Business urges Obama resist Iran sanctions bill
Reuters
26-Jan-2010 (one comment)

U.S. business groups warned the White House on Tuesday that congressional plans to expand U.S. sanctions on Iran threaten to significantly undermine U.S. economic and security interests.

"The proposed sanctions would incite economic, diplomatic, and legal conflicts with U.S. allies and could frustrate joint action against Iran," the U.S. Chamber of Commerce and other business groups said in a letter to top White House officials.

Senate Majority Leader Harry Reid said earlier on Tuesday that he hoped the Senate would pass legislation within the next few weeks authorizing sanctions on companies that provide gasoline to Iran.

"The act will create new pressure on the Iranian regime to help stop Iran from acquiring a nuclear weapon," Reid said on the Senate floor. "I am reaching out to Republican colleagues to help me find a path to get that done in the next few weeks."

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Q

What's so "bad" about this?

by Q on Tue Jan 26, 2010 06:58 PM PST

They are right. They use code-words to appear "patriotic" but they are really just hurting in the market. For 30 years now, they lost the Iranian market to Russians, Chinese and Germans. It has done nothing to IRI. Now they are asked to lose even more business, not even to Iran, but to countries Iran trades with.

It's ridiculous, "feel good" BS with no real impact, and if anybody really cares about the US economy, they would vote against it.


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