The market is irrationally exuberant today

Everyone loves a party. Especially when the party makes you money. Forget that the money you’re making now is the same money you lost last month. It’s still fun.

And so, the stock market is having fun today.

And why not? America and Iran are not exactly kissin’ cousins now, but at least nobody’s civilization will end. Not today, anyway.

The stocks of the boomers are booming, oil is crashing, monster pickup sales to monster drivers will certainly become monstrous again, the Pope (who is “God’s representative on Earth,” a reader informs me) will take credit for a few days, and we’ll probably get a docu-fiction war movie courtesy of War Secretary Hegseth, starring War Secretary Hegseth.

Still, I’m skeptical. I’m not selling into this market uptick, mind you, just as I was not buying into the preceding market dip. Er, market correction. Er, market crash.

You see, I’m a buy-and-hold sort of guy. I don’t pretend to know more about market values than, say, Goldman Sachs and their mega-massive-computing computers and their MBAs who learned at Harvard how to extract insider information from public company Chief Financial Officers. (I won’t give away their secrets, but have you heard the name Jeffrey Epstein?)

So long as you don’t bet against Goldman Sachs, a diverse stock portfolio has proven to be a good investment over a period of decades, and it will probably continue to be, and so that’s where I keep most of my meager money.

I’m just sayin’, as they say, that the people who try to time the stock market are probably getting this one wrong in their buying spree this morning.

Because this cease fire is flawed seven ways to Sunday. To name a few:

Even now after the cease fire has been announced, it still has not taken effect. Iran is still lobbing missiles and drones at its neighbors. I always thought the sine qua non of a cease fire was that everyone ceases firing, but I’m old school.

If Iran finally observes the cease fire by ceasing its firing, rest assured that it will then violate the cease fire by ceasing its cease fire.

It’s who they are: Missile and drone lobbers. That, and terror financiers.

We are told that the big condition to the cease fire is the re-opening of the Strait of Hormuz – that waterway that Iran has closed to the great angst of civilized people everywhere, and also those monsters in the monster pickups.

So how exactly is that supposed to happen? Who will police it? What happens when a rogue or not-so-rogue Revolutionary Guard lobs an ad hoc drone on a frolic of his own?

Um, details to follow. Uh huh.

This war is not over. But the cease fire is – before it even started.

Take out one Iranian power plant per day

Power plants are legitimate targets in war. They’re “dual purpose” infrastructure in that they serve a civilian purpose but also a military one. (The same was true of the large bridge in Tehran that we took out last week.)

That’s one reason that terrorists like Hamas position their military commands in hospitals, not power plants. It is recognized that hospitals are not legitimate targets (unless a military use is made of them) while power plants are.

America is therefore justified in disabling Iran’s power plants, as President Trump has threatened to do. It will be much tougher for Iran to launch drones and missiles without electric power.

But let me offer a fine point on this strategy. Once you carry out a threat, then you can no longer threaten it. A threat that has been carried out has no further utility in negotiations.

And so, don’t disable all the power plants at once. Let’s instead disable, say, one power plant per day. Call it the One-A-Day treatment. AI tells me that Iran as a country of 90-some million people has a few hundred power plants. At one a day, we have a year’s worth of targets.

By proceeding this way, the mullahs will experience ever-increasing pain and ever-decreasing lights, air conditioning and electricity. Moreover, the mullahs themselves will endure this, not just their people.

Let’s make good on our threat, while still keeping the threat alive.

This isn’t Suez in 1956 and it isn’t Vietnam in 1966; it’s Iran and it’s 2026

This war with Iran is one that had to be fought, and so we were right to fight it on our terms at a time before it became harder to win. The way Iran has lashed out at civilians everywhere, including with indiscriminate killing machines it denied having, has confirmed that.

But I recognize that there are arguments and counterarguments. Some of those are just the lame “Orange Man Bad!” or “Orange Man Good!” type, but others are more principled.

Here are two arguments – one against the war and one for it – that sound principled, even scholarly, but at the core are just sophistry.

First is the one that is against the war. It says, “Another Vietnam catastrophe!” (Yes, the argument is typically presented replete with the exclamation point, which should give you a clue that you’re about to receive more heat than light.)

But Vietnam was not really a catastrophe. It was indeed poorly conducted, but it achieved for a time its main objective: to stop the Communist advance through Southeast Asia.

The Communists eventually did get South Vietnam (and ironically have turned it into a haven of export enterprise) but we delayed that by at least 15 years.

And the Communists never did get Indonesia, Malaysia, or the Philippines, to say nothing of Australia and New Zealand. Was that worth 50-some thousand Americans? History’s jury is still out.

The point here is that Vietnam was not the debacle that kids today are taught in “schools” where they are indoctrinated by the teachers’ union arm of the Democratic National Committee – an organization sworn to pacifism except when their opponent is America.

When comparing Iran to Vietnam, here’s the bigger point. Vietnam was 60 years ago. Vietnam was literally much closer in time to World War One in the year 1918 (that’s One, not Two) than to today in the year 2026.

It should not need to be said that weapons, battlefield tactics, global economies and world alliances are vastly different now compared to 60 years ago.

We saw that in the first hours of the Iran war when the U.S. and Israel eliminated the Iranian leader and many of his subordinates. That’s the first time that’s ever happened in a modern war.

On the other side, we see the Iranians responding with inexpensive but sometimes effective missile and drone attacks throughout the Middle East, and a dramatic show of their capability of launching a missile as far as London or Berlin. (The accuracy of those missiles, and how long before their stock is depleted, are separate questions.) We also see them blocking the flow of 20% of the world’s oil supply.

In short, this is not Vietnam. This is not your dad’s war.

On the other side, supporters of the war sometimes compare it to the Suez Crisis in 1956. That’s when Egypt nationalized the Suez Canal, ousting the U.K. and French interests that had controlled it. The U.K. and France tried to reclaim it, but backed down in the face of international pressure. The U.S. through President Dwight Eisenhower sided against the U.K. and France.  

Since then, the U.K. and France have never held much sway in the Middle East. According to supporters of the Iran war, the lesson to be learned is “never back down in the Middle East.” Or “Damn the torpedoes, full speed ahead!”

But this “lesson” forgets the broader context. The U.K. and France don’t hold much sway anywhere, not just in the Middle East. Their economies and militaries were never completely rebuilt after being ravaged in WWII.

Even more ravaged were their national psyches. The cultural collapse we’re seeing today in the U.K. and France was not triggered by Suez. Rather, Suez was triggered by their already-emerging cultural collapse.

An equally valid – or invalid – lesson might be learned from the Camp David Accords in 1979 when Jimmy Carter in probably the best feat of his Presidency (I know that’s not saying much) moderated a lasting peace between Egypt and Israel. In that peace deal, both sides compromised – both sides backed down.

Of course, the Camp David Accords don’t teach us much about the Iran war, either.

The most that can be gleaned from the events of history is usually allegorical. Platitudes about history are of little use in another time under different circumstances. They are no substitute for hard analysis. In analyzing Iran, they’re about as useful as Aesop Fables.

The crux of the hard, real analysis on Iran is the point I made at the outset. Whether Donald Trump is a genius or a fool, war was inevitable. We were smart – it was the product of hard analysis – to choose the time and circumstances.

So, when should the war end? Again, it will take more than history to answer that question. Again, it will take hard analysis – of the costs, benefits, risks and rewards. Let’s have the patience and courage to undertake that analysis. Damn the Midterms.

Are the Dems rooting for Iran because Iran is America’s enemy, or because the new Supreme Leader is gay?

Given Iran’s half century of cruel barbarism in the Middle East, it’s hard to understand why the Democrats seem to be rooting for them in the current war. I have two theories.

One is the obvious one. The Dems are not so much rooting for Iran, as rooting against Iran’s enemy. Bad as Iran is, its enemy is even worse in the eyes of the Dems.

Iran’s enemy, you see – or at least the Dems see – has a history of its own cruel barbarism going back to at least 1619. Iran’s enemy has engaged in genocide against native people. Iran’s enemy has wrongly oppressed workers of the world who sought freedom in the workers’ paradises of the Soviet Union, Cuba, Venezuela, Red China and Eastern Europe.

Dems believe that Iran’s enemy has raped the earth, ruined the climate, undermined the sacraments of diversity, equity and inclusion, elected a man with bad orange hair to the Presidency, increased the wealth of everyone but at the cost of especially increasing the wealth of the wealthy, made “woke” a four-letter word, and is rapidly driving Starbucks out of business.

Iran’s enemy is of course America, which happens to be the Dems’ primary enemy as well. So, in a textbook example of “my enemy’s enemy is my friend,” the Dems see Iran as their friend.

That’s all that matters to the Dems. Forget about Iran’s atrocities. Forget about the hostage-taking, the baby-beheadings, the rapes, the murders, the incinerations. Forget about the imprisonment of people for political beliefs, the torture of dissidents for dissenting, the belligerent development of a nuclear bomb for use on Israel, and the throwing of gays off tall buildings for being gay.

(Correction: A reader has informed me that Iran does not throw gays off tall buildings; they pay ISIS to do that. Homer nods.)

Which brings me to my second theory. It has been reported that Iran’s new Supreme Leader who assumed the supremacy after the supreme demise of his supreme father is . . .

. . . gay.

President Trump, a supporter of gay rights, was reportedly pleased by the news. He laughed.

Gayness is not a sin, in my view. It’s barely worthy of mockery. For cheap mockery material, it’s on the order of baldness.

But under these circumstances it’s notable. The new Gay-atollah could be a second reason why the Dems are rooting for Iran.

It would be a DEI “resistance” exercise by the Dems, now that ordinary DEI has been outlawed or at least discredited. As in “I want the gay guy to win!” Or “I want the gay guy to beat Trump!” Or just “I want the gay guy!” (“But the bushy beard? Eww!”)

As for that newly-supreme-and-outed gay man serving as the putative Supreme Leader of the Islamic Republic of Iran while cowering in a corner somewhere, he has yet another thing to watch out for. He has to watch out for not just bombs in the sky, but himself in the sky. Stay away from tall buildings, my friend.

Can there be any doubt what Iran would do with nukes?

The argument against the war with Iran boils down to two points. The first point is that this war was initiated by the hated President Trump, and so it should be opposed. That point cannot be rebutted because it is not a point at all; it’s simply a reactionary expression of hate by people who scarcely bother to conceal their hope that Iran wins.

So, let’s move on to the second point.

The second point is that we were able to handle Iran’s aggression for many years without going to war, and so we could have continued to handle its aggression for many more years without going to war. There was no “imminent threat” from Iran.

That argument ignores the fact that circumstances were on the brink of changing.

The impending change is that Iran was getting ever-closer to having a nuclear bomb in its arsenal. And it already had hundreds of ballistic missiles to carry that bomb across the Mideast and beyond.

In addition to the risk of ordinary nukes, there’s the risk of Iran using “dirty bombs.” Those are conventional explosives laden with semi-enriched uranium. A dirty bomb doesn’t produce the megaton explosion of a nuke, but it does contaminate the surroundings with lethal radiation.

Iran could construct a “dirty bomb” of sub-fissile enriched uranium, which it has thousands of pounds of, and mount it on one of its hundreds of remaining ballistic missiles.

Even more worrisome, Iran could dispense with the missile. It could instead smuggle abroad a refrigerator-sized dirty bomb, and position it in a leased office on an upper floor of a building in a major city where the detonation could produce catastrophic and long-lasting radiation contamination.

Think Chernobyl (and the Chernobyl contamination originated near ground level, not 50 floors up in the sky).

Let’s hope Iran has not already constructed and smuggled a dirty bomb to a detonation site where it is waiting only for someone, somewhere to push a red button.

If you think Iran is too pacific and humane to do such a thing, then you haven’t been paying attention. This is a regime that tosses gays off tall buildings, stones women for adultery, dismembers shoplifters, sponsors unspeakable acts of terrorism against women and children and babies, has chanted “Death to America” for half a century, and obdurately refuses to give up its nuclear weapons program.

In the course of the last week, Iran fired thousands of missiles and drones at American bases. Fine, I suppose that’s part of war. But Iran has also followed its policy of firing missiles and drones at both military and purely civilian targets in Israel – as well as Saudi Arabia, Qatar, Türkiye, Iraq, UAE, Kuwait, Bahrain, Oman and Jordan.  

Iran’s aim is not to subdue those countries – heck, most of those countries are not even in the fight.

Rather, Iran’s aim is to produce a conflagration of the Mideast and the world. “If we go down, we’ll take you with us” is their apocalyptic cry. These are theocrats from the 12th century.

Can there be any doubt that an Iran possessing nuclear weapons would use them?

Sure, it’s annoying to see the price of gas go up, and to see the stock market drop a couple of percent. But it would be more annoying to see millions of people killed, to see civilians with the lifelong pain of radiation burns, to see cities rendered uninhabitable, and to see a generation of babies with birth defects.  

If necessary, bomb the Iranian leaders back to the age and time they’ve chosen for themselves — the stone age.

War with Iran was inevitable, so Trump was smart to choose the timing

Iran consistently promoted and sponsored terror throughout the Middle East and the world. They’ve been chanting “Death to America” for half a century. They’ve been working on a nuclear bomb for decades. Their radical Islami-fascist theocracy repeatedly vowed to wipe Israel off the map, because they believed Allah willed it.

War with Iran was therefore inevitable. The only question was when.

We could have waited for Iran to attack us. America’s unspoken policy over the years, after all, has been not to attack an adversary until the adversary attacks us first.

That sounds noble, but might not be smart. Waiting for Japan to attack us at the outset of WWII almost cost us the war. If not for the lucky fact that America’s aircraft carriers were out at sea rather than at base in Pearl Harbor on Dec. 7, 1941, the entire Pacific Fleet might have been destroyed.

So, too, with Iran. We could have delayed this war for months and even years until after Iran restocked its weapons from the blows inflicted last summer by the Israelis and Americans.

By then, Iran would not only be restocked with replacement weapons, but might have a few new ones – such as nuclear bombs or at least a “dirty bomb” that is designed not to produce a nuclear explosion but to simply spread radioactive contamination over a large area such as Tel Aviv – or Washington, D.C.

President Trump was right to stop Iran now, before it regrouped and re-weaponized.

In doing so, Trump showed a level of maturity, discipline and vision that I’ve sometimes doubted he possessed. It would have been easy to just kick the Iran can down the road, down past the mid-terms, down past his presidency, to let some successor deal with the problem.

Yes, the problem would be bigger down the road, but it would be someone else’s problem, not Trump’s.

Trump’s predecessors did exactly that. Biden was of course half asleep, and paid little attention to anything. But I’m less forgiving of Obama, who consciously entered into his 2015 agreement with Iran to let them develop nuclear weapons after ten years – a ten-year period that expired last year.

If Trump hadn’t cancelled Obama’s Iranian deal and if the Israelis and Americans had not taken out Iran’s underground uranium enrichment facilities last summer, it’s quite likely that Iran would have nukes today.

Re-read that last sentencer. Under Obama’s approach, Iran would probably have nukes today. Some of the ballistic missiles they’re raining down on Israel, Qatar, United Arab Emirates, Saudi Arabia and elsewhere would probably bear nuclear warheads capable of killing millions.

So, when you read the “war-is-hell” headlines from CNN or the depictions of mass-murdering Ayatollah Khamenei as a kindly grandpa from Al Jazeera or the latest “Trump-is-Hitler whine from the hypocritical, pusillanimous Democrats, remember: This war was inevitable – in fact, the Iranians have been fighting it for many years. The only question was when we finally decided to fight back – now when they’re weak, or later when they’re armed with nukes.

CNN publishes a stolen, inaccurate report in an effort to help Iran

CNN last week got their hands on a classified document stolen from the National Security Agency. That’s a felony punishable by ten years in prison, by the way.

The stolen document guessed that the efforts by Israel and America to neutralize Iran’s nuclear weapon program had set back the program by only “a few months.”

CNN and the rest of the media cabal could hardly contain their glee. They celebrated the failure of America and Israel.

Hardly mentioned in CNN’s report was that the document itself noted that its conclusions were merely “preliminary” and were expressed with only “low confidence.” 

This week, a more considered report was published by the Institute for Science and International Security (which, ironically, has been going by the acronym ISIS since long before the ISIS terrorists came around).

ISIS – the good one – is a non-partisan think tank and investigatory group. If anything, it might lean a bit to the left, as its financial supporters include left-leaning organizations such as the McArthur Foundation, the Ford Foundation and the Rockefeller Foundation. 

The Wall Street Journal reported on ISIS’s findings. (The Journal’s report is behind their paywall here, but you can click into ISIS’s underlying report here.)

ISIS concluded that Iran’s nuclear weapons program has been “effectively destroyed.”

That conclusion is supported in their report by extensive review and detailed analysis of the attacks and the videos, aided by intimate knowledge of the layouts of the Iranian facilities and interviews with international inspectors of those facilities.  

In some particulars, the ISIS report shows that the stolen preliminary report as characterized by CNN is simply wrong on the facts about what facilities were attacked, and how.

Apart from CNN, everyone else knows that the Iranian program has been hit very hard. The Israelis concluded that the Israeli and American efforts have set the Iranian program back “many years.” The U.S. Director of National Security, a dove who downplayed Iran’s nuclear ambitions a few months ago, reported yesterday that the Iranian facilities have been “destroyed.” President Trump himself reported last week that the facilities have been “obliterated.”

The head of the CIA said yesterday that Iran’s program had been “severely damaged” and would require “several years” to rebuild. Even the head of the nuclear watchdog at the U.N. – not exactly an Israel fan club – reported that the damage had to be “very significant” in view of the “the explosive payload utilized and the extreme vibration-sensitive nature of centrifuges.” Well, duh.

Meanwhile, Iran has congratulated itself on its “decisive victory.” The Ayatollah proclaimed that Israel has “almost collapsed and been crushed” and America has been delivered “a slap in the face.”

CNN has not gone that far, yet. But as of this writing, the stolen, erroneous NSA preliminary report is still on CNN’s website – with little of the contradictory reports mentioned.  

Why do the media (with the notable exception of the Wall Street Journal in this case) distort or even lie about facts, to make Iran look good and strong and make America look bad and weak?

Well played, Mr. President

In what is already being called “The 12-Day War,” the bad guys have surrendered.

It took a bit longer than its namesake, The Six-Day War, but it was every bit as heroic. Israel beat an opponent that outnumbered it nine to one. An opponent that was on the verge of nuclear weapons to make good on its decades-old threat to obliterate Israel from the River to the Sea. An opponent that has fomented terrorism throughout the Mideast. An opponent that militarily, financially and logistically supported the horrible October 7 pogrom, a slaughter of unspeakable cruelty.

This time, Israel got some help in the end. Only one country on earth is willing to publicly ally itself with the Land of Abraham, Isaac and Jacob. Fortunately for Israel and the world, that country is the United States of America, a country still armed with the most powerful military in history – a country that is still the arsenal of democracy.

Israel pilots (the second best in the world), Israeli intel, and Israeli stones did the dirty work of neutralizing the Iranian air defenses.

Then, it was the U.S. of A. that destroyed the Iranian nuke sites with stealth bombers that Iran never saw coming and couldn’t have intercepted if they had, carrying bunker-buster bombs that went half way to China. (Are you listening, China?)

In a face-saving move of retaliation, Iran then lobbed a few missiles toward an American air base. Although there was no danger of them hitting their target, Iran made sure by phoning in an advance warning.

The Democrats and the Never-Trumpers have been waiting and praying for a catastrophe for 12 days now. Sadly for them but happily for the world, it seems there won’t be one. But they will continue to hope.

OK, it’s not technically a surrender by Iran. It’s merely a permanent cease fire. Technically, it’s possible that Iran could restart hostilities if they decide they’d like another dose.

I’m betting against that.

I’m also betting that Slo Joe and Kamala-lala would not have had the stones or the brains to pull this off. For that matter, I’m not sure George W. Bush or Richard Nixon would have.

President Trump did.

I admit that I’ve had my issues with Donald Trump. In fact, I recently expressed doubt that he would follow through on Iran. I’ve had other issues with him, as well.

But on balance I’ll take him over any of the alternatives. That – and this – is why I voted for him three times. God bless him.

Hurrah for the IDF, but does Iran already have a nuke in Tel Aviv?

This war has been distinctly one-sided so far. It’s been all Israel and no Iran.

But we won’t know for days or weeks how successful the Israeli Defense Forces were in their main objective of disabling Iran’s nuclear weapon program.

Israel says it intends to pound Iran for two weeks. If that pounding entails anything like the strikes yesterday which involved about 200 aircraft, and if Iran’s air defenses don’t improve (in fact, they are apt to deteriorate even more from the bombings) then Iran could be crippled for decades.

I’m all for it. But here are some known unknowns:

First, Iran might already have nukes. We think that’s not the case, but, as everyone now knows, that thought is only as good as our intel on the matter. When it comes to intel, remember Russiagate? Remember Hunter’s laptop? I’m betting that the Mossad has better intel operations than we do, but that bet is no sure thing.

Let’s assume the intel on Iran’s development of nukes is accurate – that they’re still weeks away from enriching uranium to bomb-level enrichment concentrations.

That doesn’t mean Iran doesn’t have a bomb. There are thousands of nukes in the world, held by bad guys that are friendly to Iran because Iran is hostile to the west. That includes North Korea, Russia, China, Pakistan and India on some days. Nothing would stop one or more of those bad guys from simply flying or trucking a nuke over to Tehran, especially if Iran paid them some real money to do so.

The explosion from a nuclear bomb is all out of proportion to its size. A bomb that fits in an ordinary truck – not even a semi – could easily take out Tel Aviv.

Ah, you say, but Iran lacks the hardware to mount this bomb-in-a-truck onto one of their thousands of ballistic missiles. So how would they deliver their bomb-in-a-truck to Tel Aviv?

In the truck.

The Ukrainians delivered truckloads of drones thousands of miles across Russia. Surely a single truck could be smuggled into Israel and parked in a storage unit in Tel Aviv.  

Nukes are most destructive if they are detonated a few hundred feet above the ground. So, this bomb-in-a-truck detonated in a storage facility in Tel Aviv would be only, say, 30% as destructive as it could have been if detonated a few hundred feet in the air.

It could still easily take out Tel Aviv.

Ever since I was an aerospace engineer for Boeing, I’ve been puzzled by the inordinate interest in bomb delivery vehicles. Cruise missiles can deliver a warhead across a thousand miles of complicated terrain by flying a few feet off the ground – under radar detection. That’s marvelous, I thought, but why don’t we just rent a U-Haul?

I assume (though I was never privy to such information even when I had a security clearance from Boeing) that we did indeed rent U-Hauls, and so did the Soviets. I assume that we had nukes tucked into strategic locations across the Soviet Union, and they similarly had nukes tucked into strategic locations across the U.S. I assume that Russia took over control of those nukes when the Soviet Union fell, as they took over the rest of the Soviet Union’s nukes. I assume that China, similarly, has nukes residing in the U.S.

It would be military malpractice not to. I’m afraid that the answer to the question I asked myself at Boeing – why don’t we just rent a U-Haul? – is, “Because Boeing doesn’t make U-Hauls.”

The million-dollar question is, does Iran have a nuke – or access to the detonator of a nuke – in Tel Aviv? We’ll probably know one way or another within days.

In a life prior to law school, Glenn Beaton was an aerospace engineer for Boeing.

Will it be on the watch of tough-talking Trump that Iran finally goes nuclear?

President Trump enjoys campaigning. The first campaign was in 2016 when he criticized the ill-advised deal that Obama had struck with Iran the year before.

Under that deal, Iran promised not to develop nukes – but only for a few years. Moreover, the inspection requirements were toothless, and Iran began violating them immediately by continuing its nuke program.

Trump rightly called that deal “a disaster” and “the worst deal ever” (which is saying quite a lot when it comes to deals made by Obama). After he was elected in 2016, Trump cancelled the deal.

And Iran continued its nuke program.

Trump’s second campaign was in 2020 when he promised that “as long as I am President of the United States, Iran will never be allowed to have a nuclear weapon.” Trump lost the election.

And Iran continued its nuke program.

Trump’s third campaign was in 2024 when he declared that if elected, he would exert “massive, maximum pressure” on Iran to end its nuclear program. He won that election.

And Iran continues its nuke program.

Trump’s “massive, maximum pressure” has not included new sanctions on Iran, even while the United States Senate is considering bipartisan bills to impose those sanctions whether Trump likes it or not.

Trump’s fourth campaign is ongoing as you read this. He seems unconcerned that there’s no election going on; campaigning is what he does. Tweets, anyone?

When it comes to Iran, his campaigning substitutes for governing. Tough talk substitutes for tough action – or even moderate action.

Even the tough talk gets watered down. A couple of weeks ago, Trump announced that he was “very close” to a new deal with Iran, as if he could close the gap with wishes and charm.

On Wall Street, stock traders evaluating the tariffs have an acronym. It’s “TACO,” which stands for Trump Always Chickens Out. In the face of a stock market rout, the tariffs Trump announced in April have quietly been withdrawn or at least re-drawn.

Note that Wall Street doesn’t say “TACO” as a political attack. They’re in the business of making money, not the business of politics. They say “TACO” in the same way they say, “Buy low, sell high.” It’s a truism.

Wall Street’s smart money has probably judged Trump correctly; being correct is why they’re on Wall Street while you and I are just on Main Street.

And so, we should expect a similar chickening out by Trump with respect to the Iranians. The Iranians themselves certainly do.

There will be a deal, alright. Trump will compromise to the point that it will be much the same as the 2015 deal that Obama struck. There will be promises by the Iranians, again, but no real teeth in the deal to enforce those promises, again. And there will be a zillion-dollar payment to the Iranians, again, which they’ll use to fund worldwide terrorism, again.

In short, the Iranians will get their nukes, and we’ll give them money to fund terror – and Trump will campaign on his success in striking a fake deal for them not to get their nukes.

Just like Obama.

In the big picture, western leaders have resigned themselves to a nuclear Iran. The fake deals are merely to mollify the masses. The leaders know that Iran will break the deals and get its nukes, and are already planning to say, “I’m shocked! They broke the deal!”

I’m not surprised that the Europeans act out this dishonest dance. Nor am I surprised that the Obama/Hillary/Biden crowd join in. But I expected something different from Trump – because he promised something different.

Ah, but there’s a wild card in this charade. It’s the Israelis. If the Ukrainians can take out a third of the strategic bomber fleet of Russia, imagine what the Israelis can do to the nuke program of Iran.

When it comes to the Jews saving the world, you know, there’s a precedent.