President Obama’s State of the Union speech Tuesday set a record for most veto threats as he promised to nix legislation to tweak Obamacare, change the Dodd-Frank Wall Street legislation, undo his deportation amnesty, and approve stronger sanctions to punish Iran for its nuclear program.
Mr. Obama issued four separate threats. The first one covered Obamacare, Dodd-Frank and his unilateral immigration actions.
“If a bill comes to my desk that tries to do any of these things, I will veto it,” he said.
Later, Mr. Obama promised a veto on stiffer Iran sanctions, saying that if Congress were to impose them right now, it would derail his diplomatic efforts to negotiate with Iran and alienate U.S. allies that are part of the tricky talks, which would make it easier for Iran to skate on obligations.
“It doesn’t make sense,” the president said. “That is why I will veto any new sanctions bill that threatens to undo this progress.”
By threatening to veto at least four bills, Mr. Obama set a new record for an address to Congress.
By Stephen Dinan – Washington Times –
By Paul Craig Roberts –
The new sanctions against Russia announced by Washington and Europe do not make sense as merely economic measures. I would be surprised if Russian oil and military industries were dependent on European capital markets in a meaningful way. Such a dependence would indicate a failure in Russian strategic thinking. The Russian companies should be able to secure adequate financing from Russian Banks or from the Russian government. If foreign loans are needed, Russia can borrow from China.
If critical Russian industries are dependent on European capital markets, the sanctions will help Russia by forcing an end to this debilitating dependence. Russia should not be dependent on the West in any way.
The real question is the purpose of the sanctions. My conclusion is that the purpose of the sanctions is to break up and undermine Europe’s economic and political relations with Russia. When international relations are intentionally undermined, war can be the result. Washington will continue to push sanctions against Russia until Russia shows Europe that there is a heavy cost of serving as Washington’s tool.