Sequester brings things to a halt here in the United States, even closes towers at airports, but john (I served in Vietnam) kerry can bribe Egypt with $250 million??
[typography font="Ubuntu Condensed" size="22" size_format="px"]Kerry Announces $250 Million in U.S. Aid for Egypt[/typography]
RIYADH, Saudi Arabia — Secretary of State John Kerry announced Sunday that the United States would provide $250 million in assistance to Egypt after Egypt’s president promised to move ahead with negotiations with the International Monetary Fund over economic reforms.
In a statement issued after his two-hour meeting with President Mohamed Morsi, Mr. Kerry said the aid decision reflected Egypt’s “extreme needs” and Mr. Morsi’s assurance that Egypt would reach an agreement with the I.M.F. after more than a year of talks over a $4.8 billion loan package.
The statement issued by Mr. Kerry noted that he and Mr. Morsi had discussed the need to ensure the fairness of Egypt’s coming elections, but it did not mention any specific political commitments the Egyptian president had made to receive the aid.
‘Fairness’? They don’t give a shit, john. They’ll make poop jokes about you and your clueless boss as soon as you get on the plane.
From the C.I.A. Factbook:
Occupying the northeast corner of the African continent, Egypt is bisected by the highly fertile Nile valley, where most economic activity takes place. Egypt’s economy was highly centralized during the rule of former President Gamal Abdel NASSER but opened up considerably under former Presidents Anwar EL-SADAT and Mohamed Hosni MUBARAK. Cairo from 2004 to 2008 aggressively pursued economic reforms to attract foreign investment and facilitate GDP growth. Despite the relatively high levels of economic growth in recent years, living conditions for the average Egyptian remained poor and contributed to public discontent. After unrest erupted in January 2011, the Egyptian Government backtracked on economic reforms, drastically increasing social spending to address public dissatisfaction, but political uncertainty at the same time caused economic growth to slow significantly, reducing the government’s revenues. Tourism, manufacturing, and construction were among the hardest hit sectors of the Egyptian economy, and economic growth is likely to remain slow during the next several years. The government drew down foreign exchange reserves by more than 50% in 2011 and 2012 to support the Egyptian pound and the dearth of foreign financial assistance – as a result of unsuccessful negotiations with the International Monetary Fund over a multi-billion dollar loan agreement which have dragged on more than 20 months – could precipitate fiscal and balance of payments crises in 2013.
Politics suck and I’m fast becoming an isolationist.