Don't You Kinda Wish You Were Brazen Enough to Spin Reality This Hard?

Here is Doug Feith's equally noxious offspring arguing that sanctions against Iran aren't having the desired effect:

Yes, the Iranian rial has lost half its value in 12 months. Oil exports are down by about half, too. And Tehran admits that inflation is above 20%, with unemployment above 13%. Yet this isn't an economy in freefall. The volume of oil exports is stabilizing, and the government has an estimated $60 billion to $100 billion in foreign currency reserves.

In case you were wondering what "Chutzpah" means, wonder no more.