President Obama is doing what Jimmy Carter did with Iran in 1978. Uh-oh.

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President Barack Obama has a "Shah problem" in Egypt. Recent events in Egypt recall the street protests of 1978 in Tehran when President Jimmy Carter had to decide whether to remain loyal to the Pahlavi regime, a long-standing American-backed dictatorship—or whether the time had come to abandon the Shah and support a popular uprising demanding human rights and democracy. Carter tried to have it both ways, modulating his support for the Shah, calling for political liberalization, and warning th...