For the Speaker of the House to own stock in such a company is a particular outrage. She should immediately sell her stock and call on all other members of Congress who hold stock in the company to do likewise.
Only if we send a signal to these companies that their associations with Iran and other terrorist states comes at a huge price can we dissuade them from continued involvement. But if there is a massive selloff of their stock, company executives will feel the pinch in their salaries and bonuses.
Iran is in serious economic trouble. Yesterday, it announced that it would have to ration gasoline — this in a nation with the second largest proven oil reserves. But it can’t get at its oil resources without massive foreign investment. As a result, government revenues from the energy industry have dropped from $55 billion in 2006 to a projected $44 billion in 2007. In a nation where 70 percent of the labor force is employed by the government, the costs in social instability of budget cuts militated by declining energy revenues could be formidable.
Under such pressure, Iran may well have to curb its nuclear ambitions or face the prospect of overthrow by an enraged population.
Mrs. Pelosi: Do your part!
Dick Morris and Eileen McGann
Dick Morris, a former political adviser to Sen. Trent Lott (R-Miss.) and President Bill Clinton, is the author of
2010: Take Back America. To get all of Dick Morris’s and Eileen McGann’s columns for free by email, go to
www.dickmorris.com