The Daily Signal posted an article yesterday about one of the consequences of the nuclear treaty with Iran. The treaty paved the way for a transaction that was very profitable for Boeing Aircraft. The treaty got through Congress because both the Republicans and Democrats got something out of it. The American people and the American military, however, did not. The Democrats showed solidarity with their President. The Republicans rewarded Boeing, a major campaign donor, with the lucrative contract to sell airplanes to Iran.
The article reports:
The $17.6 billion deal between the aviation giant and the Islamic Republic of Iran was made possible by the lifting of economic sanctions against Tehran in January. It is a reckless piece of business that Congress must address.
Under terms of the memorandum of agreement, Boeing reportedly will supply 80 planes—including intercontinental jumbo jets—to state-owned Iran Air.
The carrier, according to the U.S. Department of Treasury, has been routinely commandeered by the Islamic Revolutionary Guard Corps and Iran’s Ministry of Defense and Armed Forces Logistics to transport rockets, missiles, and other military equipment, including materials and technologies with ballistic missile applications.
There is little doubt that the weapons transported by these planes will be used against American soldiers. We are funding our enemy.
The article concludes:
Boeing executives say the proposed sale is necessary to remain competitive against Airbus, the European aviation manufacturer that has struck a $27 billion deal with Iran for 118 planes. But that’s the same lame argument Boeing made in lobbying for reauthorization of the Export-Import Bank—from which Boeing was the top beneficiary of export subsidies.
The fact is, projected demand for commercial planes is forecast to rise for years to come, and both manufacturers are carrying huge backlogs that will take years to fulfill.
Rather than tweak the tax code, Congress should, at the very least, explicitly prohibit financing from the Export-Import Bank for the sale of Boeing planes (or any other product) to Iran.
Additional actions are needed as well. The administration has already increased the risk of yet more death and destruction by the terrorist state. Lawmakers should ensure that Boeing and other U.S. companies don’t become tools of Tehran.
It is time to clean house in Washington.