"The White House today highlighted a new multi-million-dollar technology fund for Muslim nations, following a pledge made by President Barack Obama in his landmark speech to the Islamic world.
The White House said the US Overseas Private Investment Corporation (OPIC) had issued a call for proposals for the fund, which will provide financing of between 25 and 150 million dollars for selected projects and funds.
Great. Let’s just bring the Muslim world up to speed on technology, so they can train more jihadists to hack into defense department and infrastructure computers, go to engineering school where they can be taught how to make nuclear weapons, and learn the latest technology for remote detonation of explosive charges.
The first rule of investment is that you eliminate as much as you can the risks and mitigate adverse consequences. But as soon as the US doles out this money, it will disappear into a black hole in countries over which we have no control, but which contain hundreds of madrasas indoctrinating future terrorists, where hundreds of thousands cheered on 9/11. Does Obama really think this money will mollify the Islamic world, and bring them closer to us?
I do - but not like you think.
~Cato
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