Introduces Leon Panetta and questions the need for $200B in supplemental funding if the war is described as short-term.
Bloomberg Host
Leon Panetta
Explains the $200B is to replenish depleted munitions from attacking 7,000 targets and to build future supplies. Notes Congress will scrutinize the war's status and duration.
Asks if the conflict is closer to the end or the beginning, given Netanyahu's call for ground troops and the President's declaration of victory.
Bloomberg Host
Leon Panetta
States the President is between a rock and a hard place. Initial intelligence suggested a short war, but the regime is now more entrenched. Military gains have been made, but a ceasefire is impossible while Iran keeps the Strait of Hormuz closed.
Asks if the U.S. can reopen the strait without ground troops.
Bloomberg Host
Leon Panetta
Outlines the massive military operation required: securing a 50-mile zone on each side of the strait and 100 miles deep into Iran, constant air surveillance, a no-fly zone, and Aegis destroyers. Boots on the ground may be needed initially.
Asks about the scale of troops needed for such an operation.
Bloomberg Host
Leon Panetta
Confirms it requires a tremendous amount of air surveillance and targeting, and a total no-fly zone.
Leon Panetta
Explicitly links the Strait's closure to oil prices and economic damage: 'You know what the price of oil is... If that continues, it's gonna not only damage our economy, it'll damage the world economy.'
Asks Panetta to assess the administration's messaging on the economic consequences of the conflict.
Bloomberg Host
Leon Panetta
Criticizes the administration, stating the burden of high fuel prices is a real bread-and-butter issue for Americans. The President needs a clear plan to end the war, not just promises it will be short.