Economic analyst Steve Rattner broke out his charts on Thursday’s “Morning Joe” to show how President Donald Trump’s negotiated temporary agreement with Iran is “clearly worse for Americans” than the deal brokered by former President Barack Obama.

While the countries have not yet reached a final agreement, instead working under a memorandum of understanding, the Trump administration has already lifted sanctions on Iran’s oil during the 60-day negotiating period, which is, as Rattner pointed out, “not something Obama did” during talks for the 2015 Joint Comprehensive Plan of Action.

Rattner said the data shows that during this two-month window, Iran could bring in an estimated $6 billion in oil revenue. But that’s not all. The U.S. has also agreed to unfreeze $12 billion of Iranian assets during the same period. “So, $18 billion they get just for signing the MOU, so to speak,” the former Treasury official said.

If a final deal is reached after those 60 days, Iran would receive an additional $66 billion in frozen assets over roughly the next two years and take in an estimated $66 billion in additional oil revenue. The preliminary agreement also includes a $300 billion reconstruction fund for Iran. (Questions remain about where that money would come from.)

Rattner said that when you add it all up, the $117 billion in total relief for Iran provided by the JCPOA — which included a $1.7 billion settlement made to resolve a long-standing dispute over a failed 1979 arms deal — pales in comparison with the $450 billion Tehran could receive as a result of the Trump agreement.

You can watch Rattner’s full analysis in the clip at the top of the page.

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