This is a first: the US is about to designate the Iranian Revolutionary Guard, a military unit that operates outside of the rest of Iran's military establishment, as a "global terrorist" organization. This would be for such actions as supplying arms to terrorists in Iraq and Afghanistan.
The move would be the first such designation of a foreign government entity and would cut the designees off from the U.S. financial system and freeze assets that it, its members or subsidiaries have in U.S. jurisdictions. It would also allow the Treasury to move against firms subject to U.S. law that transact with the group.
It remains unclear when the step will be formally announced but officials said it has been weighed for months as the United States has lost patience with Iran amid charges the guard corps is supplying weapons to Shiite insurgents in Iraq and the Taliban in Afghanistan and as international efforts to shut down the Iranian nuclear program have bogged down.
The designation will mean that Rice has found that the Revolutionary Guard Corps “has committed, or poses a significant risk of committing, acts of terrorism that threaten the security of U.S. nationals or the national security, foreign policy, or economy of the United States,” according to the executive order.
My thoughts? It's about time. and it brings us that much closer to the Iranian regime itself. In my dreams, it's the first step toward answering the war that Iran started against the US back in 1979.