Obama's Vision For Middle East- Full Video
Lawmakers Resist Obama's Call To Offer $2B In Loan Assistance To Egypt -- FOX News
President Obama's call for $2 billion in loan assistance to Egypt has left many political figures scratching their heads as they try to figure out why a debt-ridden U.S. would commit that much money to a country whose new government may not end up friendly to America.
In Thursday's sweeping address on the uprisings in the Middle East and North Africa, the president said he wants the U.S. to forgive roughly $1 billion in debt owed by Egypt and to provide another $1 billion in loan guarantees to free up money for job-creation efforts there.
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My Comment: I commented yesterday that providing aid to an Egyptian government that may turn out to be hostile to the U.S. is a waste of money and resources that should be put elsewhere. Let us hope that those in Congress who are voicing their opposition to this aid request will stick to their principles. On a side note .... the country that should be providing aid to Egypt is this one.
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