17 May 2016

Oh Snap!

Despite a veto threat from the Obama administration, the Senate passed a bill allowing 911 victims to sue them for their ties to the terrorists:
A bill that would let the families of those killed in the Sept. 11 attacks sue Saudi Arabia for any role in the terrorist plot passed the Senate unanimously on Tuesday, bringing Congress closer to a showdown with the White House, which has threatened to veto the legislation.

The Senate’s passage of the bill, which will now be taken up in the House, is another sign of escalating tensions in a relationship between the United States and Saudi Arabia that once received little scrutiny from lawmakers.

Administration officials have lobbied against the bill, a view that the White House spokesman Josh Earnest reiterated after the vote. And the Saudi government has warned that if the legislation passes, it might begin selling off up to $750 billion in Treasury securities and other assets in the United States before they face a danger of being frozen by American courts. Adel al-Jubeir, the Saudi foreign minister, delivered the warning to lawmakers and the administration while in Washington in March.
The House of Saud is claiming that if this passes, they will dump their Treasuries on the market, which will cause the dollar to tumble.

So the dollar falls, making imports more expensive, and our exports more expensive.

This would have the effect of reinforcing our manufacturing economy and improving our balance of trade.*
The Senate bill carves out an exception to the [1976] law [which grants immunity to foreign governments] if foreign countries are found culpable for terrorist attacks that kill American citizens within the United States. If the bill were to pass both houses and be signed by the president, it could clear a path for the role of the Saudi government to be examined in the Sept. 11 suits.


Mr. Schumer said he believed that Democrats would override a veto from Mr. Obama. ………
So, if the House follows suit, and Obama vetoes the bill, this is going be a major sh%$ storm, and it's going to jam up the Democrats something fierce.

It plays into one of Trump's narratives, and it's a very popular idea among the American public.

What's more, Republicans would love to override an Obama veto.

The simple solution would be for Obama not to veto the bill, but because the foreign policy establishment continues to view the House of Saud to be an invaluable ally, as opposed to the medieval terrorism supporters that they actually are, so the ever establishment Obama will follow through on his veto.

*Only please, Brer Fox, please don't throw me into the briar patch.


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