Tuesday, December 25, 2012

Egypt Credit Rating Cut to Junk

What revolution has wrought in Egypt: Islamism, anarchy, and a downgrading of the country's credit rating to junk level, like Greece and Pakistan. Read more.

The Obama administration's emboldening of and alliance with the Muslim Brotherhood--a clerical fascist menace--and betrayal and abandonment of Egyptian President Hosni Mubarak can only be compared with the catastrophic Carter administration's craven complicity in the ouster of Iran's pro-Western, modernizing monarch, Shah Mohammed Reza Pahlavi.