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Obama to offer debt relief to Egypt in Mideast speech (while putting US further in debt)
reuters ^ | 5/18/2011 | By Jeff Mason

Posted on 05/18/2011 6:44:17 PM PDT by tobyhill

President Barack Obama will unveil an economic aid program for Egypt and Tunisia on Thursday as part of a broad effort to support democratic reform in the Middle East and North Africa, U.S. officials said.

Senior advisers to Obama, previewing parts of his speech, said Wednesday the United States would offer debt relief totaling roughly $1 billion "over a few years" to Egypt through a debt swap mechanism that would invest the money to boost youth employment and support entrepreneurs.

Washington would also loan or guarantee loans up to a total of $1 billion through the Overseas Private Investment Corp (OPIC) for Egypt to finance infrastructure development and boost jobs, the officials told reporters on a conference call.

(Excerpt) Read more at reuters.com ...


TOPICS: Extended News; Front Page News; News/Current Events
KEYWORDS: aid; checkbookdiplomacy; debtrelief; egypt; foreignaid; kenyanbornmuzzie; obamanation; tunisia

1 posted on 05/18/2011 6:44:19 PM PDT by tobyhill
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To: tobyhill

We can’t pinch this turd off fast enough!


2 posted on 05/18/2011 6:46:06 PM PDT by mylife (OPINIONS ~ $ 1.00 HALFBAKED ~ 50c)
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To: tobyhill
Wonderful - now we'll be making direct payments to the terrorists.

Lamh Foistenach Abu!
3 posted on 05/18/2011 6:46:35 PM PDT by ConorMacNessa (HM/2 USN, 3/5 Marines, RVN '69 - St. Michael the Archangel, defend us in battle!)
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To: tobyhill

borrow $1 billion at 3% and loan it at 1%. At a lost of 2% per billion.


4 posted on 05/18/2011 6:46:42 PM PDT by 4rcane
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To: tobyhill

A billion dollars to Jordan as well. (Plus a whole crapload of wheat as a major flood drowns crops here)


5 posted on 05/18/2011 6:49:25 PM PDT by cripplecreek (Remember the River Raisin! (look it up))
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To: tobyhill

“broad effort to support democratic reform in the Middle East and North Africa”

How can Islam have “democracy”? Democracy is a product of Western Civilization , the English language and has its own culture and infrastructure born out of law. Now we have Obama parroting them!

But then again, what should we expect from a MB supporter?


6 posted on 05/18/2011 6:50:57 PM PDT by himno hero ("armageddon is well seeded, America will pay"...Barrack Obama)
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To: tobyhill

“Of course, not all my conversations in immigrant communities follow this easy pattern. In the wake of 9/11, my meetings with Arab and Pakistani Americans, for example, have a more urgent quality, for the stories of detentions and FBI questioning and hard stares from neighbors have shaken their sense of security and belonging. They have been reminded that the history of immigration in this country has a dark underbelly; they need specific reassurances that their citizenship really means something, that America has learned the right lessons from the Japanese internments during World War II, and that I will stand with them should the political winds shift in an ugly direction.”

~Barack Hussein Obama


7 posted on 05/18/2011 6:50:57 PM PDT by 2ndDivisionVet (How do you starve an Obama supporter? Hide his food stamps under his work boots.)
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To: tobyhill

Do his speeches come with a laugh track?


8 posted on 05/18/2011 6:51:10 PM PDT by Flag_This (Real presidents don't bow.)
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To: tobyhill

Land of pharoah’s - though amazingly some part will turn, in the last days


9 posted on 05/18/2011 6:52:58 PM PDT by F15Eagle (1 John 5:4-5, 4:15, 5:13; John 3:17-18, 6:69, 11:25, 14:6, 20:31; Rom10:8-11; 1 Tim 2:5; Titus 3:4-5)
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To: tobyhill

Seriously? He can’t get any kind of agreement to curb spending in America. We have reached and exceeded our debt limit set by his Democratic Congress, the Democrats continue to promise nanny state entitlements forever and then demagogue against Conservatives that attempt to get spending under control. His party continuing to rob the public trust in order to gain power over its people and now this idiot faker in the White House has the cajones to increase to the tune of a Billion Dollars aid to countries that hate us.... yes this is certainly his WTF moment...


10 posted on 05/18/2011 7:04:35 PM PDT by Typical_Whitey (Only an ignorant American would vote for a Liberal.)
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To: tobyhill

Please, someone cut his credit card in half.


11 posted on 05/18/2011 7:11:23 PM PDT by JimmyMc
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To: tobyhill

“Washington would also loan or guarantee loans up to a total of $1 billion through the Overseas Private Investment Corp (OPIC)”

Well..reuters..which is it...a direct loan(which is probably against the OPIC charter) or ‘loan guarantees’(which sounds like the failed Fannie and Freddie fiasco). Either way it sucks..but would it be too hard for you reporters to actually do a little research or questioning of this latest theft of the American taxpayer?

Just the facts please!


12 posted on 05/18/2011 7:15:27 PM PDT by penelopesire (Let The Congressional Hearings Begin!)
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To: Flag_This

Really!

WTF with this jerk!


13 posted on 05/18/2011 7:16:09 PM PDT by Recovering Ex-hippie (where is the Great Santini when we need him??)
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To: JimmyMc

While you’re in his wallet, slice up his race card too.


14 posted on 05/18/2011 7:16:40 PM PDT by RockinRight (Yes We Cain!)
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To: AdmSmith; AnonymousConservative; Berosus; bigheadfred; ColdOne; Convert from ECUSA; Delacon; ...

Thanks tobyhill. He’s going to recognize “Palestine”.

NYT LEAD THURSDAY: OBAMA PLANS SURPRISE IN MIDEAST SPEECH.. DEVELOPING... (nothing follows)
http://www.freerepublic.com/focus/news/2721882/posts


15 posted on 05/18/2011 7:17:18 PM PDT by SunkenCiv (Thanks Cincinna for this link -- http://www.friendsofitamar.org)
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To: tobyhill
Both Muslim countries!!!

Maybe Dems will start seeing the writing on the wall....OBAMA IS A MUSLIM!!

16 posted on 05/18/2011 7:18:27 PM PDT by Sacajaweau
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To: tobyhill

He does seem bent on alienating more and more American voters, huh?


17 posted on 05/18/2011 7:19:32 PM PDT by Ted Grant
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To: himno hero
How can Islam have “democracy”? Democracy is a product of Western Civilization , the English language and has its own culture and infrastructure born out of law.

I would refer you to Japan, South Korea, India, South Africa, etc. as examples of non-western nations that have successfully adopted democracy (all with the help of the west).

I have argued before on this site that I believe it is our moral duty to do everything we can to encourage and assist people the world over - including in Islamic countries - to achieve democracy and freedom from tyranny. I have no idea whether BO's plan is a good one since I haven't heard what it is, but I do believe that to dismiss billions of people as unfit for democracy is un-American. We are still the shining city on the hill, and in our great fortune we have a responsibility to assist those who are still under the yoke of tyranny - whether that be governmental or religious tyranny.
18 posted on 05/18/2011 7:22:44 PM PDT by LonelyCon
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To: tobyhill

Yeah....and I just heard they released a last tape from Osama praising the uprisings in Egypt....so, I guess we know for sure whose side Obama is on....


19 posted on 05/18/2011 7:37:48 PM PDT by goodnesswins (Unlike the West, the Islamic world is serious.)
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To: goodnesswins

And to boot, they are killing Coptic Catholics who protected the rebels in prayer during the so-called protests for democracy. What a miserable muslim weasel we have for POTUS.


20 posted on 05/18/2011 8:02:52 PM PDT by famousdayandyear (On the 18th of April 75 hardly a man is now alive who remembers)
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To: tobyhill

What can we expect - his “brethren” - AKA - the Muslim Brotherhood now rule that country, so why not give them debt relief (who’s giving the US similar relief?).


21 posted on 05/18/2011 8:07:14 PM PDT by TheBattman (They exchanged the truth about God for a lie and worshiped and served the creature...)
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To: tobyhill

Let me get this straight, we borrow money from the Chinese and we give it away. Is it just me or does this sound like a bad idea?


22 posted on 05/18/2011 8:26:17 PM PDT by killermosquito (Buffalo, Detroit (and eventually France) is what you get when liberalism runs its course.)
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To: tobyhill
Muzzie a$$hole!

______________________________________

Vote for Scotty McCreery on American Idol TONIGHT.

Make the Libs heads explode!

(The 17 year old singing sensation made the unforgivable mistake of kissing the cross he wears around his neck and singing a song mentioning Jesus. Libs are flaming him all over the net)

23 posted on 05/18/2011 8:28:29 PM PDT by patriot08 (TEXAS GAL- born and bred and proud of it!)
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To: tobyhill

As usual, everywhere...the govt skimmers will get the lion’s share of that billion.


24 posted on 05/18/2011 8:49:34 PM PDT by 668 - Neighbor of the Beast (America is in dire distress and nobody is lifting a finger except to strike the keyboard.)
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To: RockinRight

It is like he has a deck of cards, and all 52 are the race card. And now that the 2012 campaign has started, he is faking his support for our military.
I wish I could wave a magic wand and remove peoples’ blinders. I’m afraid that unless (god forbid) someting bad happens, or something from his past comes up and gets MSM attention, he going to win in 2012.


25 posted on 05/18/2011 8:54:53 PM PDT by JimmyMc
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To: LonelyCon

Islam, unlike Japan, Korea, India, has sharia which is it’s own all encompassing political ideology that has NO room for any other system. Sharia is supreme.

For them to adopt what we call democracy? Islam would have to fold and that ain’t gonna happen.


26 posted on 05/18/2011 9:17:00 PM PDT by himno hero ("armageddon is well seeded, America will pay"...Barrack Obama)
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To: tobyhill

One huge arse delusional AnointedIdiot! =.=


27 posted on 05/18/2011 9:21:35 PM PDT by cranked
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To: tobyhill

Dates: Dates are key.........


May 19 1919 Mustafa Kemal Ataturk lands at Samsun in Turkey and begins organizing nationalist forces to oppose the sultanate & the Allied occupation

On the morning of May 19th, an Egyptian air and artillery bombardment began (Box 1 in Map #1). The water tower was hit, and all the water lost, as it was perforated by numerous bullet holes. Cows and other animals were hit and broke loose and fled. Fuel supplies and hay ricks caught fire.

http://zionism-israel.com/dic/Yad_Mordechai_battle.htm

Battle of Yad Mordechai - May 19-24 - About 110 poorly armed defenders of this kibbutz in southern Israel, reinforced at different times by a Palmach platoon and two squads, held off a major and concerted Egyptian attack for five days with two battalions, tanks, artillery and air attacks. Yad Mordechai fell on May 24 and the inhabitants fled. (see Battle of Yad Mordechai)

http://www.zionism-israel.com/dic/War_of_Independence.htm

Ottomans.....”On May 5 Mustafa Kemal was appointed inspector general of the 9th Army, and he landed with his chosen staff of fifteen officers and two cipher clerks at Samsun on May 19 and began organizing resistance. Kemal was also in charge of the civil service in the region. In Amasya he met with Rauf Orbay, Ali Fuat Cebesoy, and Refet Bele, and on June 21 they signed the Amasya Protocol that was also accepted by Kazim Karabekir. This call for a national movement was based on the realization that the Istanbul government could not be responsible and that national independence was in danger. They proposed a national committee free of external control to review the situation and make known the people’s desire for justice. They decided to hold a National Congress at Sivas and invited three representatives from each province. This subject was to be kept secret. On June 23 the British government complained to Istanbul, and Mustafa Kemal resigned his commission. Kemal met with a Bolshevik delegation led by Col. Semen Budenny, who provided arms to stem the Armenian expansion in the Caucasus, but Kemal postponed accepting Communist ideology”

Warsaw Ghetto Uprising
(April 19-May 19, 1943)
by Mitchell Bard
http://www.jewishvirtuallibrary.org/jsource/Holocaust/uprising1.html

Death of TE Lawrence
http://en.wikipedia.org/wiki/T._E._Lawrence
http://www.history.com/this-day-in-history/lawrence-of-arabia-dies

“In 1912 Halide Edib wrote The New Turan (Yeni Turan) about the Pan-Turkish movement. During the Great War she inspected schools in Damascus, Beirut, and Mount Lebanon. She headed a large orphanage of mostly Armenian children, and Cemal ordered her to give them Muslim names despite her concern it would cause a reaction. At meetings of the Committee for Union and Progress (CUP) she met the family doctor Adnan Adivar, and they were married in 1917. She became famous with her bold speech at Sultanahmet Square on May 19, 1919 during the occupation of Izmir. She escaped the British attempt to send her to Malta in 1920, and she went with her husband Adnan to Anatolia to fight in the War of Independence. In 1926 she was accused of treason and escaped with her husband to Europe. They did not return to Turkey until after President Mustafa Kemal died in November 1938. Halide Edib’s autobiography was published in English in two volumes as Memoirs in 1926 and The Turkish Ordeal in 1928. She traveled and lectured, teaching at Barnard College in 1931. Gandhi invited her to India in 1935, and she taught in New Delhi. In 1939 she became a professor of English “
http://www.san.beck.org/16-2-OttomanFall%26Turkey.html

“Al Qaeda releases posthumous bin Laden audio recording”
05/19/2011 | 09:16 AM (Cairo)
http://www.gmanews.tv/story/221004/world/al-qaeda-releases-posthumous-bin-laden-audio-recording

May 19th Communist Organization

Main article: May 19th Communist Organization

The May 19 Coalition (also variously referred to as the May 19 Communist Coalition, May 19 Communist Organization, and various alternatives of M19CO), was a US-based, self-described revolutionary organization formed by members of the Weather Underground Organization. The group was originally known as the New York chapter of the Prairie Fire Organizing Committee (PFOC), an organization devoted to legally promoting the causes of the Weather Underground. This was part of Prairie Fire Manifesto change in Weather Underground Organization strategy, which demanded both aboveground mass and clandestine organizations. The role of the clandestine organization would be to build the “consciousness of action” and prepare the way for the development of a people’s militia. Concurrently, the role of the mass movement (i.e., above ground Prairie Fire Collective) would include support for, and encouragement of, armed action. Such an alliance would, according to Weather, “help create the ‘sea’ for the guerrillas to swim in.” [13]
http://en.wikipedia.org/wiki/Domestic_terrorism_in_the_United_States


28 posted on 05/18/2011 9:57:55 PM PDT by combat_boots (The Lion of Judah cometh. Hallelujah. Gloria Patri, Filio et Spiritui Sancto.)
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To: combat_boots

1848 - Mexico gives Texas to US, ending the waroo

1848 - Mexico gives Texas to US, ending the war

1879, near noon, New England experience near total darkness that remains unexplained.
http://www.historyorb.com/events/may/19


29 posted on 05/18/2011 10:20:29 PM PDT by combat_boots (The Lion of Judah cometh. Hallelujah. Gloria Patri, Filio et Spiritui Sancto.)
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To: tobyhill

Why are we still loaning money to people who hate us?

Obama can call the Saudi’s and tell them to take care of this problem...


30 posted on 05/18/2011 10:39:54 PM PDT by Beaten Valve
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To: tobyhill

not sure egypt was ever expected to actually pay this anyway. debt relief of debt that was understood to be unpayble seems to be a way of getting a 2/1 benefit when you give some client state money.


31 posted on 05/18/2011 10:59:00 PM PDT by WoofDog123
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To: tobyhill
someone needs to waterboard this commie. then drown him, Pelosi, OwlGored, Rosie ODont all of Hama/Al Fatah, poison all Talebah, screw Phakistan, bomb the right countries and Reid,, and Ayers, and Wright and all the czars, democrats, anyone who actually voted for him and still wants the mark of the beast.

:Hey YO SHOUT OUT TO OBURKHA, UM HOWS THAT KINETIC HUMANITARIAN war GOING FOR YA IN LIBYA...KILLED ENOUGH LATELY?

And just who will get the billion and how much aid will be snuck through tunnels to Hamas?

please bomb the flotillas, pray the USS Cesar Chavez doesn't float, hope to God our pres__ent gets a clue for if he's a two-termer, class warfare will create a civil war( powder dry??)

Borrowing from commies to give to sharia law cultic murderers killing Christians( he makes certain MSM never reports via Soros) and America can't find enough potatos to eat

Golf and play basketball everyday, party with the whiney cop haters( he's oneaka the Mexican speech in LA) beer summit, and off we go watching him ORDER Israel to return to the 1967 lines like he has a clue. He's a little mini me Hitler in his own way.

32 posted on 05/19/2011 12:52:56 AM PDT by Karliner (Now this is not the end. .... But it is, perhaps, the end of the beginning, Churchill 1942)
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To: tobyhill

The ME is getting ready to explode and they are NOT going to be friendly to us no matter how much money we give them. The libs will complain about our defense budget while they fund our enemies defense.

Afghanistan and Iraq are just the tip of the iceberg! Wait and see. The ME is getting ready to explode and we will be sucked in so deep, maybe then the sheeple will realize what this fight is all about.


33 posted on 05/19/2011 5:27:28 AM PDT by panthermom (Pray for my son in Aghanistan and all the troops!)
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To: panthermom

Can’t this man be stopped? Really. It’s past time to do something.

Taking money we don’t have ...giving it away to enemies, only to put US on the hook for it. He’s truly mad.

We have stories today about shortages of electrolytes, which are live saving to critically ill patients, stories of municipalities selling off properties to make up for budget shortfalls, ...yet we’re going to give billions away to armed rebel wackos carrying uzis, with Israel as their next stop.

I think MY head is going to explode.


34 posted on 05/19/2011 6:57:13 AM PDT by LibsRJerks
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To: 4rcane

Assuming we ever get anything paid back at that 1% interest rate. I wouldn’t hold my breath. But we WILL be paying back that loan at 3% - you can bet on it.


35 posted on 05/19/2011 7:00:42 AM PDT by allmendream (Tea Party did not send the GOP to D.C. to negotiate the terms of our surrender to socialism.)
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To: Beaten Valve

Its not us. Its the muslim in the White House making America pay for his caliphate. The Libyan war? For whatever reason, he stands in the way of that caliphate and is taking the brunt of American forces.

Worst part is Al Qaeda is now our new ally in the war.

Welcome to the new muslim America!


36 posted on 05/19/2011 8:22:11 AM PDT by himno hero ("armageddon is well seeded, America will pay"...Barrack Obama)
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To: LibsRJerks

He is an outright DISASTER!!! We have states devastated by Floods, Fire and Tornadoes and he is giving aid to countries that will turn around and stab us in the back in a second........this is traitorous!!!!


37 posted on 05/19/2011 9:19:50 AM PDT by panthermom (Pray for my son in Aghanistan and all the troops!)
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