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W.H. Plans $450M Cash Infusion to Egypt

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    Diligent Innovations CEO Mike Barrett on the government’s decision to give more aid to Egypt.

  • Duration 3:40
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Talking about the Middle East there is unsettling about Obama administration's plans to give Egypt 450 million dollars right now it is all part.

Of an emergency cash infusion on top of the one point six billion dollars where are already giving Egypt this year.

And they've stormed out and getting this is make any sense -- -- Mike -- partner at diligent industry.

The former director of strategy for the White House homeland Security Council -- it is so good to have you back on the show -- just just since you.

Well actually this really does not make sense to me I mean if you think about this kind of three places you can put your money -- is into the military as we talked about last time I was with you.

And that does make some sense because you -- -- invest in some folks that are gonna keep stability and that frankly understand Egypt's role in the world.

There's another place you could put some money which is to really help the people on the street who are poor and -- may -- -- economic development you might wanna help some growth you know economically.

But to give money directly to the government when the government is so obviously antithetical to US interest.

Frankly makes no sense at all and I don't think that's at all what was intended with the USA ID when we originally created the program.

No and when I think about our place in the world they say well you know we have to keep our finger -- you know in -- so that we have some impact.

You don't I I don't know that that's the case when the Muslim Brotherhood is in charge but.

It also you know we are broke right now as a country is maybe the most important factor you could look at and we're borrowing from China.

To give it to Egypt and Libya.

Does that make any cents.

I don't think it makes any sense at all I think you can't make a case when there are specific national security interest that you want to defend.

So arguably in a situation like Libya where you have the government that is trying to be pro American and yet his fledgling maybe you would actually want to help support them.

But clearly to me in a case like Egypt where the government is against the US interest he wouldn't do that.

-- -- -- -- just another great example of why you don't want the government making these kinds of decisions you know no private sector company would ever take an investment strategy without having a plan for where's the money gonna go.

How does it meet our needs what are the goals and objectives and yet when you look at an agency like this it's really just here's a check here's you know almost half a billion dollars.

And you know the -- going to be untraceable once it is the Egyptian economy.

Do you have a lot of experience in this in this area of their former director of strategy for the White House homeland Security Council mean you've been doing -- even working in this area for really long time you talk about trying to help people on the street that you see there.

That need our assistance it's possible well is -- an -- way to do that life.

So I think what we talk about international aid in general there's two ways that it's really important and it's very useful one is when you have a natural disaster let's say have a tsunami and you've got a bunch of people in -- starving you just wanna get immediate aid to them.

And so that's one legitimate expenditure of you know of American taxpayer resources to help people who weren't clear desperate need.

I think the other one actually the model we should be looking at and a place like Egypt is what do we do -- the Cold War.

Well we did was we funded the freedom of the press behind the iron curtain what we wanted was to and to inculcate the kinds of values that we believe -- I think you could actually do that in some ways in Egypt right.

Find ways to create credit that goes to women owned businesses say your -- -- quality of the -- find ways to help the credit markets in the capital markets work.

Find ways to support free enterprise that's really the reason America's so well respected around the world and has become such a model -- such a magnet for immigration is our economy.

So we should be leading without which we do best which is helping the democratic capitalist society.

To emerge within certainly within Egypt I think what you're gonna see if you do that if you can actually find direct ways to help people there.

-- -- trading a moderating influence of the ballot box because you're gonna have some people who are well invested in the global economy.

As opposed to just being stuck with people that are -- -- that are very religiously oriented and focused very insular like.

Mike -- thanks so much makes a lot of sense.

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