Biden administration also raising amount of financial aid being sent to Ukraine as inflation soars and stocks tumble
Source: Kelen McBreen
Barack Obama’s surrogate president Joe Biden signed a bill on Monday using a WWII-era program to accelerate the process of sending weapons to Ukraine as America runs low on both Stinger and Javelin missiles.
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Titled, the Ukraine Democracy Defense Lend-Lease Act of 2022, the bill allows the Biden administration to bypass Congress when it comes to passing spending measures.
Ukrainian President Volodymyr Zelensky thanked Biden on Twitter, writing, “Grateful to @POTUS and people for supporting in the fight for our freedom and future. Today’s signing of the law on Lend-Lease is a historic step. I am convinced that we will win together again. And we will defend democracy in Ukraine. And in Europe. Like 77 years ago.”
Grateful to @POTUS and 🇺🇸 people for supporting 🇺🇦 in the fight for our freedom and future. Today's signing of the law on Lend-Lease is a historic step. I am convinced that we will win together again. And we will defend democracy in Ukraine. And in Europe. Like 77 years ago.— Володимир Зеленський (@ZelenskyyUa) May 9, 2022
Meanwhile, GOP Congressman Rep. Mike Gallagher of Wisconsin says the US is depleting its Javelin missile stockpiles to dangerous levels, telling Fox News, “We just burned through seven years of Javelins.”
Lockheed Martin Corporation President Jim Taiclet told “Face the Nation” on Sunday it could be “a couple of years” before his company achieves its goal of doubling its production of Javelins due to supply chain issues.
The CEO of Raytheon Technologies Corporation also recently said the company would struggle to produce new Stinger missiles for the US after Biden sent more than 1,400 Stinger anti-aircraft missiles to Ukraine.
BREAKING: Raytheon Technologies says it cannot quickly make new Stinger missiles, which the US has been sending to Ukraine. CEO Greg Hayes says the company must redesign electronics in the missile and seeker. "That's going to take us a little bit of time."— Marcus Weisgerber (@MarcusReports) April 26, 2022
The announcement of the lend-lease bill comes as Democrats are hoping to boost Biden’s requested Ukraine spending bill from $33 billion to almost $40 billion.
Congressional Democrats are preparing a plan that would boost President Joe Biden’s requested $33 billion Ukraine aid package to nearly $40 billion, two people familiar with the plans said. A House vote is possible as soon as Tuesday.https://t.co/T9ebwqYIHu— The Associated Press (@AP) May 9, 2022
Despite constantly passing massive spending bills for Ukraine support or Covid relief, Joe Biden claimed on Monday that “fighting inflation” is his top priority.
The stock market continues to slide, gas prices are climbing, food inflation is hitting every American, the supply chain is breaking down and businesses can’t find workers.
Buckle up, because things are only going to get worse from here.