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As the controversies besetting the Obama administration continue to grow in number and intensity, the prospect that President Obama would seriously consider military action against Iran, should that country continue its drive to become a nuclear power, becomes more and more remote. So we welcome the current enhancement of sanctions against Iran on the federal and New York State levels.
It is true that governments in the past have resorted to war as a device to rally public support. But we sense this is not this president’s preferred course of action, nor is the threat to his office all that manifest.
In addition, if one accepts the prevailing wisdom that the Western powers are hesitant to oust Syria’s President Assad because of their experience in driving Libya’s Khaddafi from power – an effort that unleashed jihadism and sectarian violence and created even greater instability – one would have to believe there is an even greater reluctance to resort to military force with Iran.
Two weeks ago a bipartisan group of U.S. senators introduced legislation that would deny the Iranian government access to its foreign exchange reserves located in the banks of other countries (estimated to be worth approximately $100 billion). The legislation would impose severe penalties on any foreign financial institution that conducts foreign exchange transactions on behalf of Iran. The bill’s lead sponsors, Senator Mark Steven Kirk, an Illinois Republican, and Senator Joe Manchin III, a West Virginia Democrat, said in a joint statement that their legislation, the Iran Sanctions Loophole Elimination Act, would address the problem of Iran being able to tap into its foreign reserves and thereby mitigate the effects of the sanction regime already in place.
In New York, a bill was recently introduced that would prohibit domestic insurers from including on their financial statements investments in companies that engage in investment activities in Iran. These financial statements are relied on by the state to determine whether the company is solvent and able to pay claims. The bill’s lead sponsor, Assembly Speaker Sheldon Silver, said that while he “hope[s] this legislation further encourages divestment in Iran, it is my primary purpose to protect policyholders by making certain that the investments of our domestic insurers are financially sound…. Investments in a nation as volatile as Iran…should never be considered a sound investment.”
Of course, the prospect of military action is what most concerns the mullahs in Tehran and we can only hope Mr. Obama won’t alleviate their worry about just such a prospect. But President Ahmadinejad can read the newspapers just like everyone else.
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No longer will delegitimization efforts go unchallenged. That’s a silence we will continue to break.
Increasingly, Sweden is becoming a country where anti-Semitism & supporting terrorism is acceptable.
Rabbi Pfeffer points out that at his site, there are no one-line answers. “We want to show the people we’re interested in their questions,” he says.
The pathetic failure of the Marianne to reach Gaza is the best thing that has happened to Israel since Hamas mis-fired a rocket on its own civilians.
Wonder why Israel has the world’s most insane rules of engagement imposed on its military? Read on..
Think political Islam’s a problem now just wait until an Islamist nuclear umbrella covers the region
Fiorina’s wrong about Islam which embraces our death&destruction confusing pc theories for hard fact
Bangladesh PM Hasina is fighting terror not only for her nation but for the entire civilized world.
No necessity to redefine marriage, just address equal rights for couples in non-nuclear families
PM Netanyahu has pledged the nation won’t rest until the hero Eli Cohen is returned home to Israel
“Palestinian armed groups” & “local authorities” are named in the report; Hamas’ absence stands out
Dating apps have really changed the way many young Jews approach dating.
The families of those slain even publicly forgave the murderer. Charleston was serene and at peace.
Changing plans needn’t be a frustrating experience. Sometimes the new path proves far more rewarding
The court’s finding that the president has exclusive jurisdiction in recognizing foreign countries might have been be apt if the issue at hand were a congressional attempt to grant recognition to “Palestine” as a state.
It wasn’t too long ago that Mr. Erdogan, in his determination to burnish Turkey’s credentials as an Islamist state at the cost of the secularism that had brought much economic and political success to Turkey, upended his country’s decades-long cooperative relationship with Israel.
Does the pope really believe that Father Dehon’s destructive anti-Jewish calumnies do not disqualify him from the highest honor of the Catholic Church because in his time everyone did it?
There was something else of great importance in play – something we would have liked to see him take into account before deciding to stand with the boycotters.
“Let’s get something straight so we don’t kid each other…[the Iranians] already have paved a path to a bomb’s worth of material,” said Mr. Biden. “Iran could get there now if they walked away in two to three months without a deal.”
Beyond the particulars of this tragic death, however, we should all be concerned about the possibility that a criminal prosecution in a major American city is being driven by fear of mobs in the street.
Printed from: http://www.jewishpress.com/indepth/editorial/iran-a-welcome-burst-of-sanctions/2013/05/22/
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