"Protesters that helped bring down the old government adopted the slogan: “Bread, freedom and social justice!” So when Mohammed Morsi came to power in June on promises of economic and political reform, as well as and help for the poorest, many thought their lot would improve. But instead of getting better, the economy has stagnated, the country’s currency lost much of its value and inflation bumped up food prices. While the government subsidizes basic types of bread, other staples are becoming more expensive: Kidney bean prices grew by nearly 24 percent in the year to March, onions were up 12 percent, and tomatoes 10.1 percent, according to Egypt Independent newspaper." NBC News
Happy days on the Nile!
The hated dictator is gone. No? well, no matter he is back on trial and he can be tried however many times required to achieve an execution.
The Egyptian ecomonmy is usually invisible in part. This results from a total lack of civic mindednaess on the part of many Egyptians when it come to things like paying taxes and doing business "transparently." I used to do business in Egypt and I have some idea of what I write, but this level of negative "progress" is unusual.
We are still subsidizing Egypt? Why?
Mursi is loading up his cabinet with yet more Islamists of the various "tribes." He seeks to "reform" the judiciary to make it more compatible with his notions of Islamicness. Tourism has gone down the drain from foreign fear of violence. Foreign investment is a nearly forgotten mempry of the bad old days of semi-secular government.
What happened to the Mursi that we were assured, was basically an American living in Egypt? Why is the US propping this man up? Do we think he is our friend? Surely not even the naif Kerry thinks that. What? He does? Oh, sorry? pl