Dubowitz is the executive director of Foundation for Defense of Democracies (FDD). He detailed a US Treasury Department plan that permits the use of US dollars to facilitate global business transactions with Iran, describing it as a "bait and switch which ignores a long-standing administration commitment not to green-light Iran's access to the greenback. This is above and beyond what is required by the nuclear deal," Dubowitz said.
The Associated Press reports that "Several restrictions would apply, but such a license would reverse a ban that has been in place for several years and one the administration had vowed to maintain while defending last year's nuclear deal to skeptical U.S. lawmakers and the public."
In other words, if Iran wants to mess with our dollar, they might gain the ability to jury-rig the system to do so.
Sen Marco Rubio (R-FL) along with Sen. Mark Kirk (R-IL) documented Treasury Department assurances that it would not allow Iran any access, direct or indirect, to our banking system as part of the nuclear deal.
In their letter to Secretary of the Treasury Jack Lew they wrote:
Senior officials in the Treasury Department have repeatedly assured Congress that the Administration will not allow Iran direct or indirect access to the U.S. financial system, and we believe this prohibition to be prudent in light of the Iranian regime's continued state sponsorship of terrorism, threatening ballistic missile activities, and egregious violations of human rights. In testimony before the Senate Foreign Relations Committee on July 23, 2015, you said: "Iranian banks will not be able to clear U.S. dollars through New York, hold correspondent account relationships with U.S. financial institutions, or enter into financing arrangements with U.S. banks." And in testimony before the Senate Committee on Banking, Housing and Union Affairs on September 17, 2015, Acting Under Secretary of the Treasury Adam Szubin assured lawmakers that "no Iranian banks can access the U.S. financial system; not to open an account, not to purchase a security, and not even to execute a dollarized transaction where a split seconds worth of business is done in a New York clearing bank."By allowing Iran to have access to our banking system in any way would severely limit the U.S. ability to impose new sanctions on Iran if and when they break the nuclear agreement, which, of course, they will. This is both Dubowitz and Annie Fixler, a policy analyst at FDD saying that.
When Obama refuses to call out Islamic terrorism for what it is, and refers to Islamic State not as ISIS but as ISIL, that should tell us where his heart lies, and it certainly isn't with Christians nor Israel.
When the national disgrace to the Navy uniform, State Department spokesman John Kirby, was questioned about the new sanctions relief during a Monday presser, he declined to answer and referred the question to the Treasury Department.
So not only is this administration the worst when it comes to making "deals," it is the worst in protecting its citizens against countries who very clearly wish "death to America."