Wednesday, May 27, 2026
Iran history
It was in November 1979, one year before the 1980 elections, when Iran took over the US embassy and held 52 Americans hostage for 444 days. The inflation rate was 15%, the unemployment rate 7.5% and the prime interest rate was 11%. A 30-year mortgage was 13% so the housing market was at a standstill. The price of oil tripled and gas prices doubled but the US stayed out of war because of the fear of harming the hostages. The US used economic sanctions against Iran and the day President Reagan was sworn into office Iran released the hostages. They did this to affect the outcome of a American election. Over the years since then, Iran has killed Americans a number times. Beirut Bombings in 1983, the Khobar Towers in 1996, the Iraq War 2003 and Proxy Attacks in 2023. Each time the US complained to the United Nations and issued sanctions. The threat of Iran getting a nuclear bomb held the world at bay for 40 plus years, until 2025 when the US with the help of Israel decided to take military action against Iran but many in America wanted to stay with diplomacy. Looking back with the benefit of hindsight, many feel that the take over of the embassy should have resulted in the US declaring war on Iran but it was always easier to push any military action down the road. After 9-11 polls showed the American people wanted to take military action against Afghanistan and the same was true after Pearle Harbor. Apparently, the US is only ready to retaliate when directly attacked.
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