Wednesday, August 22, 2012

AP Won't tell you: IMF, Morsi, US Government Blocks Democracy To Help Allies Outside of Egypt

At the start of the Arab Spring, Obama said he supports the democratic aspirations of all people, and his administration clarified, especially Egypt.

The IMF is the crucial factor though, because it withholding money on the condition of how much the government in Egypt is going to change itself,  One can easily learn that "Aid packages from the EU, oil-rich Arab Gulf states and elsewhere are contingent on Egypt signing off on the IMF loan" whose governments everybody knows are not at all interested in helping the poor. Let's go back to how AP reports this:

Talks with IMF stalled over differences within the Egyptian leadership. Now that Morsi has taken office and the parliament has been dissolved, agreement might be easier to achieve.
The IMF demands a comprehensive Egyptian recovery plan addressing economic imbalances, protecting the poor and generating foreign investor confidence.
Even according to their own reporting, it's useful to mention that the Egyptian Parliament wanted to do all of that themselves, proposing to do a variety of internal actions while taking on a loan. The reason Egyptian democracy isn't important to the IMF is because they are interested in trying to make a 1.1% profit off of charity and are willing to dismantle democracy, while withholding aid to literally starving people on that condition

The AP summarizes this story by saying it's only the Egyptians who are hampered by and excess of pride.

Going back to US's stated policy, another peculiar phrase caught my eye there, "the commercial and strategic interests" are balanced against democracyThe US government's standard in other words is you can have democracy but only as long as your people there are willing to lick the boot.  Essentially, the IMF is no different. It is doing the same thing as the Obama administration did in relation to "democracy promoting" (political-rigging) institutions that receive our funding, which even by his own administrations standards, did not succeed.

The AP is really just terrible for not considering any of this. The IMF is about opening up markets, not protecting the poor -- that's just cover for their predation. I don't want to say Egypt needs it, I know they had water rationing before the revolution.

It's really up to Egyptians. They deserve their own say, not just because you aren't interested in the truth, but because that's what democracy means. 


And this is just a minor quibble, but why did you make it harder for me to read an older story?

You can see they are one day apart. But put them in your browser. You will get the same story-- today's story.Google them and you will see two separate headlines. 

The original story has been moved here.

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