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Daily Archives: July 1, 2013

Economic Statistics for 01 Jul 13

Here are today’s statistics on the state of the economy:

The PMI Manufacturing Index slipped to 51.9 in June from 52.3 in May.

The ISM Manufacturing Index rose nearly two points in June to 50.9, which moves the index back into growth territory.

Construction spending rose 0.5% in May, which put it up 5.4% on a year-over-year basis.

The Gallup US Consumer Spending Measure was unchanged in May, with Gallup estimating that consumers spent an average $90 per day.

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Dale Franks
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Springtime in Egypt, or “how’s that ‘smart diplomacy’ working out for you?

You remember the US position when the supposed “Arab Spring” began in Egypt – Mubarak had to go and the Muslim Brotherhood was not a radical organization, but a benign one which had trasformed itself over the years.  And their candidate for president would bring democracy to an oppressed people and make Egypt an even better ally of the US.

Yeah, right.  If that passes for “smart diplomacy”, then I’d hate to see dumb diplomacy (although, in this context, “smart diplomacy” seems rather Orwellian, doesn’t it?).

So now where are we?  Well certainly nowhere near where we’d like to be.   And, in terms of the best interests of the US, Mubarak looks pretty good right now.  Meanwhile Obama and Anne Patterson, the US Ambassador to Egypt are about as popular in that country as Paula Deen at an NAACP convention.

The demonstrators maintain Morsi has become a power-hungry autocrat who is intent on making the Muslim Brotherhood Egypt’s permanent ruling party.

They also blame the Obama administration and U.S. Ambassador to Egypt Anne Patterson for propping up Morsi and facilitating the Muslim Brotherhood’s power grab.

“We are very critical of the Obama administration because they have been supporting the Brotherhood like no one has ever supported them,” Shadi Al Ghazali Harb, a 24-year-old member of Egypt’s Revolutionary Youth Coalition, told the Washington Free Beacon on Friday afternoon during a telephone interview from Cairo.

The White House is “the main supporter of the Brotherhood,” he said. “If it wasn’t for the American support this president would have fallen months ago.”

Al Ghazali Harb specifically dubbed Patterson “the first enemy of the revolution,” claiming “she is hated even more than Morsi.”

Activists hung pictures of Patterson with a red “X” drawn across her face at Egypt’s Defense Ministry during smaller protests Friday afternoon.

“She’s done a lot to harm our relations with the United States,” Al Ghazali Harb said.

Oh.  But … we’re the good guys, right?

Well it all depends on your perspective, doesn’t it?  Mubarak was bad but Morsi is worse and the coalition that opposed Mubarak now oppose Morsi.  But what they know without anyone having to have anyone spell it out is the US went to some lengths to back the Muslim Brotherhood in Egypt.  And now that faction has become as bad if not worse than what it replaced.

I don’t believe the opposition coalition is much better organized than it was when Egyptians were trying to oust Mubarak.  But there is no question, given the huge numbers of protesters, that they’re not happy with Morsi or the Brotherhood.

They’ve discovered what we were telling you from the beginning – the Muslim Brotherhood is a radical, Islamist organization with marked totalitarian tendencies.  That argument is over.  The debate now is whether or not they can hold onto power in Egypt.  If I were a betting man, I’d be taking the protesters and give points.

Meanwhile, our rudderless foreign policy boat continues to drift without direction with Swiftboat Kerry and Lead From The Rear Admiral Obama at the helm.

~McQ