The Arab Spring has ended in Egypt as I expected. The Military has abolished the parliament and has introduced new rules close to martial law. It seems to make no sense to continue with the presidential election runoff.
What has happened was totally predictable. The Egyptian military (and associated establishment) control some 40 percent of the economy. They are rich and will not give up what they have without a battle to the death. A legitimate, independent government would have taken all this away.
No surprises here.
The U.S, State Department must decide what to do. We might be tempted to go back to the status quo alliance with an unsavory partner. Who knows?