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06 Nov 2009 09:17 am
The Question Of Sanctions
Drum doesn't get it:
I don't quite get what the sanctions crowd is after. We have no
diplomatic relations with Iran. Trade is embargoed and imports are
prohibited. (Except for Persian rugs!) We sanction foreign companies
who do business with Iran. Investment in Iran is prohibited. The
Treasury Departments forbids banks from processing even indirect
financial transactions with Iran. There's a little more we could do,
but not much.
He doesn't think Chinese and Russian sanctions are forthcoming, which is the general consensus.
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