From National Review. (H/T ECM)

Excerpt:

In Iran, the self-declared nuclear regime announced that it was now enriching uranium to 20 percent. When President Obama took office, the Islamic Republic had 400 centrifuges enriching up to 3.5 percent. A year later, it has 8,000 centrifuges enriching to 20 percent. The CIA director, Leon Panetta, now cautiously concedes that Iran’s nuclear ambitions may have a military purpose. Which is odd, because the lavishly funded geniuses behind America’s National Intelligence Estimate told us only two years ago that Tehran had ended its nuclear weapons program in 2003. Is that estimate no longer operative? And, if so, could we taxpayers get a refund?

[…]On the other hand, when it comes to “keeping you safe” from real threats, such as a millenarian theocracy that claims universal jurisdiction, America and its allies do nothing. There aren’t going to be any sanctions, because China and Russia don’t want them. That means military action, which would have to be done without U.N. backing — which, as Greg Sheridan of the Australian puts it, “would be foreign to every instinct of the Obama administration.” Indeed. Nonetheless, Washington is (all together now) “losing patience” with the mullahs. The New York Daily News reports the latest get-tough move: “Secretary of State Clinton dared Iran on Monday to let her hold a town-hall meeting in Tehran.”

[…]It is now certain that Tehran will get its nukes, and very soon. This is the biggest abdication of responsibility by the Western powers since the 1930s. It is far worse than Pakistan going nuclear, which, after all, was just another thing the CIA failed to see coming. In this case, the slow-motion nuclearization conducted in full view and through years of tortuous diplomatic charades and endlessly rescheduled looming deadlines is not just a victory for Iran but a decisive defeat for the United States. It confirms the Islamo-Sino-Russo-everybody-else diagnosis of Washington as a hollow superpower that no longer has the will or sense of purpose to enforce the global order.

The rest of the article talks about what a nuclear-weapon-empowered Iran will mean for Europe and the world.