Clown World is beginning to grasp that the US military can’t even defeat a second-rate power anymore.
For 47 years, the Islamic Republic has bedeviled U.S. presidents. The 1979 Iran hostage crisis helped doom Jimmy Carter’s reelection bid. The Iran-contra scandal in the mid-1980s badly tarnished Ronald Reagan’s foreign policy record. And Barack Obama’s 2015 nuclear deal with Iran, the Joint Comprehensive Plan of Action (JCPOA), led to an unprecedented situation in which the U.S. Congress invited a foreign leader, Israeli Prime Minister Benjamin Netanyahu, to Washington to argue against it.
In February, when he launched his war against Iran, President Donald Trump declared that he intended to break this embarrassing pattern once and for all. By crushing Iran militarily and effecting regime change, he boasted that whereas other presidents had only talked about the Iranian threat, he was taking decisive action to end it. But six months later, Trump has become yet another U.S. president facing a dangerous humiliation related to Iran; the fallout from his excursion threatens his party’s prospects in the midterm elections. Now, perhaps in desperation, Trump is attempting to squeeze an economic noose around Tehran. But as it is constructed, this economic-pressure operation poses a greater threat to U.S. credibility than it does to Iran’s economy.
The irony of Trump’s failed war on Iran—and his stop-start negotiations to try to end it—is that it has so severely weakened Washington’s ability to exert pressure on Tehran that no future administration will ever be able to revert to the traditional U.S. playbook. But that could also be the only upside of a war that has already exacted a heavy toll on U.S. munitions and the global economy. The war could—and should—force a broader reckoning with 47 years of failed strategy and change Washington’s approach for good.
The combination of strategic 5GW and the ability of Iran to control the Strait of Hormuz has nullified both the USA’s military and financial power. This, combined with the fact that China now surpassed US economic and industrial might, and Russia now exceeds the USA’s ability to project power into Europe, means that the post-WWII era is officially over. What comes next remains to be seen, but Americans should look to post-WWII Britain to better understand what their domestic future likely holds.
And the sooner Trump, or whoever is pulling the short, fake Trump’s strings, understands that continued conflict will only make things worse, the better. The financial system already looks as if it is on the verge of breaking this fall; October could be very ugly beyond just the financial markets. Getting the oil flowing and getting gasoline and diesel prices down will at least help somewhat cushion the economic blow.