Breaking Points with Krystal and Saagar 6/23/22: War Sanctions, GOP Primaries, Uvalde Coverup, Fed Policy, Neoliberal Order Collapse, Gas Tax Proposal, & More!
Jun 23, 2022
Skanda Amarnath, Executive Director of Employ America, delves into the intricacies of the current economic landscape. He discusses the impact of West's sanctions and critiques the gas tax proposals as ineffective solutions to rising prices. The conversation highlights the challenges of inflation amid changing political tides and the declining neoliberal order. Amarnath emphasizes the disconnect between policymakers and struggling families while exploring the implications of the Federal Reserve's actions on economic stability.
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Sanctions Backfire
- Western sanctions on Russia have backfired, enriching Russia while hurting Western consumers.
- Russia is earning more from oil and gas now than before the war, despite sanctions.
Decouple Gas Prices and Ukraine
- Biden should stop tying high gas prices to support for Ukraine, as it's politically risky.
- The sanctions aren't weakening Russia's war effort, so the justification is dishonest.
Re-evaluate Sanctions Strategy
- The current sanctions policy is ineffective, causing a gas crisis, a food crisis, and enriching Russia while Ukraine suffers.
- A diplomatic solution is needed, but the West lacks the appetite for a broader strategic view.
