Chamber of Commerce Lobbies for Egypt Debt Forgiveness

Friday, February 10th, 2012 and is filed under Blog

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When the Chamber of big-government commerce is not pimping the massive federal highway bill, they are lobbying the State Department to forgive Egypt’s $2 billion debt to the U.S.

This, from CQ:

The U.S. Chamber of Commerce is launching an effort to revive negotiations on debt relief for Egypt, a high priority for Cairo, but the request could hardly have come at a tougher time.

The six-week standoff over Egypt’s raids on more than a dozen Western democracy-promotion organizations — including several American groups — has profoundly soured relations, and lawmakers are in no mood to help Cairo’s new leaders at the moment.

But Chamber officials insist that the United States needs to look at the country’s long-term prospects, and consider the risks that an economic collapse in Egypt would create for both the region and the international community. And the business group is pointing to a new study it commissioned from the Peter G. Peterson Institute, released Friday, that demonstrates how multilateral debt relief efforts could help put Cairo on firmer economic ground.

Let’s look at our own long-term prospects and stop sending money to nation’s that are saturated with Islamic terrorists.  It’s enough we bail out Obama’s corporate friends.  Do we need to bail out Obama’s Islamic cronies as well?