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Been thinking about that point on Biden this week. Is Putin an idiot for not having invaded Ukraine while Trump was president, or is there an angle I’ve been missing on why, if you’re going to invade Ukraine, you don’t just do it two years ago?
I think that everyone from the American left and right to the Russian establishment genuinely misjudged what Joe is capable of. We haven't had a president who was experienced in foreign policy since Bush I. It's a different ball game, and clearly he knows how to play. I hope the oligarchs continue to defect. It's our best chance of getting out of this with minimal damage. If the ruble falls another 10 or 20% tomorrow the rats may start to jump ship.