Posts Tagged ‘Egyptian president’

The game changer could lie in Mubarak’s pocket book

Embattled Egyptian President Mubarak

Newscast Media– The U.S., France, Germany and Great Britain have asked Mubarak to step down, but the embattled president still clings to power. Reports of violence and reporters being kidnapped or killed haven’t swayed Mubarak. The reason being given as to why he chooses to ignore the Egyptian people’s demands is pride.

Mubarak and his supporters say the old man wants to leave with dignity and not be forced out of office. However, Egyptians believe if stays for eight more months, he will use that time to crack down and punish those who protested against him, just like they were assaulted by pro-Mubarak supporters on Wednesday.

According to Credit Agricole, the crisis is costing Egypt an estimated $310 million per day. Aladdin Elaasar, author of ‘The Last Pharaoh: Mubarak and the Uncertain Future of Egypt in the Obama Age’, said the Mubaraks own several residences in Egypt, some inherited from previous presidents and the monarchy, and others he has built.

“He had a very lavish lifestyle with many homes around the country,” said Elaasar, who estimates the family’s wealth is between US dollars 50 and 70 billion.

All the Obama administration has to do is tell Mubarak the money Egypt is losing daily as a result of his refusal to listen to the voice of the people will come out of Mubarak’s bank accounts. You will quickly see a shift in position if Mubarak knows that every single day he remains in office is costing him personally an astounding $310 million. He doesn’t want to die a pauper.

http://www.newscastmedia.com/gamechanger.html

Egyptian President Hosni Mubarak Makes TV Speech To Squash Health Rumors

Egyptian President Hosni Mubarak

Newscast Media –After rumors circulated that President Hosni Mubarak, 82, might be having health problems, the Egyptian president gave a televised speech in which he stood for 10 minutes, as a way of reassuring his nation and world leaders that he was in good health.

Speaking in reference to the 58th anniversary of the “July Revolution” Mubarak said, “We celebrate today the anniversary of the revolution, remembering in admiration and respect those who led it.” Mubarak also said, “While I look forward to parliamentary elections that push forward our democratic experience, I call on all political parties to come up with ideas and visions to deal with these priorities – on which there is no disagreement.”

In regard to the economy he said, “Brother and sisters, economic growth and social justice are the goals we must aspire to today and tomorrow. We have made significant achievements on that front and we will achieve more.” The president appeared healthy but thinner than usual.

In March this year, Mubarak flew to Germany to have gallblader surgery at Heidelberg University Hospital. During his three week absence, Mubarak temporarily handed the political reigns to his prime minister, Ahmed Nazif.

If Mubarak chooses not to run for a sixth six-year term in 2011, it is speculated that his son Gamal, 46, will likely succeed him. Both Mubarak and his son deny the rumors and speculation.

The annual speech commemorates the Egyptian military coup of 1952 led by General Neguib, Colonel Abdel Nasser and Colonel Anwar Sadat that ended the reign of the former King Farouk and his son Fu’ad II. http://www.newscastmedia.com/mubarak.htm