
President Obama attempted to reset relations with the Arab world Thursday in a comprehensive speech that positioned the United States and its values squarely behind the democratic uprisings sweeping the Middle East and North Africa and promised aid to help promote economic growth and stability across the region.
"Across the region, those rights that we take for granted are being claimed with joy by those who are prying loose the grip of an iron fist," Obama said during a 45-minute speech at the State Department.
PERMALINK | COMMENTS | RECOMMEND RECOMMEND (0)President Obama plans to outline an ambitious economic recovery plan for the Middle East and Northern Africa designed to spur economic growth and build on democratic reforms that began in Egypt and Tunisia and have swept to countries across the region this Spring.
In major speech at the State Department Thursday, Obama will announce U.S. steps to cancel nearly a billion dollars worth of Egyptian and Tunisian debt, establish a Egyptian-American private enterprise fund and guarantee up to a billion dollars in borrowing through the U.S. Overseas Private Investment Corporation, a U.S. agency that mobilizes private-sector investment in new and emerging markets, according to senior administration officials.
PERMALINK | COMMENTS | RECOMMEND RECOMMEND (0)Sen. Dianne Feinstein (D-CA), who chairs the Senate Intelligence Committee, harshly criticized the CIA and the rest of the intelligence community for failing to forecast the uprising in the Middle East and warned the White House not to intervene in Libya without international support.
"Our intelligence, and I see it all ... was woefully inadequate. [The unrest in] Tunisia was the only intelligence we got right," Feinstein told TPM Tuesday, adding that U.S. intelligence completely missed the instability in Egypt, Yemen and Bahrain.

