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June 23, 2009, 1:43 am

Quote of the Day

You cannot make up for oil and gas exports with carpets and pistachio nuts.

[....]

Obama offers the regime a way out.

They may exercise their right to peaceful nuclear power, have sanctions lifted and receive security guarantees, if they can prove they have no nuclear weapons program and will cease subverting through their Hezbollah-Hamas proxies the peace process Obama is pursuing between Israel and Palestine.

If Iran refuses Obama’s offer, she will start down a road at the end of which are severe sanctions, escalation and a war that Obama does not want and Iran cannot want — for the winner will not be Iran.

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