Juan Cole had a nice piece over the weekend on the paltry Western offers of support for the Arab Spring. Helping the Arab economies recover and securing a moderate and democratic outcome in Egypt and Tunisia (and maybe elsewhere) is arguably one of the more significant priorities in contemporary international affairs, yet pledges of outside help have been pretty meager.
This isn't surprising, of course, because the United States is in deep fiscal trouble and some of our European allies are in even worse shape. So we're trying to get the Arab oil exporters to pony up a lot of the money, or we're making vague commitments of support that may not even be implemented.
If you want a comparison that reveals how our recent profligacy has undermined our ability to make bold moves in cases like this, consider that the European Recovery Program (aka the "Marshall Plan") cost about $13 billion in 1948 dollars, which would the equivalent of about $113 billion today. The U.S. economy was only about $270 billion back then, so Marshall Plan aid amounted to roughly 5 percent of U.S. GDP. If Washington were to pledge a similar percentage today, it would be about $700 billion. Of course, Egypt and Tunisia are just two countries, not a whole continent, but even a tenth of that amount would be some $70 billion (which is less than we spend each year fighting in Afghanistan). Yet nobody seems to be thinking in these terms. After all, what did Obama offer Egypt in his speech at the State Department? A couple of billion in loan guarantees and debt relief, and that's all. And I'm not saying he should've have pledged more, because I've no idea where he could find it or how he'd get Congress to authorize it.
Which goes a long way toward explaining why the United States and its allies aren't going to have much influence over how the Arab spring evolves.
P.S. I'll be appearing at a conference session in Washington today (Tuesday), co-sponsored by the Carnegie Endowment for International Peace and the Kennedy School's Middle East Initiative. Other speakers include Nathan Brown, Marina Ottaway, Tarek Masoud, Nicholas Burns, Marwan Muasher, and Christopher Boucek. I don't know if it will be live-streamed or not, but you can find out more about it here.