According to a new report from the Senate’s Permanent Subcommittee on Investigations, the Obama administration lied to the American people about the kind of financial access Iran would have to our banks in the run-up to the disgraceful nuclear agreement. The committee’s report reveals that Obama granted Iran a license that would allow the Islamic theocracy to access U.S. financial systems…even after promising the public that this would not be a part of the deal. The deception is just the latest evidence that President Obama and his cohorts sank to unimaginable lows in trying to secure this deal, all in an effort to shore up a foreign policy legacy that is now, we gleefully report, in shambles.
“On Feb. 24, 2016, the Treasury Department issued a specific license to Bank Muscat to authorize the conversion of Iran’s rials to euros through ‘any United States depository institution,’” the report says. “Even after the specific license was issued, U.S. government officials maintained in congressional testimony that Iran would not be granted access to the U.S. financial system.”
In comments to Fox News, Sen. Rob Portman (R-OH) said there was no question that the president and his officials were deceptive in presenting the deal to the public.
“The Obama administration during the negotiation of the Iran deal misled the American people,” Portman said. “I think they did so because they were desperate to get a deal.”
Ultimately, the financial transaction outlined in the report never took place. American banks rejected the Obama administration’s efforts to pressure them into converting Iran’s money, forcing Iran to rely on a European bank to do the deed. According to the subcommittee, American financial institutions did not want word getting out that they were helping Iran get their hands on $5.7 billion in frozen assets, much less that they were violating U.S. sanctions to do so.
According to the AP, however, even that aspect of the agreement was not without its shady side. After the administration failed to convince American banks to violate (the administration’s own) sanctions, Obama officials “fanned out across Europe, Asia, and the Middle East trying to convince banks and businesses they could do business with Iran without violating sanctions and facing steep fines.” How did the Obama administration come to serve as Iran’s PR agency? Well, it was all part of the same terrible deal that allowed Iran to put a halt to their nuclear enrichment for a few years, with only limited inspection authority, in the name of striking a blow for world peace!
President Trump made the right call last month when he pulled the U.S. out of this terrible agreement, but the damage Obama did when he handed billions to this terrorist state can never fully be undone.
He wanted to cement his foreign policy legacy, and by god, he did just that.