Obama's Middle East miscaculation
Niall Ferguson:
...He appears to be blinded by the evils of liberalism. It is the conceit of liberals that they are the smartest people in the room and Obama is full of it. He is like an amateur bomb maker who thinks he is putting it all together, until it blows up in his hands or in the hands of his successor.
Why should Iran suddenly mend its ways? In return for merely slowing down its pursuit of nuclear weapons, it is being handed up to $150 billion in previously frozen assets, a commercial bonanza as sanctions are lifted, and the prospect of an end to conventional arms and ballistic-missile embargoes after, respectively, five and eight years. All Iran has to do is keep the International Atomic Energy Agency happy that it is sticking to its nuclear commitments. There will be no “snap back” of sanctions if Tehran opts to use its new resources to double or quadruple its support for Hezbollah and Hamas, the Assad regime in Syria, and the Houthi rebellion in Yemen.
Now ask yourself: How are Iran’s rivals likely to respond to this timeline of Iranian rearmament: increased support for proxies this year, upgraded conventional weapons in 2020, ballistic missiles in 2023, and nukes in 2025? The president’s conjecture is that by buying time he also gets closer to a regional balance. The alternative and much more likely scenario is that he gets an arms race and escalating conflict.
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