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The Real Story: Bankrupting Iran
Updated
April 4, 2007
 
Iranian President Ahmadinejad, that great beacon of hope and forgiveness has pardoned the British hostages as a gift to the British people. What a humanitarian; what a prince of peace.  I hope now that these 15 hostages are going to be released we can finally start addressing the fact that the entire world will be held hostage if these guys get a nuclear weapon.  We'll all be dreaming for the days when it was just 15 kids smoking cigarettes and being paraded in front of the cameras.

The Real Story is that it's time for the United States to drop the hammer on Iran.  That means supporting the dissidents wherever and whenever we can, but it also means tightening the screws financially...right now.

Before we all got distracted with this hostage crisis, which is exactly what Iran hoped for, it was obvious that the U.S. and U.N. sanctions were starting to have a huge effect. In fact, the price of oil had dropped so low in recent months that some people were beginning to wonder if Iran's whole economy might just collapse.

But Iran sensed that, and they fought back...they took those hostages; got some great PR; showed off their leader's compassion to the Arab world, proved Britain was weak, and, mark my words, they emboldened the doves in Congress by crediting Nancy Pelosi and her little trip to Syria, all in one fell swoop.  Oh, and as a little side benefit, they drove the price of oil back up and, at least temporarily, saved themselves.

Well now it's time to double-down.  Sure, I'd love if we lived in some sort of parallel universe where the U.N. actually did their job, but we all know we can't wait for them---the Middle East will be a glass parking lot before they get serious.

We need to act now by making sure that not one dollar of American investment--public or private--is getting to Iran.  But unfortunately, that's not yet the case.  Some of the largest investment funds in this country, including massive pension funds, are still allowed to invest in companies that do business there.

Fortunately, some states, including Missouri and New Jersey, are trying to stop the idiocy and in California, Assemblyman Joel Anderson has authored a bill that would require two enormous pension funds to divest about $24 billion dollars in investments they've made in companies with ties to Iran. If this bill passes, and it's already made it through a critical first step, it'll send a strong message that we will not tolerate anyone assisting or profiting off a country that is actively plotting all of our deaths.
 
   

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