russia and is reaping geopolitical and economic rewards by expanding NATO's sphere of influence into Russia's strategic security belt and by rearming Europe and wresting control of Europe's energy market from Russia. On the other hand, on the domestic political front, he is not faring well because of the effects of inflation on Americans' pocketbooks, which has his administration reeling and struggling to maintain its majority in Congress in the November elections. The third to suffer from the effects of the war is Britain's Prime Minister Boris Johnson, who was forced to resign. Fourth on the list is Italy's Prime Minister Mario Draghi, who also had to resign.
Others still on the list of wobblers are the German Chancellor, Olaf Scholz, and the head of the Spanish government, Pedro Sánchez, whose policies and economic measures around the war are generating galloping economic crises in their respective countries and it will not be long before their heads are on the chopping block. In conclusion: Putin is beating them to the punch and China and India have become big winners in this crisis.
@j15mosquera