As I write, President Barack Obama is addressing the annual policy conference of the American Israel Public Affairs Committee (AIPAC). (I had planned cover it live, but AIPAC denied me credentials for reasons its press people decline to share with me.)
Given tensions with Iran and the rhetoric of the Republican presidential primary campaign, the importance of this speech as both a piece of diplomacy and one of political position really can’t be overstated. “Already, there is too much loose talk of war,” the president just said. “Over the last few weeks, such talk has only benefited the Iranian government, by driving up the price of oil, which they depend upon to fund their nuclear program.”
Here’s an excerpt from the prepared text:
Let’s begin with a basic truth that you all understand: no Israeli government can tolerate a nuclear weapon in the hands of a regime that denies the Holocaust, threatens to wipe Israel off the map, and sponsors terrorist groups committed to Israel’s destruction. And so I understand the profound historical obligation that weighs on the shoulders of Bibi Netanyahu, Ehud Barak, and all of Israel’s leaders.
[…]
We all prefer to resolve this issue diplomatically. Having said that, Iran’s leaders should have no doubt about the resolve of the United States, just as they should not doubt Israel’s sovereign right to make its own decisions about what is required to meet its security needs. I have said that when it comes to preventing Iran from obtaining a nuclear weapon, I will take no options off the table, and I mean what I say. That includes all elements of American power. A political effort aimed at isolating Iran; a diplomatic effort to sustain our coalition and ensure that the Iranian program is monitored; an economic effort to impose crippling sanctions; and, yes, a military effort to be prepared for any contingency.
[…]
Moving forward, I would ask that we all remember the weightiness of these issues; the stakes involved for Israel, for America, and for the world. Already, there is too much loose talk of war. Over the last few weeks, such talk has only benefited the Iranian government, by driving up the price of oil, which they depend upon to fund their nuclear program. For the sake of Israel’s security, America’s security, and the peace and security of the world, now is not the time for bluster; now is the time to let our increased pressure sink in, and to sustain the broad international coalition that we have built. Now is the time to heed that timeless advice from Teddy Roosevelt: speak softly, but carry a big stick. As we do, rest assured that the Iranian government will know our resolve, and that our coordination with Israel will continue.
UPDATE: Politico has posted the full text online, here. C-SPAN has the video here.