This was Reuel Marc Gerecht a month ago:
America's unilateral efforts, particularly its use of the international financial system to block Iran's access to dollars and credit, have proved more successful than many thought possible. But without greater international support, they probably won't force Tehran to moderate its behavior. The Europeans, who are among Iran's largest trading partners, must agree to biting measures—something these states, which are as addicted to noncoercive diplomacy as they are to commerce, seem unlikely to do. In the meantime, the diplomatic process over Iran's nukes will crawl forward or stagnate but is unlikely to lead to war.
Now here's Steve Clemmons today:
Bush is aware that America's intelligence on Iran is weak. Even without admitting America's blind spots on Iraq, the intelligence failures on Iraq's WMD program create a formidable credibility hurdle.
Bush knows that the American military is stretched and that bombing Iran would not be a casual exercise. Reprisals in the Gulf toward U.S. forces and Iran's ability to cut off supply lines to the 160,000 U.S. troops currently deployed in Iraq could seriously endanger the entire American military.
Bush can also see China and Russia waiting in the wings, not to promote conflict but to take advantage of self-destructive missteps that the United States takes that would give them more leverage over and control of global energy flows. Iran has the third-largest undeveloped oil reserves in the world and the second-largest undeveloped natural gas reserves.
Bush also knows that Iran controls "the temperature" of the terror networks it runs. Bombing Iran would blow the control gauge off, and Iran's terror networks could mobilize throughout the Middle East, Afghanistan and even the United States.
Call it the Iraq Syndrome.
And the fact that the Pentagon has isolated 20,000 military targets inside Iran is only alarming if one forgets NORAD and the cold war.
RELATED: Why We Won't Bomb Iran (Part I) [Shvitz]