Paying People To Attack Our Soldiers

On Tuesday, The Daily Caller reported that the Biden administration has given Iran access to another $10 billion in previously frozen assets. Iran is the major sponsor of terrorism around the world. Now they have more money to buy weapons to attack American soldiers stationed in the Middle East. I am sure the people who manufacture weapons are thrilled–they just got $10 billion in new sales.

The article reports:

The Biden administration is extending a sanctions waiver that will allow Iran continued access to $10 billion in previously frozen assets, The Associated Press reported Tuesday.

The four-month extension will allow Iran continued access to previously frozen $10 billion in electricity revenues for humanitarian aid, according to the AP. Critics of the Biden administration have said that giving Iran to access frozen funds will free up money in Tehran’s money reserves and allow them to carry on sponsoring terrorism.

The sanctions waiver will authorize Iraq to continue purchasing electricity services from Iran and give Tehran access to the billions in payments currently stored in the Iraqi banks, according to the AP. The Biden administration made assurances that Iran has only spent a small amount of the existing $10 billion and can only be used for humanitarian relief.

Does anyone believe that the $10 billion will be used only for humanitarian relief? Are we really that naïve?

The article concludes:

“Biden administration doubles down on giving $10 billion sanctions relief to Iran,” Richard Goldberg, senior advisor at the Foundation for Defense of Democracies, said on X Tuesday. “Money is fungible. This is 100% budget support for the world’s leading state sponsor of terrorism.”

Iran supports a number of terrorist groups to carry out its will, including Hamas, which killed over 1,400 civilians in attacks on Israel that began on Oct. 7. Iranian-backed militias have launched 46 attacks on U.S. troops on U.S. troops stationed in the Middle East since the Hamas Oct. 7 attacks.

The State Department did not immediately respond to a request for comment.

 

The Final Chapter Of The General Motors Bail Out

Yesterday Yahoo News reported that the Treasury Department has announced that all government-held shares of General Motors will be sold by December 31.

The article reports:

…On Thursday, it (Treasury Department) announced it sold 70.2 million shares of General Motors (GM) stock and intends to sell its remaining 31.1 million shares by Dec. 31.

Once the final sale is complete, however, US taxpayers will have lost nearly $10 billion of the $49.5 billion the federal government used to prevent the auto giant from collapsing in 2008, Treasury officials say. The loss offsets a greater calamity that would have occurred – the disappearance of 1 million jobs – if the federal government had not intervened, says Treasury Deputy Assistant Secretary Tim Bowler.

I guess the question I have at the end of this is how did Ford Motor Company continue without the government bailout, and could General Motors have done the same thing? The taxpayers lost nearly $10 billion in this transaction. What would have been the result of simply dividing that amount of money between those Americans who pay taxes? I think in the long run, it would have had a more positive long term effect on the economy.

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