{"id":1513058,"date":"2022-06-13T08:05:09","date_gmt":"2022-06-13T12:05:09","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1513058"},"modified":"2022-06-13T08:05:21","modified_gmt":"2022-06-13T12:05:21","slug":"biden-to-world-russia-oil-sheiks-and-china-control-the-u-s-economy","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/biden-to-world-russia-oil-sheiks-and-china-control-the-u-s-economy\/","title":{"rendered":"Biden To World: Russia, Oil Sheiks, And China Control The U.S. Economy"},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"&quot;\"><div class=\"counts mashsbcount\">24<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2Fbiden-to-world-russia-oil-sheiks-and-china-control-the-u-s-economy%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1513058&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47--><div><img decoding=\"async\" src=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-content\/uploads\/2022\/06\/52126386951_853aff5b89_o.jpg\" class=\"ff-og-image-inserted\" alt=\"image\" \/><\/div>\n<p>On Friday, after news broke that inflation again accelerated to reach a 40-year high of 8.6 percent, President Joe Biden turned America\u2019s financial crisis into a national security one by telling the world that foreign leaders have near-total control over the U.S. economy.<\/p>\n<p>Shortly after the Bureau of Labor Statistics\u00a0<a href=\"https:\/\/www.bls.gov\/cpi\/\" target=\"_blank\" rel=\"noreferrer noopener\">released<\/a>\u00a0May\u2019s price report, which in addition to reporting an 8.6 percent annual inflationary rate showed a full 1 percent increase last month, President Biden began the spin: \u201cToday\u2019s report underscores why I have made fighting inflation my top economic priority. While it is good to see critical \u2018core\u2019 inflation moderating, it is not coming down as sharply and as quickly as we must see. Putin\u2019s price hike hit hard in May here and around the world: high gas prices at the pump, energy, and food prices accounted for around half of the monthly price increases.\u201d<\/p>\n<p>The president\u2019s entire pitch struck a chord conflicting with reality. \u201cBiden <a href=\"https:\/\/townhall.com\/tipsheet\/katiepavlich\/2022\/06\/10\/biden-responds-to-record-inflation-with-a-whopper-n2608556\">hasn\u2019t made inflation<\/a> his top economic priority,\u201d noted Katie Pavlich soon after. \u201cFor months, his administration denied inflation was happening, saying it wouldn\u2019t be an issue, before calling it temporary and transitory last summer.\u201d And the skyrocketing inflation began before Russia\u2019s January 2022 invasion of Ukraine.<\/p>\n<p>The public has long known that Biden suffers from an acute case of blameuitis. But the president\u2019s continued claims that Putin holds responsibility for our country\u2019s accelerating inflationary rates, when coupled with Biden\u2019s other actions and inactions, is not merely tone deaf, it is dangerous. While finger-pointing has long been a mainstay for politicians, the Biden administration\u2019s messaging goes beyond shifting blame to conceding that foreign leaders can control the U.S. economy in Joe Biden\u2019s America.<\/p>\n<p>President Biden\u2019s <a href=\"https:\/\/www.foxnews.com\/politics\/biden-to-visit-saudi-arabia-gas\">reported<\/a> plans to meet with Saudi Arabia\u2019s Crown Prince Mohammed bin Salman during a trip to the region next month confirm this. Saudi Arabia, the world\u2019s second-largest oil producer behind the United States, <a href=\"https:\/\/thehill.com\/policy\/3519473-biden-political-gamble-on-saudi-trip-unlikely-to-drive-down-gas-prices\/\">serves<\/a> as the \u201cunofficial head of the Organization for Petroleum Exporting Countries (OPEC),\u201d and the planned visit seems certain to push for more oil production from OPEC countries.<\/p>\n<h2>Goes Begging on His Knees to Country He Spurned<\/h2>\n<p>The announcement of President Biden\u2019s intent to meet with bin Salman represents a course change so sharp that it will be seen as the United States\u2019 complete subservience to the country Biden promised to make \u201cthe pariah that they are\u201d shortly before his election.<\/p>\n<p>In the waning days of Donald Trump\u2019s presidency, \u201cBiden <a href=\"https:\/\/www.businessinsider.com\/white-house-saudi-arabia-petty-dig-shows-biden-serious-2021-2\">promised<\/a> to take a hard line on Saudi Arabia, saying\u00a0<a href=\"https:\/\/www.washingtonpost.com\/opinions\/global-opinions\/saudi-arabia-has-dragged-its-imprisoned-female-activists-back-into-court-how-will-biden-respond\/2020\/11\/30\/a1ee4c30-3337-11eb-b59c-adb7153d10c2_story.html\">he would rip up<\/a>\u00a0the \u2018dangerous blank check\u2019 that Trump had written for the Saudis.\u201d During a 2019 presidential debate, Biden <a href=\"https:\/\/www.wsj.com\/articles\/saudi-emirati-leaders-decline-calls-with-biden-during-ukraine-crisis-11646779430?AID=11557093&#038;PID=6415797&#038;SID=bi%7C622873a5056870591279b312%7C1655048524572qg1x5z00&#038;subid=Business+Insider&#038;cjevent=430ca4eeea6611ec83d202c40a82b838&#038;tier_1=affiliate&#038;tier_2=moa&#038;tier_3=Business+Insider&#038;tier_4=3861930&#038;tier_5=https%3A%2F%2Fwww.wsj.com%2Farticles%2Fsaudi-emirati-leaders-decline-calls-with-biden-during-ukraine-crisis-11646779430\">added<\/a> that there is \u201cvery little social redeeming value in the present government in Saudi Arabia.\u201d<\/p>\n<p>After his election, Biden \u201c<a href=\"https:\/\/www.wsj.com\/articles\/saudi-emirati-leaders-decline-calls-with-biden-during-ukraine-crisis-11646779430?AID=11557093&#038;PID=6415797&#038;SID=bi%7C622873a5056870591279b312%7C1655048524572qg1x5z00&#038;subid=Business+Insider&#038;cjevent=430ca4eeea6611ec83d202c40a82b838&#038;tier_1=affiliate&#038;tier_2=moa&#038;tier_3=Business+Insider&#038;tier_4=3861930&#038;tier_5=https%3A%2F%2Fwww.wsj.com%2Farticles%2Fsaudi-emirati-leaders-decline-calls-with-biden-during-ukraine-crisis-11646779430\">released<\/a> a U.S. intelligence report that concluded that\u00a0<a href=\"denied:javascript:void(0);\">Prince Mohammed<\/a>\u00a0had approved the plan to capture or kill [<a href=\"denied:javascript:void(0)\">journalist Jamal Khashoggi<\/a>], who had been an outspoken critic of the young Saudi ruler.\u201d The Biden administration then continued its efforts to distance itself from Saudi Arabia then, with then-Press Secretary Jen Psaki <a href=\"https:\/\/www.businessinsider.com\/white-house-saudi-arabia-petty-dig-shows-biden-serious-2021-2\">saying<\/a> \u201c<a href=\"https:\/\/www.businessinsider.com\/white-house-biden-wont-make-call-saudi-prince-mbs-2021-2\">the Biden administration will \u2018recalibrate\u2019 how it treats the kingdom<\/a>.\u201d<\/p>\n<p>The Biden administration also moved to isolate bin Salman, with Psaki calling his father, King Salman, President Biden\u2019s \u201ccounterpart.\u201d This pronouncement, notwithstanding the fact that bin Salman has been <a href=\"https:\/\/www.businessinsider.com\/white-house-saudi-arabia-petty-dig-shows-biden-serious-2021-2\">considered<\/a> the \u201cde facto ruler\u201d of Saudi Arabia for some time, seemed to declare the Biden administration unwilling to work with the Saudi leader.<\/p>\n<p>Just more than a year later, however, with Putin\u2019s troops poised to invade Ukraine, the Biden administration is abruptly changing course, and Saudi Arabia has certainly noticed. The president\u2019s staff tried unsuccessfully to <a href=\"https:\/\/www.wsj.com\/articles\/saudi-emirati-leaders-decline-calls-with-biden-during-ukraine-crisis-11646779430?AID=11557093&#038;PID=6415797&#038;SID=bi%7C622873a5056870591279b312%7C1655048524572qg1x5z00&#038;subid=Business+Insider&#038;cjevent=430ca4eeea6611ec83d202c40a82b838&#038;tier_1=affiliate&#038;tier_2=moa&#038;tier_3=Business+Insider&#038;tier_4=3861930&#038;tier_5=https%3A%2F%2Fwww.wsj.com%2Farticles%2Fsaudi-emirati-leaders-decline-calls-with-biden-during-ukraine-crisis-11646779430\">arrange<\/a> a call between Biden and bin Salman \u201cas the U.S. was working to build international support for\u00a0<a href=\"denied:javascript:void(0)\">Ukraine<\/a>\u00a0and contain\u00a0<a href=\"denied:javascript:void(0)\">a surge in oil prices<\/a>.\u201d<\/p>\n<p>The Wall Street Journal <a href=\"https:\/\/www.wsj.com\/articles\/saudi-emirati-leaders-decline-calls-with-biden-during-ukraine-crisis-11646779430?AID=11557093&#038;PID=6415797&#038;SID=bi%7C622873a5056870591279b312%7C1655048524572qg1x5z00&#038;subid=Business+Insider&#038;cjevent=430ca4eeea6611ec83d202c40a82b838&#038;tier_1=affiliate&#038;tier_2=moa&#038;tier_3=Business+Insider&#038;tier_4=3861930&#038;tier_5=https%3A%2F%2Fwww.wsj.com%2Farticles%2Fsaudi-emirati-leaders-decline-calls-with-biden-during-ukraine-crisis-11646779430\">reported<\/a> in March that \u201cSaudi Crown Prince\u00a0<a href=\"denied:javascript:void(0);\">Mohammed bin Salman<\/a>\u00a0and the U.A.E.\u2019s Sheikh Mohammed bin Zayed al Nahyan both declined U.S. requests to speak to Mr. Biden in recent weeks.\u201d \u201cA U.S. official\u201d told the Wall Street Journal that \u201cthe planned discussion\u201d \u201cwas part of turning on the spigot [of Saudi oil].\u201d<\/p>\n<p>While snubbing Biden, the Wall Street Journal reported that \u201cboth <a href=\"denied:javascript:void(0);\">Prince Mohammed<\/a>\u00a0and Sheikh Mohammed took phone calls from Russian President\u00a0<a href=\"denied:javascript:void(0);\">Vladimir Putin<\/a>,\u201d in late February or early March, \u201cafter declining to speak with Mr. Biden.<\/p>\n<p>At the time, the Biden administration <a href=\"https:\/\/www.wsj.com\/articles\/saudi-emirati-leaders-decline-calls-with-biden-during-ukraine-crisis-11646779430?AID=11557093&#038;PID=6415797&#038;SID=bi%7C622873a5056870591279b312%7C1655048524572qg1x5z00&#038;subid=Business+Insider&#038;cjevent=430ca4eeea6611ec83d202c40a82b838&#038;tier_1=affiliate&#038;tier_2=moa&#038;tier_3=Business+Insider&#038;tier_4=3861930&#038;tier_5=https%3A%2F%2Fwww.wsj.com%2Farticles%2Fsaudi-emirati-leaders-decline-calls-with-biden-during-ukraine-crisis-11646779430\">maintained<\/a> \u201cthere were no plans for Mr. Biden to travel to Saudi Arabia.\u201d Just law week, however, Biden\u2019s current press secretary acknowledged the president intends to <a href=\"https:\/\/www.whitehouse.gov\/briefing-room\/press-briefings\/2022\/06\/06\/press-briefing-by-press-secretary-karine-jean-pierre-june-6-2022\/\">visit<\/a> Saudi Arabia, although details have yet to be confirmed.<\/p>\n<p>Putin may have brought Biden to his knees, but these formerly spurned Saudi princes now have the leader of the free world crawling across the desert sands for help from the man who <a href=\"https:\/\/www.reuters.com\/world\/saudi-crown-prince-says-do-not-care-if-biden-misunderstands-him-atlantic-2022-03-03\/\">told<\/a> the Atlantic just three months ago that he simply did \u201cnot care\u201d whether the American president understood him. \u201cIt\u2019s up to him to think about the interests of America,\u201d bin Zayed said about Biden.<\/p>\n<h2>America Is Strong When It Controls Its Own Energy<\/h2>\n<p>Groveling to Saudi Arabia and the other OPEC countries does not serve America\u2019s interests. America\u2019s interests are best served by policies promoting energy independence\u2014something first <a href=\"https:\/\/www.instituteforenergyresearch.org\/fossil-fuels\/gas-and-oil\/the-united-states-was-energy-independent-in-2019-for-the-first-time-since-1957\/\">achieved<\/a> in 2019 under President Trump.<\/p>\n<p>Since taking office, however, the Biden administration has pushed for a dramatic <a href=\"https:\/\/factba.se\/biden\/search#renewable\" target=\"_blank\" rel=\"noreferrer noopener\">move<\/a>\u00a0away from fossil fuels to renewable energy sources. From canceling the Keystone Pipeline to attempting to halt new leases for drilling on public land and offshore, these policies <a href=\"https:\/\/www.yahoo.com\/now\/white-house-oil-industry-spar-160310027.html\">render<\/a> America more dependent on foreign energy sources led by ruthless dictators, like Russia and Saudi Arabia.<\/p>\n<p>Democrats like Michigan Sen. Debbie Stabenow portray electric vehicles as the solution, with Stabenow <a href=\"https:\/\/www.foxnews.com\/politics\/michigan-democrat-electric-car-expensive-dc-gas-prices\">gushing<\/a> about her new electric car that she claimed to have driven from Michigan to D.C., bypassing \u201cevery single gas station\u201d along the way, with no concerns over gas prices. \u201cI\u2019m looking forward to the opportunity for us to move to vehicles that aren\u2019t going to be dependent on the whims of the oil companies and the international markets,\u201d the Michigan Democrat <a href=\"https:\/\/www.foxnews.com\/politics\/michigan-democrat-electric-car-expensive-dc-gas-prices\">added<\/a>.<\/p>\n<p>The move to electric vehicles will not lessen our country\u2019s dependence on problematic countries, however. On the contrary, China holds a near monopoly on cobalt and lithium, two rare-earth metals necessary to produce electric car batteries. \u201cChina <a href=\"https:\/\/www.forbes.com\/sites\/kenrapoza\/2021\/01\/17\/chinas-rare-earths-slump-a-sign-of-domestic-hoarding-for-ev-batteries-and-more\/?sh=353ece3e79a8\">controls<\/a> around 86.5 percent of the Democratic Republic of Congo\u2019s cobalt exports,\u201d with Congo holding \u201caround 60 percent of the world\u2019s mined cobalt.\u201d<\/p>\n<p>In fact, Hunter Biden <a href=\"https:\/\/thefederalist.com\/2021\/11\/23\/why-was-hunter-biden-part-of-chinas-takeover-of-key-global-metal-supplies\/\">played<\/a> a role in helping China obtain a stranglehold over the cobalt supply when a company he founded worked with Chinese investors to arrange for China to purchase the Congolese cobalt mine, Tenke Fungurume, from its American owner.<\/p>\n<p>With China now controlling the metals necessary to manufacture batteries for electric vehicles, the communist country holds undue sway over every country committed to abandoning fossil fuels. That includes Joe Biden\u2019s America. Putin is proving it.<\/p>\n<hr class=\"wp-block-separator\" \/>\n<p>\n  Margot Cleveland is The Federalist&#8217;s senior legal correspondent. She is also a contributor to National Review Online, the Washington Examiner, Aleteia, and Townhall.com, and has been published in the Wall Street Journal and USA Today. <\/p>\n<p>Cleveland is a lawyer and a graduate of the Notre Dame Law School, where she earned the Hoynes Prize\u2014the law school\u2019s highest honor. She later served for nearly 25 years as a permanent law clerk for a federal appellate judge on the Seventh Circuit Court of Appeals. Cleveland is a former full-time university faculty member and now teaches as an adjunct from time to time. <\/p>\n<p>As a stay-at-home homeschooling mom of a young son with cystic fibrosis, Cleveland frequently writes on cultural issues related to parenting and special-needs children. Cleveland is on Twitter at @ProfMJCleveland. The views expressed here are those of Cleveland in her private capacity.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>On Friday, after news broke that inflation again accelerated to reach a 40-year high of 8.6 percent, President Joe Biden turned America\u2019s financial crisis into a national security one by<\/p>\n","protected":false},"author":499,"featured_media":2315279,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"","fifu_image_alt":"","footnotes":""},"categories":[],"tags":[],"class_list":["post-1513058","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry"],"_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1513058","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/users\/499"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=1513058"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1513058\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/2315279"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=1513058"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=1513058"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=1513058"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}