While the Obama administration is busy gloating about the Iran nuclear deal, the reality is all too real. Incredibly the worst part of this deal is not that we just paved the road to a nuclear weapon for Iran. At best this only delayed Iran getting a nuclear weapon or ten years. That is really bad, but it won’t take ten years to realize the stupidity of this deal.
We are also literally funding our worst enemy. Obama authorized paying Iran $1.7 billion. This is for alleged damages caused by the U.S. dating back to 1979. He also authorized eliminating sanctions and freeing up billions in Iranian assets. But even that is not the worst part of this deal.
The Obama administration has literally poured gas on a world-wide financial meltdown.
Iran is now free to sell its oil on the world market. Almost immediately it announced plans to increase production by 500,000 barrels of oil per day. The rest of the world noticed and panicked:
The Middle East Stock markets crashed losing an incredible £27 billion overnight. The U.S. markets are closed today because of Martin Luther King’s Birthday. Who knows what will happen to the U.S. markets when they open tomorrow. Panic has a way of spreading and right now it is spreading at the speed of light
At least we have competent leadership, right? I mean no one is proposing something really stupid like increasing spending, raising income taxes and taxing capital gains as ordinary income, right? Oops. Did you watch the debate last night? That is exactly what they are proposing.
TDM