Iran Continued

As we said last week, the election results remain unchanged and Ahmajinedad remains in power backed by the mullahs. Some cracks have appeared in the system but nothing significant for the short-medium term. Long term is a different story, however it will be a very long time before any kind of democratic system replaces the theocratic system. The Republican Guard Corps, much stronger now after the Gulf War, is standing by to protect the regime. It has not been used yet since the "green revolution" threat has not been all that significant. Lots of noise and theater for the media who like demonstrations and insist on calling them revolutions when they are not. And of course Obama's response was muted because he did not want to call attention to the U.S. role but everyone knows that the U.S. and U.K. intelligence services contributed some mischief to create the disturbances. He still wants to sit down and talk to them even though Ahmajinedad blasted us, the U.K. and Saudi Arabia again today.