Monday, March 4, 2013
Obama floods Islamist Egypt with American money
The United States is bankrupt, but Barack Hussein Obama sees no problem funding the Muslim Brotherhood
Comrade Secretary of State John Kerry on Sunday rewarded Egypt for Islamist President Mohammed Morsi's pledges of political and economic reforms (sometime in the future) by releasing $250 million in American aid to support the country's "future as a democracy."
Egypt is trying to meet conditions to close on a $4.8 billion loan package from the International Monetary Fund. An agreement would unlock more of the $1 billion in U.S. assistance promised by Comrade Barack Obama last year and set to begin flowing with Kerry's announcement reports the Associated Press.
"The United States can and wants to do more," Kerry said. "Reaching an agreement with the IMF will require further effort on the part of the Egyptian government and broad support for reform by all Egyptians."
"When Egypt takes the difficult steps to strengthen its economy and build political unity and justice, we will work with our Congress at home on additional support."
Kerry cited Egypt's "extreme needs" and Morsi's "assurances that he plans to complete the IMF process" when he told the president that the U.S. would provide $190 million of a long-term $450 million pledge "in a good-faith effort to spur reform and help the Egyptian people at this difficult time."
The release of the rest of the $450 million and the other $550 million tranche of the $1 billion that Obama announced will be tied to successful reforms, officials said.
Separately, the top U.S. diplomat announced $60 million for a new fund for "direct support of key engines of democratic change," including Egypt's entrepreneurs and its young people. Kerry held out the prospect of U.S. assistance to this fund climbing to $300 million over time.