Mubarak is a son of bytch, but he is our son of bytch

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From "Where is Osama Bin laden " a simple video explaining the American policy in the Middle east
The Mubarak trust fund, now in extra-large?| |




Josh Rogin from Foreign Policy published an important report this week on what we've dubbed the Mubarak trust fund. The U.S. Congress already approved a $50 million endowment for the Egyptian government, essentially a pot of money the Mubarak regime can use however it wants.

But Mubarak wants more, according to Rogin -- eighty times more. [The State Department] was preparing to enter into negotiations with Egypt over Cairo's proposal for a new $4 billion aid endowment... the State Department is still evaluating the proposal, but advocates of the endowment approach say that by setting American economic aid to Egypt for the next 10 years, the United States could build cooperation with the Egyptian government, show long-term U.S. commitment to helping the Egyptian people, and help Egypt develop key sectors of its civic infrastructure.

Rogin posted a copy of the full Egyptian proposal (pdf), which calls for a fund "not related to conditionalities."
Mubarak, in the hospital, on the phone

The Obama administration, to its credit, does not seem interested in handing Mubarak a $4 billion blank check. The State Department's offered $1 billion in a counter-proposal, and the money would come with a degree of U.S. oversight and "performance indicators" to gauge whether the money is actually helping the Egyptian economy.

But those provisions are vague, and the counter-offer still fulfills one of Egypt's central key demands: It doesn't include any "conditionalities," like requiring the Egyptian government to lift the emergency laws.

Scott Carpenter from the Washington Institute for Near East Policy calls the whole thing "stunningly deferential" to Mubarak (h/t POMED).

And he raises a question that's been on my mind, too: Why would the U.S. Congress go along with a scheme that undermines its own power of the purse? For its part, Congress has played been unusually quiet on this scheme, so far raising few red flags on a plan that would, effectively, emasculate its oversight role regarding U.S. aid to Egypt.

As Carpenter notes, this fund is unlikely to do much to help the Egyptian people. $4 billion amounts to roughly $50 per person -- and since this is a long-term endowment, spending will be spread over five or ten years. It's a paltry sum that will do little to address Egypt's endemic poverty and crumbling infrastructure.

So it's really a lose-lose situation for Washington: The trust fund offers a symbolic boost for Mubarak -- it's hard to interpret this as anything but an endorsement of his regime -- without achieving any strategic goals in Egypt.

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[marozico1]

if qatar and uae and ksa stops giving you oil youd been riding your friend to work

[StuntStadium]

@laurayounai since changes are pending right now, things will be different so please, out your head back up a donkeys ass where it came from no one wants to hear your opinion

[truflip99]

0:29

[truflip99]

0:34

[egyrab88]

hahahaha at last wa are free

[TheRockZH]

The fact of the matter is Mubarak came to power because Muslims murdered the peaceul Egyptian president Anwar Sadat. Islam brings misery, mayhem, violence, terror all over the world.

/watch?v=-nVcI2dy4ik

[AlbanischerMuslim]

thats true Mubarak Ben ali King Abulah and all the tyrans in teh islamic cunrtys are sob´s

[Gabriano83]

@Hunkola As long we are happy with rule it doesn't matter,if we like an islamic theocracy it's our own bussiness,if we like a communist government,it's our own bussiness,if it's a royal rule,it's our own business...

The US goverment has got to keep off other people's businesses,for example,the Saudis are happy with the Royal family like the British do,but USA views the rule as an oopresive and authortian rule,well...that's aint NONE of their business,right?

[Lazerus53]

we wonder why people hate us, what about principle and doing whats right. Maybe its time to reconsider our foreign policy, its not working

[polygamous1]

@Hunkola u really think demogracy will be allowed in egypt? no chance demogracy will mean no more exploitation by multinationals, the us may give egypt $2Billion not to spend for improving the country they have to buy mostly absolete military hardware in return the egyptian elite get richer n so does the us elite with their moltunationals that are given a free access to the egyptian markets for so many years we were told Mubarak was a moderate n we all knoiw what that means all politics r dirty

[Hunkola]

@ramston303 --- As long as Egypt is headed towards a true democracy and not a Muslim theocracy.......a theocracy will be worse than Mubarak