Tuesday, September 4, 2012

Obama to Spend Billions to Bailout Muslim Brotherhood in Egypt

This is just unbelievable, Obama seems to want to throw billions at the Muslim Brotherhood government in Egypt ($1 billion in direct debt relief and support for a $4.8 billion aid package from the IMF, for which we are responsible for a significant portion), despite the fact that it has restricted civil liberties and moved decidedly in an anti-western direction in very quick fashion.  At some point you have to wonder whose side he is on when he does stuff like this:

U.S. officials have been in Cairo since last week hammering out the details of the debt relief package, which could approach $1 billion, a goal previously announced by the Obama administration. A final announcement is expected this month, according to a U.S. official speaking on the condition of anonymity because the agreement is not finalized.

and this:

Two weeks ago, Mr. Morsi, who took office in June, asked International Monetary Fund chief Christine Lagarde for $4.8 billion in low-interest loans. The request followed the long-awaited first installment of a $2 billion loan from the Gulf state of Qatar last month and a promise of $1 billion in direct aid from Saudi Arabia in May.

U.S. officials have spoken positively about the IMF loan, saying it would shore up confidence among international lenders and investors. "Just as importantly, it will provide a foundation for sustained growth and inclusive economic opportunity," said Robert Hormats, U.S. undersecretary of State for economic growth, in an address in Cairo over the weekend.

The Muslim Brotherhood must find it rather amusing that the west is looking to directly fund those who are only looking to advance its own downfall.

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