The problem with economic sanctions always has been that the nations doing the punishing also punish themselves. Unlike the authoritarian countries that they slap with sanctions, the countries doing the punishing are largely accountable to voters, and the voters know that the politicians are responsible for the pain that is caused.
It's like having two twins, conjoined at the torso. The twin on the left gets angry with the one on the right, and screams, "If you don't stop what you're doing, I'll cut off your arm!" The one on the right looks back and says, "Dude, you'd essentially be cutting your arm off too." The one on the left screams "I don't care!" but now has to somehow convince the twin on the right that he will actually go through with it.
It's hard to round up support for sanctions with real bite once we start talking about the largest players in the international system. Countries like South Africa, Iran and North Korea can be cut off, because the price is fairly low. A country like Russia poses more of a challenge, and cutting out a player like China or the United States would cause global economic chaos.
The measures that you're talking about are all doable. Some bad things happen as a result of all of them. The SWIFT cutoff (and trade embargo) drives up oil, gas and rare earth prices. The frozen accounts represent the risk of costly litigation coming from Russian citizens who had nothing to do with this outcome. The trade embargo also hurts businesses that export to Russia. The political pressure on the Duma would rightfully be condemned as unacceptable interference in sovereignty, and sets a dangerous precedent that could lead to reprisals later.
As you point out, what we saw today bears no resemblance to the measures you propose, which gives the lie to Biden's claims that there would be incredibly harsh sanctions. It leaves him looking like he did not take the temperature of his allies before opening his mouth, which is not a shock to those of us that have been watching him for decades. He often verbally shoots from the hip and asks questions later.
