As I've previously written (and I'm not the only one to think so), I think US Ambassador to Egypt Anne Patterson has been too incautious in her embrace and praise of the Muslim Brotherhood in the last two years. Her recent speech in Alexandria, though, helps correct some of her recent media statements and strikes many right notes for where US policy should be. Her assessment of the economic situation is devasting, and a pointed critique of the Morsi administration's handling of this. The speech does not touch on politics much, but does hint at great alarm at Morsi's poor leadership.
I am pasting the whole thing after the jump.