Monday, April 29, 2019

But what is it that CNN is hoping for?

CNN is running an article on its website under a weird title that goes like this: “Egypt's era of hope has ended,” written by Sarah El Sirgany and published on April 25, 2019.

Nowhere in the article does it say who or what is referred to by the term “Egypt,” and what exactly the thing was hoping for ... that has ended so abruptly. And then, instead of starting the article by explaining that riddle to help the readers understand what the article is about, Sirgany began by telling the readers about protesters in Sudan and Algeria that distrust their militaries because “those made in Cairo have since been broken.” Be that as it may, what happened after the distrust? Did the protesters abort the protests and go home to mommy? We'll never know because the editors at CNN never asked Sirgany to clarify.

Sarah Sirgany had nothing more to say about the protesters, and this left the readers wondering what damage Egypt did to Sudan and Algeria by unknowingly ending its own hopes … whatever they may have been in the eyes of the geniuses at CNN. But instead of fixing this literary defect, the writer of the article went on to tell that President Sisi of Egypt, who ran twice and won, may run a third time.

And given that there was mention of the neighboring states of Sudan and Algeria for whatever obscure reason, you'd expect Sirgany to admit that even if Sisi will run a third time and win, it will be less than Netanyahu's five runs in Israel, the adjacent entity that is a closer neighbor to Egypt than is faraway Algeria, and closer to its capital city of Cairo (as well as the still unnamed new capital) than is adjacent Sudan.

The article says there has been a referendum in Egypt, and the people approved several measures, one of which extends the electoral cycle from the American style four-year term to the European style six-year term. This will give the current president and sitting parliamentarians, the right to run again for their respective positions in 2024 and if successful, remain in power till the year 2030. So the question is this: What's wrong with that? And the answer is this: Nothing really is wrong to a normal person.

But the reality is that CNN is staffed with a bunch of abnormal people that have no right to vote in Egypt, thus lament the decision of the millions who voted and gave their support to the man that delivered on the promise of transforming what used to be called “basket case Egypt” into a modern economy that's on the path to become the seventh most powerful in the world by that very same year 2030. This being the cold eye assessment of those who do high level economics for a living.

In fact, that's when, according to a major British team of economists –– backed with figures published by such institutions as the IMF and the World Bank –– Egypt  will by then, be ahead of every African and European country without exception, ahead of every North American country except the United States, ahead of every South American country except Brazil, and ahead of every Asian country except China, India, Indonesia and Turkey. Get this: Egypt will be ahead of such juggernauts as Germany and Japan by that time.

Whether or not this prediction will come true by that date, the reality is that President Sisi has put the country on a path of tangible gains that have turned the old era of idle hopes in Egypt into a new era of abundant opportunities for everyone to realize their dream. So the question to ask is this: How did Sisi do it?

We recall a time when the late President Anwar Sadat started to implement a policy of “infitah,” which is Arabic for opening. That is, he started the process of opening the Egyptian economy to the world. For this to succeed, he needed the stamp of approval from the IMF, and so he asked the world organization for a loan. As usual, the IMF attached conditions to granting the loan, and this meant applying austerity measures that would have affected the subsidy programs entrenched in the Egyptian system since the Second World War. The people protested vehemently because they were never consulted ahead of time, and Sadat backed out of the original plan. He implemented a less stringent one that was nevertheless successful by all measures.

Decades have passed, much water has gone under the bridge, and Egypt was ready for another attempt at infitah, now known as globalization. Sisi was there to implement a realistic program, but needed the IMF stamp of approval to make it work. Rather than be deterred from implementing the conditions that come with the loan, as did presidents before him, Sisi got down to earth and was open with the people of Egypt.

He told the people they'll be going through hard times brought about by the austerity measures, but the country will come out of that period stronger than ever before, and he asked them to be patient. The people trusted Sisi and accepted his argument. He started the program, and the people went along with it.

When the success of the policy became obvious to everyone, Sisi asked the people to vote in a referendum and approve his continued leadership so that he may complete the program by 2030, subject to another general election that will be held in the year 2024. And the people gave Sisi a strong yes.

And this was the development that ignited –– not a fire of apprehension in the belly of the clowns at Wolf Blitzer and Jeff Zucker’s CNN –– but a volcano of self-induced terror in their collective tummy. Guess why.