Alan Zendell, August 24, 2026
To say Treasury Secretary Scott Bessent’s declaration of a D-Day-like attack on Iran’s economy fell flat is a gross understatement. The metaphor is absurd on its face, and should horrify anyone who believes this administration has a shred of credibility. First and most obvious, the entire world is aware that Trump either didn’t do his homework or completely ignored his advisors before initiating his war with Iran. I’m not sure which explanation would be worse, though I have to wonder what goes through Joint Chief Chairman Dan Caine’s mind when he briefs the president.
Perhaps he simply took a lesson from his predecessor, Mark Milley. Milley was never shy about calling out the president’s lies and wrong-headed policies, like the hard-to-forget scene on Constitution Avenue in Washington when Trump faced off against a Black Lives Matter rally with an upside down bible threatening to deploy the Army. For demonstrating integrity and a commitment to truth and country, Milley was fired. I hoped that a highly decorated officer like General Caine would show similar integrity, but apparently, he’s more interested in keeping his job.
Bessent is a pretty smart guy. He has to realize that after surviving years of “maximum economic sanctions” and months of bombing its military and civilian infrastructure, there is little reason to believe that more economic pressure will cause the Iranian regime to collapse. Unless a lot of behind the scenes negotiating with allies who no longer trust us has resulted in a secret agreement to all pile on to wreck Iran’s economy, which I can’t imagine happened, Bessent’s remarks were as empty as Trump’s social media threats.
In the end, Bessent had to resort to threatening our allies along with the rest of the world that if they did anything to help Iran survive, they would pay a heavy price. Really? What price? The Trump administration has become a multi-headed paper tiger that few people take seriously. Every country that receives a television signal from a satellite is aware that Trump is floundering in unpopularity at home, much like George W. Bush did approaching the 2006 midterm elections. They can smell Trump’s desperation and see his power diminishing every day. Do they really think a statement like Bessent’s will convince anyone, or is it simply a Hail Mary that keeps Bessent in Trump’s delusional good graces?
The comparison with D-Day may be the worst fumble of all. Trump has caused the military to become dangerously short of high tech munitions and weakened our strategic outposts around the world, and it’s clear to everyone that he knows initiating a ground war will lose him his majorities in Congress, and likely get him impeached and removed from office. The idea that another round of sanctions is remotely like the invasion of Normandy that cost over 2,000 American lives is laughable and offensive. It’s nothing more than a last ditch gambit of a failed president.
If the massive sanctions Bessent implied without offering any details actually do prove to be effective in forcing Iran’s Revolutionary Guard to negotiate, that will simply underline the futility and stupidity of the war. If the geniuses in Trump’s administration believed additional sanctions would work, what possible justification was there for Trump to allow Israeli Prime Minister Benjamin Netanyahu and his chief war cheerleader, Pete Hegseth, to drag him into a unwinnable war? If these new sanctions actually work, which most unbiased commentators doubt, it will make the eighteen deaths of American service people, the more than 600 injured, and the billions of dollars in resources destroyed by Iran’s counterattacks on American bases look like a criminal act.
If you don’t believe this was nothing more than another Trump tantrum, look at the stock market. If the billionaires who control our markets believed Bessent’s threat would work, the markets would have boomed today, but they barely reacted at all. One reason that’s true is that the last thing anyone including many Republicans in Congress wanted approaching the election was a new trade war with Canada. Another is that whatever economic pressure we put on Iran can easily be countered by China, which has been enabling Iran’s emboldened responses since the war began.
With Chinese President Xi scheduled to meet with Trump in Washington in September, Trump’s latest move will likely result in Xi delivering the kind of message that Trump gave Volodymyr Zelensky in the Oval Office. Trump has so weakened both our military and our economy that behind closed doors, the masterful Xi will very likely tell Trump he doesn’t have the cards to take on either China or Iran.
To make matters worse, Canadian Prime Minister Mark Carney delivered a calm address today, outlining just how dependent the United States is on Canada. Without the natural gas and rare earth minerals Canada sends us, we would be in serious trouble. Carney said, in his quiet unemotional way, that he doubted the United States wanted Canada to turn off the spigot on those things. So far, Trump has had nothing to say in response.