William Katz: Urgent Agenda
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EGYPT UPDATE – AT 8:53 A.M. ET: After a few calming days, the Egyptian situation has become chaotic and confusing once more. The Mubarak government is holding on, possibly even strengthening its position, as strikes and demonstrations start to spread again. It was widely reported that Saudi Arabia has warned the United States against throwing Mubarak under the bus that's parked outside the White House – an extension bus by now – and has reportedly said that it would make up any foreign aid that the U.S. cuts from Egypt. While the Saudi regime is pretty despicable, stability in Saudi Arabia is critical to the world's oil supply and energy prices. From The New York Times:
COMMENT: We didn't have a clear route for how this will end on the first day of the demonstrations, and we don't have a clear route now. The U.S. has stepped up its public demands for the regime to bend to the will of "the people," whoever the people are, but American influence seems minimal, now that the Saudis have pledged to write the foreign-aid checks if we won't. Also, Mr. Obama doesn't exactly project strength and determination, and there is a price to be paid. February 10, 2011 |
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