Obama Prepares Huge Bailout for Muslim Brotherhood in Egypt
The Obama administration is close to finalizing a massive $1-billion bailout for the increasingly totalitarian Muslim Brotherhood regime ruling over Egypt, according to U.S. government officials cited in news reports. The move is already drawing fierce criticism from opponents arguing that bailing out the new Islamist ruler, who is already working to bolster Egyptian ties with the communist Chinese dictatorship while becoming increasingly despotic at home, would be a mistake on multiple levels.
In addition to forgiving the $1 billion in Egyptian government debt, almost a third of its total burden, the administration is also working with the International Monetary Fund (IMF) â€” largely funded by American taxpayers â€” to secure a $5-billion loan for the regime. On top of that, U.S. officials are in the process of creating multiple funds and programs worth almost $500 million to help politically...
Isaiah 36 6 "Behold, you rely on the staff of this crushed reed, even on Egypt; on which if a man leans, it will go into his hand and pierce it. So is Pharaoh king of Egypt to all who rely on him.---NASB
Now substitute U.S. for Egypt in the above verse and President for Pharaoh, in the above, the Israelis have been warned. In spite of all the gushing words from both U.S. and Israeli writers probably the best and only President that Israel could have depended on was Truman.
Anyway, for the rosy picture, U.S. - Israeli relations -- index Read "Roots of the U.S.-Israel Relationship," which I have and it's just oozing with good feelings. Oh, of course that blog I mentioned earlier -- isn't.