Obama unfreezes $50 billion of Iran oil revenue as part of bogus nuke deal

Flying PigThe Wall Street Journal reports

“Our main concern here is making sure that if Iran doesn’t abide by its agreement that we don’t have to jump through a whole bunch of hoops in order to reinstate sanctions,” the president said at a news conference. “It will require some creative negotiations,” Mr. Obama said, adding, “I’m confident it will be successful.”

Such solutions could potentially include a faster timetable for lifting sanctions and also freeing up tens of billions of dollars in Iranian oil revenue that has been frozen, though Mr. Obama made no reference to that money.

The Obama administration estimates Iran has between $100 billion and $140 billion of its oil revenue frozen in offshore accounts as a result of sanctions. U.S. officials said they expect Tehran to gain access to these funds in phases as part of a final deal. Iran could receive somewhere between $30 billion and $50 billion upon signing the agreement, said congressional officials briefed by the administration.

Iran gets this money for signing a bogus deal wherein the concede very little. American hostages held are not freed. No agreement has been made on nuclear inspections by the IAEA.

The purpose of this agreement remains completely unclear, and the options aren’t that great. They’re 1) Obama did this to make himself look good, or 2) he’s so stupid he allowed the Iranians to walk all over him. There’s another option too, and that is that Obama wanted Iran to have nuclear weapons. But that’s just too crazy a theory, right?

Your call.