Russia holds while Obama folds: It’s Obama’s fault

Russia holds while Obama folds: It’s Obama’s fault

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WASHINGTON, March 6, 2014 – The international quagmire resulting from the crisis in Ukraine is Barack Obama’s fault. No, it is not his fault that Russia acted strongly in the face of his weakness to resolve some geo-political issues that have been lingering for a few decades.  But it is his fault that the United States is singularly unable to answer Russia, and if Obama does anything, it will have catastrophic effects on the United States.

It is Obama’s fault because he has created a position of weakness.

Russian President Vladimir Putin is not afraid of Barack Obama. Why should he be? Obama exudes weakness. Obama’s only real interests in the military, the way America projects force in the world, were Air Force One and repealing “Don’t Ask, Don’t Tell.” Obama’s latest military effort that has drag queens putting on shows at American military bases surely has Putin quivering on his horse.

Putin has two sticks he can hit Obama with.

One is mostly symbolic though very significant. In 2011, Obama retired the Space Shuttle, making America the first nation to lose space faring capacity. Since then, for several hundred million dollars a ride, the Russians have allowed American astronauts seats on their rockets going to the International Space Station.

The International Space Station is a multi billion dollar investment, mostly paid for by America.

When Obama thought it was more important for NASA to reach out to Muslim nations to make them feel good about their contributions to science, instead of putting men and women into space, he gave the Russians a trump card. All Vladimir Putin has to say is no more Americans on our rockets.

Sure the Space Shuttles were getting old and needed to be retired but you create the replacement before you retire them.  Those Space Shuttles are not sitting some place, mothballed in case they were needed for a national emergency.  No, they have all been gutted and are tourist destinations now.

One word from Putin and the International Space Station suddenly becomes the Russian Space Station.

That threat is only symbolic.

The other threat could be devastating.

If Obama screws up because of his incompetence, and there is a real possibility he could do that, all Russia has to do is start dumping American debt. Most people think of China when discussing ownership of  American debt.  The Chinese hold a lot of it.  But they are not alone.  Russia holds some American debt too. According to, at the end of 2013 Russian held 138.6 billion dollars in American debt – a debt that has skyrocketed under Obama.

Conversely, according to the Russian Legal Information Agency:

Presidential aide Sergei Glazyev told RIA Novosti.

“Economic sanctions are a double-edged sword, and if the US will freeze our assets, that means our companies’ dollar assets will be frozen too. That means Russian banks and organizations won’t be able to pay off loans to our American partners,” Glazyev said.

According to US Treasury data from the end of 2013, Russian investments in US government bonds total around $139 billion out of a total of $5.8 trillion of US debt held in foreign hands.

Officials in the United States and Europe have told Russia that its actions in Ukraine could lead to economic sanctions and asset freezes.”

America has been able to borrow over the last decade because of unnaturally low interest rates. Sooner or later those rates have to rise, and when they do, America’s interest payments will balloon to a point where America cannot pay its bills. Russia can help that along if it wants to by both failing to repay their debt and dumping the American debt they own. That would throw America’s banking industry into a cataclysmic dive and since many of these loans are guaranteed by our government, guess who would be on the hook for the payment?

In this game of international poker, Vladimir Putin is holding the winning hand because Barack Obama has given him all the cards.


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Judson Phillips
Judson Phillips is the founder of Tea Party Nation, one of the largest Tea Party Groups in the country and the number one national tea party site on the Internet. A lawyer by profession, Judson has been involved in politics since his teens. “Ronald Reagan inspired me,” he says. Judson became involved in the Tea Party movement in February 2009 after hearing Rick Santelli’s rant on CNBC. “I heard there was going to be a Tea Party in Chicago inspired by Santelli, but didn’t know if anyone was doing a rally in Nashville where I was based. Finally I emailed Michelle Malkin and asked her if there was a Tea Party in Nashville. Malkin sent an email back saying, ‘No, why don’t you organize one?’ I did.” The first Tea Party in Nashville was held late February 2009 which drew a crowd of about 600. Judson then organized the Tax Day Tea Party in Nashville, which drew over 10,000 people into downtown. It was at this time that Tea Party Nation was formed. Later that year, Judson decided to bring activists from across the country together, so he organized the first National Tea Party Convention in February 2010, which featured Alaska’s former Governor and Republican Vice Presidential Nominee, Sarah Palin as it’s keynote speaker. He currently manages the Tea Party Nation website, writes several daily columns and is working on more projects than any one person should. He is a frequent guest on cable and broadcast news shows, including on Fox, MSNBC, CNN and others.