ETFOptimize | High-performance ETF-based Investment Strategies

Quantitative strategies, Wall Street-caliber research, and insightful market analysis since 1998.


ETFOptimize | HOME
Close Window

Beware of Biden’s Israel, Ukraine blank check request

President Biden wants Americans to give him full support for Ukraine and Israel going forward. But we've seen this president make one foreign policy mistake after another. Be wary.

President Joe Biden’s Oval Office speech to the nation last Thursday was a continuation of his confused and incoherent approach to national policy.

The border remains open during a fentanyl epidemic. Americans are struggling to make ends meet, and he imposes climate policies which make everything more expensive. The world is getting more dangerous, and he focuses on imposing social change on our military.

President Biden proved in Afghanistan that he can make disastrous errors of judgment with cataclysmic consequences. Biden’s blunder led to the collapse of an ally, the largest abandonment of American equipment in history, and the tragic conquest of the Afghans. Every day, Afghan women – who feared and resisted the Taliban for 19 years – are having their hard-won freedom ripped away.

BIDEN DECLARES IT IS 'VITAL' TO US SECURITY FOR ISRAEL, UKRAINE TO SUCCEED IN WARS, WILL REQUEST FUNDING

For all Biden’s strong language last Thursday night, his administration has slowly and grudgingly sent the Ukrainians the military equipment they need. Instead of sending the army’s most advanced long-range system, ATACMs, Biden gave Ukraine a shorter range and less effective system. The Ukrainians still do not have capabilities to destroy Russian forces at long range. They also lack aircraft, which could give them control of the air. Biden likes to send money and talk big, but he won’t send the military equipment Ukraine needs.

After only a few serious paragraphs about defending Israel, Biden reverted to the traditional, failed liberal worldview of evenhandedness. By paragraph eight, Biden reaffirmed his commitment to the Palestinians: 

"I also spoke with President Abbas of the Palestinian Authority and reiterated that the United States remains committed to the Palestinian people’s right to dignity and to self-determination. The actions of Hamas terrorists don’t take that right away. 

BIDEN, OTHER WESTERN LEADERS REAFFIRM ISRAEL'S RIGHT TO DEFEND ITSELF, CALL FOR CIVILIAN PROTECTION

"Like so many others, I am heartbroken by the tragic loss of Palestinian life, including the explosion at a hospital in Gaza — which was not done by the Israelis.
 
"We mourn every innocent life lost. We can’t ignore the humanity of innocent Palestinians who only want to live in peace and have an opportunity."

He talked about Palestinian suffering without mentioning the Israeli babies who Hamas beheaded. He talked about getting humanitarian aid to Gaza and made only a vague, cursory commitment to rescuing American hostages.

By paragraph 11, Biden was done with Israel and shifted to the war he really cares about.

"You know, the assault on Israel echoes nearly 20 months of war, tragedy, and brutality inflicted on the people of Ukraine — people that were very badly hurt since Putin launched his all-out invasion," he said.

Biden made a small breakthrough by acknowledging Iran’s role in Ukraine and the Middle East. But he offered no solutions.

BIDEN CLAIMS POPE FRANCIS 'ON THE SAME PAGE' AS US ON ISRAEL-GAZA WAR; PONTIFF CALLS FOR PEACE: REPORT

"Iran is — is supporting Russia’s [war in] in Ukraine, and it’s supporting Hamas and other terrorist groups in the region. And we’ll continue to hold them accountable, I might add," he said.

Of course, Biden has never held Iran accountable for anything – and there is no evidence he is about to start. Holding Iran accountable would mean reimposing the tight sanctions President Donald Trump levied on the world’s largest funder of terrorism – or freezing the $6 billion in Iranian money that is sitting in Qatar.

Instead, Biden focused on restricting Israel’s ability to effectively fight a war to protect its own citizens. 

"President [Prime Minister Benjamin] Netanyahu and I discussed again yesterday the critical need for Israel to operate by the laws of war. That means protecting civilians in combat as best as they can. The people of Gaza urgently need food, water, and medicine."

CLICK HERE FOR MORE FOX NEWS OPINION

Instead of reinforcing Israel’s right to annihilate Hamas and bring swift end to the violence (which would benefit Israeli and Palestinian citizens) Biden’s classic liberal view of sympathy over success will only prolong the torment.

Of course, Biden lets slip the reality that we would have no control over aid that we send to Gaza as long as Hamas remains. 

"If Hamas does not divert or steal this shipment – these shipments, we’re going to provide an opening for sustained delivery of lifesaving humanitarian assistance for the Palestinians."

There’s no question Hamas will steal the shipments. Any aid we send will be used to help terrorists, not innocent Palestinians.

Finally, Biden’s liberal fantasy reverted to a dream which has not been achieved in two generations. 

"And as I said in Israel: As hard as it is, we cannot give up on peace. We cannot give up on a two-state solution. Israel and Palestinians equally deserve to live in safety, dignity, and peace."

I hope Congress will look carefully at any package Biden sends up. The Republican majority must insist on controlling our own border as part of any package – and be clear about what we are doing for Ukraine. 

We should immediately pass an effective package for Israel, and then develop a rational reform package for Ukraine.

After his consistent failures, Biden must not get a blank check for Israel or Ukraine.

CLICK HERE FOR MORE FROM NEWT GINGRICH

Data & News supplied by www.cloudquote.io
Stock quotes supplied by Barchart
Quotes delayed at least 20 minutes.
By accessing this page, you agree to the following
Privacy Policy and Terms and Conditions.


 

IntelligentValue Home
Close Window

DISCLAIMER

All content herein is issued solely for informational purposes and is not to be construed as an offer to sell or the solicitation of an offer to buy, nor should it be interpreted as a recommendation to buy, hold or sell (short or otherwise) any security.  All opinions, analyses, and information included herein are based on sources believed to be reliable, but no representation or warranty of any kind, expressed or implied, is made including but not limited to any representation or warranty concerning accuracy, completeness, correctness, timeliness or appropriateness. We undertake no obligation to update such opinions, analysis or information. You should independently verify all information contained on this website. Some information is based on analysis of past performance or hypothetical performance results, which have inherent limitations. We make no representation that any particular equity or strategy will or is likely to achieve profits or losses similar to those shown. Shareholders, employees, writers, contractors, and affiliates associated with ETFOptimize.com may have ownership positions in the securities that are mentioned. If you are not sure if ETFs, algorithmic investing, or a particular investment is right for you, you are urged to consult with a Registered Investment Advisor (RIA). Neither this website nor anyone associated with producing its content are Registered Investment Advisors, and no attempt is made herein to substitute for personalized, professional investment advice. Neither ETFOptimize.com, Global Alpha Investments, Inc., nor its employees, service providers, associates, or affiliates are responsible for any investment losses you may incur as a result of using the information provided herein. Remember that past investment returns may not be indicative of future returns.

Copyright © 1998-2017 ETFOptimize.com, a publication of Optimized Investments, Inc. All rights reserved.