By Editorials, Investor's Business Daily
Monday, 28 March 2016
Iran:President Obama didn’t give away the store in the Iran nuclear deal after all. He saved some things to give away now, and they will mean an even greater increase in Iranian terrorism.
Congressional Republicans expect the Obama administration to break yet another promise and have the U.S. allow Iranian business entities to conduct financial transactions in U.S. dollars. It comes amid the Iranian government’s complaints that the sanctions relief of Obama’s nuclear pact, which gives the regime tens of billions of dollars that the world’s foremost terrorist state can use to finance more terrorism, isn’t enough in exchange for its promises not to build the bomb.
Iranian Supreme Leader Ayatollah Khamenei earlier this month accusedthe U.S. of interfering with Iranian banking.
House Foreign Affairs Committee Chairman Ed Royce, R-Calif., and other critics of Obama’s agreement, view such an accommodation by the administration as going back on assurances made last year to sell the pact to Congress. The Treasury Department’s Iran sanctions point man, Adam Szubin, had told Congress “Iran will not be able to open bank accounts with U.S. banks, nor will Iran be able to access the U.S. banking sector.”
Now, however, the administration is suspected of seeking to allow just that, possibly using Hong Kong as a go-between. “This all seems to stem from Iranian displeasure with the lack of foreign investment following the nuclear deal — which is a direct result of the nature of the regime and its actions abroad in the non-nuclear space,” Royce told the Associated Press. “The administration needs to stop bending over backwards to satisfy Iran.”
Rep. Mike Pompeo, R.-Kan., who sits on the House Intelligence Committee, suggestedto the Washington Free Beacon that Iran could add a form of financial terrorism to the mischief it practices. “American and international businesses can’t ignore the Islamic Revolutionary Guard Corps’ vast control of the Iranian economy and the threat Iranian banks pose to the international financial system,” he said.
This all is another consequence of the administration fashioning an agreement as consequential as the Iran nuclear deal as a non-treaty. Secretary of State John Kerry explained the tactic to Rep. Reid Ribble, R., Wis., last August. “It has become physically impossible. … You can’t pass a treaty anymore,” Kerry said, because of “ideology and politics.”
In fact, you can pass treaties that are in the national security interest of the United States, especially with two houses of Congress under Republican control. You can’t pass a bad treaty, however, which is an understatement regarding the Iran deal.
And so now, after the pact is supposedly set in stone, we find the Obama administration scrambling to make further concessions to Islamofascist Iran, and engage in further appeasement, because the president is apparently scared to death that Tehran might walk away from something they haven’t even bothered signing.
To safeguard a deal that the Iranians will likely cheat on anyway, and secretly conduct nuclear weapons development, we may soon welcome terrorists into the American banking system.