Lake Erie Conservative

thoughtful discussion(s) about issue(s)

… Wrong , Vickie , Very Wrong [#economics]…

Posted by paulfromwloh on Tuesday,December 30th,2014

.. Victoria Nuland is apparently a true ObamaCrap …

.. and that is a big problem for U.S. policy ..

.. her idea is that His Lordship ‘ s policies have brought Russia into economic line . Wrong ,Very Wrong …

.. [h/t —]..
.. [link] to the blog news …

.. it is the plunging price of a barrel of oil , and its effects on the Russian economy that are acting to bring Russia to heel . Russia is a borderline Second World economy with a First World nuclear force . Their economy is grossly underdeveloped , with much of it focused on state – controlled companies and state enterprises . Some are economically viable ; others are not . that is what is working , not POTUS ‘ policy choices …

.. Russia ‘ s economy is far too heavily dependent on oil and natural resources for its economic development . That , and the concentration of economic forces in the state sector , make Russia waaaay too vulnerable to an economic price shock . Which is what is is going on now , not the effect of sanctions ….


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