Street violence has pitted various groups against each other—anarchists against Islamist, policemen against protestor, men against women—and has left scores dead throughout the country. The economy is hemorrhaging with reserves incapable of securing foreign investment. Egypt’s currency tumbles to record lows. The international community has little confidence that Egypt’s new rulers can make peace between the country’s feuding factions.
A $4.8 billion IMF loan has been put on hold. Pending Morsi’s stabilizing the political situation. The loan requires a host of reforms, slashing subsidies for fuel and household staples. Much of Egypt’s technocratic class is in exile or in jail, charged, often spuriously with corruption under the old regime. Iran’s Ahmadinejad promised to extend Egypt a line of credit during his visit to Cairo, the first by an Iranian leader since 1979.
To be sure the ruling regimes of the two countries share an abiding hatred of Israel, but the more important issue for both right now is the civil war in Syria. Iran has put Morsi in an awkward position by continuing to send arms to Hamas through the Sinai. As much as Morsi may want to join Hamas’s war against Israel, he can’t lest he forfeit American and European backing. The Muslim brotherhood political base is waiting in the shadows to take power since its 1928 founding, turns out to be incapable even of governing Egypt.
It came to rule Egypt simply because everyone else—from the secularists and liberals who kicked off the revolution to the military—was that much more incompetent. The brotherhood plots to won the hearts and minds of the world’s billion-plus Muslim comports. Under Morsi’s stewardship, the Muslim brotherhood model has been shown to produce poverty, hunger, instability and violent internal conflict
After the White House demanded Mubarak step down, has yet to tailor a policy suited to the changed circumstances. Egypt is no longer a pillar of regional stability but must itself be stabilized.
Rand Paul wants to ban the sales of F16’s, tanks, and weapons to a country whose rulers allow a mob to overrun the US embassy and threaten our diplomats.
Since the signing of the Camp David accords in 1978, Egypt has been a cornerstone of the US in the Middle East. Washington showed what prizes were in store for any Arab power that chose to make peace with Israel. Morsi threatens to undo this arrangement. Anti-Semitic remarks made by the Egyptian government is it looking for a way out of the peace treaty. Egypt’s defense minister, spoke with outgoing secretary of defense Panetta and affirmed Egypt’s commitment to the 1978 treaty?
If the government cannot ensure stability the military will take over. But the last two years have shown that the military does not want to run Egypt and may be incapable of it. A Muslim country against Christians. The regime and its security services against its won people, urban against rural, secularists against Islamist, Muslim brotherhood against salafists. Egyptians don’t like Jews and they don’t much like each other either. Anti-Semitism has therefore functioned something like an escape valve and blaming Israel and or the USA for everything wrong with Egypt was the most practical way to keep Egyptians from each other’s throats. The opposition believes that Morsi has too much power and the brotherhood believes that the opposition just wants to seize on the streets the power it couldn’t earn at the polls.
Source—weekly standard. Lee smith