Six weeks ago, President Bush signed a secret finding authorizing a covert offensive against the Iranian regime that, according to those familiar with its contents, is “unprecedented in its scope.”

Bush’s secret directive covers actions across a huge geographic area — from Lebanon to Afghanistan — but is also far more sweeping in the type of actions permitted under its guidelines — up to and including the assassination of targeted officials.  This widened scope clears the way, for example, for full support for the military arm of Mujahedin-eKhalq, the cultish Iranian opposition group, despite its enduring position on the State Department’s list of terrorist groups.

Similarly, covert funds can now flow without restriction to Jundullah, or “Army of God,” the militant Sunni group in Iranian Baluchistan — just across the Afghan border — whose leader was featured not long ago on Dan Rather Reports cutting his brother in law’s throat.

  Other elements that will benefit from U.S. largesse and advice include Iranian Kurdish nationalists, as well the Ahwazi Arabs of southwest Iran.  Further afield, operations against Iran’s Hizbullah allies in Lebanon will be stepped up, along with efforts to destabilize the Syrian regime.

  All this costs money, which in turn must be authorized by Congress, or at least a by few witting members of the intelligence committees.  That has not proved a problem.  An initial outlay of $300 million to finance implementation of the finding has been swiftly approved with bipartisan support, apparently regardless of the unpopularity of the current war and the perilous condition of the U.S. economy.

Until recently, the administration faced a serious obstacle to action against Iran in the form of Centcom commander Admiral William Fallon, who made no secret of his contempt for official determination to take us to war.  In a widely publicized incident last January, Iranian patrol boats approached a U.S. ship in what the Pentagon described as a “taunting” manner. According to Centcom staff officers, the American commander on the spot was about to open fire. At that point, the U.S. was close to war.   He desisted only when Fallon personally and explicitly ordered him not to shoot.  The White House, according to the staff officers, was “absolutely furious” with Fallon for defusing the incident.

Fallon has since departed.  His abrupt resignation in early March followed the publication of his unvarnished views on our policy of confrontation with Iran, something that is unlikely to happen to his replacement, George Bush’s favorite general, David Petraeus.

Though Petraeus is not due to take formal command at Centcom until late summer,  there are abundant signs that something may happen before then.  A Marine amphibious force, originally due to leave San Diego for the Persian Gulf in mid June, has had its sailing date abruptly moved up to May 4.  A scheduled meeting in Europe between French diplomats acting as intermediaries for the U.S. and Iranian representatives has been abruptly canceled in the last two weeks.  Petraeus is said to be at work on a master briefing for congress to demonstrate conclusively that the Iranians are the source of our current troubles in Iraq, thanks to their support for the Shi’a militia currently under attack by U.S. forces in Baghdad. 

Interestingly, despite the bellicose complaints, Petraeus has made little effort to seal the Iran-Iraq border, and in any case two thirds of U.S. casualties still come from Sunni insurgents.  “The Shi’a account for less than one third,” a recently returned member of the command staff in Baghdad familiar with the relevant intelligence  told me, “but if you want a war you have to sell it.”

Even without the covert initiatives described above, the huge and growing armada currently on station in the Gulf is an impressive symbol of American power.

Armed might of U.S. marred by begging to Arabs

Sometime in the next two weeks, fleet radar operators may notice a blip on their screens that represents something rather more profound: America’s growing financial weakness. The blip will be former Treasury Secretary Robert Rubin’s plane commencing its descent into Abu Dhabi.  Rubin’s responsibility these days is to help keep Citigroup afloat despite a balance sheet still waterlogged, despite frantic bail out efforts by the Federal Reserve and others, by staggering losses in mortgage bonds.  The Abu Dhabi Sovereign Wealth Fund injected $7.5 billion last November (albeit at a sub-prime interest rate of eleven percent,) but the bank’s urgent need for fresh capital persists, and Abu Dhabi is where the money is.

Even if those radar operators pay no attention to Mr. Rubin’s flight, and the ironic contrast it illustrates between American military power and financial weakness, others will, and not just in Tehran.  There’s not much a finding can do about that.

Andrew Cockburn is a regular CounterPunch contributor. He lives in Washington DC. His most recent book is “Rumsfeld: His Rise, Fall and Catastrophic Legacy.”