Skip to comments.Obama to offer debt relief to Egypt in Mideast speech (while putting US further in debt)
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 ...
We can’t pinch this turd off fast enough!
borrow $1 billion at 3% and loan it at 1%. At a lost of 2% per billion.
A billion dollars to Jordan as well. (Plus a whole crapload of wheat as a major flood drowns crops here)
“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?
“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
Do his speeches come with a laugh track?
Land of pharoah’s - though amazingly some part will turn, in the last days
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...
Please, someone cut his credit card in half.
“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!
WTF with this jerk!
While you’re in his wallet, slice up his race card too.
Thanks tobyhill. He’s going to recognize “Palestine”.
NYT LEAD THURSDAY: OBAMA PLANS SURPRISE IN MIDEAST SPEECH.. DEVELOPING... (nothing follows)
Maybe Dems will start seeing the writing on the wall....OBAMA IS A MUSLIM!!
He does seem bent on alienating more and more American voters, huh?
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....
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.
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?).
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?
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)
As usual, everywhere...the govt skimmers will get the lion’s share of that billion.
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.
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.
One huge arse delusional AnointedIdiot! =.=
Dates: Dates are key.........
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.
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)
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 peoples 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
“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 Edibs 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 “
“Al Qaeda releases posthumous bin Laden audio recording”
05/19/2011 | 09:16 AM (Cairo)
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.” 
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.
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...
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.
: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.
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.
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.
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.
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!
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!!!!