Don't discount pain of economic punishment

Before we let the chicken hawks and armchair generals get too far ahead of themselves in this U.S.-Russia confrontation debate, it’s good to perhaps understand what kind of pain can be delivered via economic sanctions leveled against Russia.

A number of President Obama’s critics want him to do more than just level some specific economic sanctions against Russia. They want some form of military option, such as arming Ukrainian military units and sending troops to NATO nations as a standby warning to Russia.

http://www.realclearpolitics.com/articles/2014/03/20/obama_orders_new_round_of_sanctions_on_russia_121998.html

However, the sanctions that Obama has imposed on a number of key Russian leaders with lots of money spread around in banks throughout the world well could put a serious damper on an already-weak Russian economy.

Russia’s economic growth is near zero. The Crimean region that Russia has effectively annexed is an economic basket case. Corruption still runs rampant throughout Russia, with gangsters and thugs controlling an underground economy that dwarfs many aspects of the above-ground economy.

The measures enacted by the White House through executive orders signed by the president are meant to deny access to financial assets by key Russian leaders. It’s going to cause them considerable personal pain. There well might be more severe measures taken against rank-and-file Russians if Russia ratchets up its military involvement in Ukraine.

Let’s be crystal clear about one non-starter of an idea: War with Russia is out of the question, which Obama has declared. There will be no battlefield confrontation between the nations.

Having said that, there’s no way to guarantee what Russia might do to re-annex three Baltic states — Latvia, Estonia and Lithuania, all of which are members of NATO. Let us not forget that NATO constitution says that an attack against one member nation is an attack against the entire alliance — which includes the United States of America.

The White House is banking that given the sad state of the Russian economy, the economic punishment just might be enough to give Russia pause if it aims to continue its aggression in Ukraine.

Meanwhile, the chicken hawks ought to pipe down.