We’re watching a replay of Hitler’s absorption of central Europe in the 1930s. Obama, Biden, Kerry et al. are as ineffective containing Putin as Neville Chamberlain was with Hitler.
Obama isn’t singly to blame for the Ukraine mess (though Hagels’ Defense reductions are looking ill-timed); Bush did as poorly with Russia’s invasion of Georgia in 2008. We have learned nothing.
The price of oil, of course, bounced upward. That helps Putin. Russia’s economy is heavily dependent on energy revenue. That, not a military confrontation, is where they are most vulnerable and where we should counter-attack.
Threatening does no good; we should say what we are doing and do it. This whole thing was planned and executed by Putin. If we don’t do something–I mean really do something–he’ll only get worse.