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IRAN's defeat at sea, coupled with grave setbacks in the land war with Iraq, persuaded Iranian leaders to seek improved relations with the West. The Ayatollah Khomeini agreed with Hashemi Rafsanjani, Speaker of the Iranian Parliament, on the need to pursue a new foreign policy that would defuse tensions in the Persian Gulf. As for the United States, its resolve in the gulf in 1987-88 improved its standing with allies, not only in the Middle East but also around the world.
Mitt was right--normal bankruptcy filing would have been the way to go in 2008. GM would have been much stronger now and all those pensioners and bond holders wouldn't have lost all their money. Instead we have Government Motors run and owned by the UAW. FED subsidies are still going on to sell the VOLT. Taxpayer will never get our money back!! Vote BO out in NOV
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