I’m guessing that President Obama, despite his roots in Kenya and Indonesia, has never negotiated for a carpet or anything else in a Middle Eastern bazaar. If his negotiations with Iran are any indication, he is the kind of innocent abroad who pays $100,000 for a carpet that’s worth $100.

Already his talks with Iran have been characterized by American concession after American concession. Talks that started with the express goal of dismantling the Iranian nuclear program and exporting their stockpile of enriched uranium are ending up with the program wholly intact and the enriched uranium still in Iran, albeit in a diluted form. All that Iran has to do is to promise not to enrich too much uranium or weaponize for the next decade or so and in return the world will, in essence, apply its seal of approval to the Iranian nuclear program.

But that still isn’t enough for the rapacious mullahs. Among other conditions, they are demanding that sanctions be lifted the minute the agreement gets signed. Obama has been insisting that the U.S. would lift sanctions only in stages, as Iranian compliance is verified. But on Friday Obama signaled that he is willing to make preemptive concessions on this issue so as to ensure that a deal gets done by his artificial deadline of the end of June.

According to the Wall Street Journal, Iran could receive from $30 billion to $50 billion in frozen oil money as soon as it signs a deal, out of a total of $100 billion to $140 billion currently held in frozen offshore accounts. That’s a massive bribe to sign on the dotted line.

And that’s just what Obama is saying in mid-April. Imagine what will happen after the Iranian negotiators inform Secretary of State Kerry that $50 billion isn’t enough–oh and, they will add (as they have already done), they shouldn’t have to make a full accounting of their previous nuclear-weapons work, they shouldn’t have to allow inspectors unfettered access, and they shouldn’t have to export any enriched uranium. Think Obama will hold the line? Hardly. This is only the beginning of the complete cave-in that the White House is prepared to make in order to get a deal, any deal, the details be damned.

To justify his premature concessions, Obama claims that the amount of money that the Iranians will receive upon signing the deal won’t matter–even if $50 billion is more than enough to turbo-charge the Iranian power-grab across the region. “Our main concern here is making sure that if Iran doesn’t abide by its agreement that we don’t have to jump through a whole bunch of hoops in order to reinstate sanctions,” the president said at a news conference.

This is a reference to Obama’s vaunted “snap back” ideas for reimposing sanctions if the Iranians don’t meet their obligations. But only a credulous sixth-grader could imagine that in the event that there is some evidence of Iranian cheating (and the evidence inevitably will be murky, incomplete, and subject to debate) that countries such as France and Germany, which are eager to do business with Tehran, much less countries such as China and Russia, which are not only cozy with Tehran but hostile to Western interests in general, will agree to reimpose sanctions.

Obama’s comments on Friday, and the Journal leak that accompanied them, are further evidence of how the Iranians are taking the president to the cleaners–or more accurately to the bazaar. At this rate he will be lucky to leave the negotiations with the clothes on his back.

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