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It's basically breaks down to "two wrongs don't make a right."

I don't see how this phrase is relevant?

Just because A doesn't do X, but asks B to do X, doesn't mean B can argue the value of not doing X by saying “A doesn't do X, so neither should I" because: A (-X) ≠ B (-X)

So what? Now tell me in terms of the US and Russia what is the connection between your imaginary situation and reality.

Never heard of the term until Trump took office.

Whataboutism was okay during President Obama's term. Bush's screwups were often brought up to deflect criticisms lodged against President Obama.

edit: meta

Obama didn't do it noticeably, Trump often, hence you hear about it.