Sunday, February 13, 2011

No Longer in Denial

Hosni Mubarak has acceded to the wishes of 80 million of his countrymen, or "children", as he calls them, and taken up residence in Sharm El Sheikh, where the $40 to $70 billion he looted during the past three decades should keep him comfortable  for the foreseeable future. At the lower number, he paid himself, annually, 2500 times as much as the President of the United States. He was accumulating wealth almost at the same rate as Bernie Madow, and with only slightly more ethical slippage. If his job performance was that stellar, you'd think his fellow Egyptians would have had fewer complaints.

Egypt has stood up and nominated herself for great nation status. By the nature of her revolution she seems to have earned it.  Let's hope that by this time next year the deal will be consummated. Like America, success will be measured in jobs created. It's rumored that unlike America, Egypt will not provide tax incentives to businessmen for creating employment in low-wage countries.

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