PS: Hundreds of millions = billions. via My Way News – Clinton to Egypt’s Morsi: Find way out of crisis.
CAIRO (AP) – U.S. Secretary of State Hillary Rodham Clinton used her first meeting with Egypt’s new Islamist president to press Mohammed Morsi to start a dialogue with military leaders as a way of preserving the country’s transition to democracy.
Clinton voiced support for the “full transition” to civilian rule at a time when Morsi’s backers are in a political standoff with the generals who have ruled since President Hosni Mubarak was ousted last year.
Resolving the impasse “requires dialogue and compromise, real politics,” Clinton said. She said the United States is doing all it can to “support the democratically elected government and to help make it a success in delivering results for the people of Egypt.”
The meeting at the presidential palace kicked off a series of high-level sessions aimed at stabilizing Egypt’s fledgling democracy and its alliance with the United States, once rock-solid but now increasingly shaky.
“Things change (at) kind of warp speed,” Clinton told Morsi as they began their meeting.
Clinton and Morsi didn’t shake hands, at least when they first appeared before reporters – a subject of much speculation because of Morsi’s Muslim faith. But the president shook hands with Clinton and the entire U.S. delegation behind closed doors, according to a U.S. official.
In her discussions with Morsi, Clinton emphasized the need for Egypt to adhere to its 1979 peace treaty with Israel, while also seeking continued counterterrorism cooperation and offering U.S. support to help Cairo regain control of the increasingly lawless Sinai Peninsula – a major security concern for Israel.
For Egypt’s sake, Clinton pledged hundreds of millions of dollars in debt relief, private investment capital and job creation funds – money the Obama administration has outlined previously. She told Morsi she would send a large business delegation to Cairo in September to strengthen U.S.-Egyptian economic ties.
Clinton held discussions later Saturday with Amr. She was to meet Sunday with the head of the military council, Field Marshal Hussein Tantawi, before visiting the port city of Alexandria to meet with leading women, the Coptic Christian community and young entrepreneurs. She then was to head on to Israel.
A large and vocal crowd massed outside the hotel where Clinton was to stay in Cairo, chanting and carrying anti-American signs.
Her stop in the Mideast comes after a weeklong trip to Asia, where she courted investments and sought democratic reforms from governments long seen as closer to China than the U.S.
Morsi has vowed to free terror sheik jailed in U.S. for ’93 WTC bombing. And he is also Hamas’ representative.
Warp speed? Flashback: Clinton has a history of aiding and laughing it up with Muslim terrorists.
As we’ve reported multiple times [State Dept training Islamic political parties in Egypt – seeking $2B] but doesn’t seem to be newsworthy, Obama has been promising BILLIONS of your tax dollars to the Muslim Brotherhood.
Obama announced economic incentives aimed at steering a region roiling in violence toward democratic change that lasts, though some would require congressional approval that might prove difficult to obtain.
Among the elements of his approach:
– The canceling of roughly $1 billion in debt for Egypt. The intention is that money freed from that debt obligation would be swapped toward investments in priority sectors of the Egyptian economy, likely to focus on entrepreneurship and employment for younger people. Unemployment rates are soaring in Egypt and across the region.
– The guaranteeing of up to $1 billion in borrowing for Egypt through the Overseas Private Investment Corporation, a U.S. government institution that mobilizes private capital.
Update: It’s been reported that upwards of 70% of Egyptians don’t want American intervention or aid. We agree. They pelted Clinton’s car with tomatoes and insults.