The Obama administration embarrassed itself yesterday, backing away from sanctions on Iran for its ballistic missile program (as Rick Moran predicted here yesterday). Behaving like an abused spouse, the White House repeatedly delayed implementing sanctions that had previously been scheduled to take effect, and offered no timeline for implementation. Jay Solomon reports in the Wall Street Journal: The White House on Wednesday morning sent a notification to Congress that the Treasury Department would announce at 10:30 a.m. new sanctions on nearly a dozen companies and individuals in Iran, Hong Kong and the United Arab Emirates for their alleged role in developing Iran’s ballistic missile program. The sanctions would have been the first imposed on Iran since the nuclear agreement was reached last July in Vienna. The White House then sent a second email to congressional offices at 11:12 a.m. stating the sanctions announcement had been “delayed for a few...(Read Full Post)