Obama Adminstration Negotiates Nuclear Bailout Deal with Iran
by. Irving Peter Freely
WASHINGTON -- Declaring the World's Largest Sponsor of Terrorism "too big to fail," U.S. President Barack Obama today announced the Iranian Nuclear Reinvestment Act of 2009. The controversal deal, opposed by Republicans, will commit the U.S. Government to funding the Iranian nuclear program through the end of 2010. The Iranian Nuclear program had become a causalty of the global credit crisis and lower oil prices.
"In this time of global economic crisis," President Obama announced today, "when we stand on the edge of catastrophe, Vice President Biden, Secretary Geithner and Iranian president [Mahmoud] Ahmedinejad have negotiated a deal that should allow us to create or save over 400 jobs in the Iranian Nuclear Sector. Given the unprecedented nature of the pressures Iran faces, not acting is simply not an option."
The deal is expected to meet resistance on Capitol Hill.
"Is the President serious?" Asked Rep. Eric Cantor (R-VA), a member of House Republican Leadership.
"The American People do not want us to send billions of dollars to prop up the nuclear program of a country that regularly declares it's intention to destroy the United States of America," said Rep. Mike Pence (R-IN).
Not all members of Congress feel this way.
"I find it appaling that Herbert Hoover Repubilcans would follow Rush Limbaugh's marching orders to obstruct this crucial economic and national security measure in order to justify their own failed policies," said House Speaker Nancy Pelosi (D-CA).
"Who do these Republicans think they are?" asked Sen. Chuck Schumer (D-NY), "When the administration negotiates a bailout deal in secret with our enemies, they expect a certain amount of support from the United States Congress. These Herbert Hoover Republicans seem to think that the Iranian nuclear program will survive if we do nothing. These Republicans don't understand that real people work in the Iranian nuclear program."
While Republicans are anticpated to largely oppose the deal, Democrats expect the measure to pass largely along party lines, although moderate Sen. Arlen Specter (R-PA) is expected to support the administration.
"I just think that, given the size of the current crisis, we have to do something even if this approach isn't my first choice", Specter said this week on the Sean Hannity Radio show. "I gave my word to the Senate Leadership and I intend to keep it."