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Minister. does the ukrainian foreign minist minister have a blood lust for sanctions? >> i'm not saying that. i'm hearing from questions out there and commentary, people wondering why didn't we implement a full package of sanctions yesterday. and what i'm saying to you is yesterday was a demonstration effect. and that demonstration effect will go higher and higher. russia is already feeling the pain and let's remember the bigger purpose. our purpose is not to max out on sanctions. that serves no purpose to itself. our purpose is to prevent a large scale invasion that involves the major seizure...

Was a quick russian victory to demonstrate that the west is ununited. instead they've seen a quick disaster towards putin and the west condemning russia. this is a huge demonstration effect for xi if he were to think about going into taiwan. what he is seeing is international condemnation of russia and historic sanctions. so he has to think twice. maybe this will make him think twice about going into taiwan when he is ready. >> another story, "wall street journal" saying the leaders of saudi arabia don't want to take president biden's phone call. the white house pushed bark on that saying it i...

Do what putin wanted to do, which was to essentially conquer major urban areas in ukraine, force some sort of seasonal in the capital and the resignation of zelenskyy's government. i think the hypersonic was more a demonstration effect than an effort to fundamentally change the battlefield b. so i think this was a message to the west. i have these weapons, you've tested them. i've now actually used them. in combat. we don't know what the russian stockpile is. so i don't think, kristine, that this is going to have a major impact on the battlefield balance in ukraine, it's a message to the west,...

Ukraine. and, again, if you put in peacekeepers, which the poles are now proposing and will propose at nato, the administration has been very lukewarm if not opposed to that idea, you're going to have to figure out a way to protect these people and to provide air cover for them. all of which, john, raises the question of the main reason now for the absence of an effort to stop civilian killing, and that is the prospects and the risk of escalation with the russians. there is a "new york times" article out today, which if you haven't read, you need to, chilling how the threshold for the deployme...

Here's why: i think you get a new recession, democrats running the government, i think they're going here. i think that's going to be something they want to do. >> some of the left-wing tax analysts i've realize have said 70% would probably kill the economy, but they would go for 50% -- paul: top rate now is 37. >> exactly right. and my view is, look, had a demonstration effect. do you want to live in the obama economy or do you want to live in the trump economy right now in seems to me the answer's pretty obvious. paul: still ahead, british prime minister theresa may surviving a no confidence...