Robert Gibbs recently held press conference sheds little light on the situation in Egypt, other than to portray the Obama administration as being a little late to the party that may lead to the downfall of the Mubarak government.
One thing we do know is that if the Mubarak regime falls in Egypt, it will be an extreme negative for the safety and security of Israel. Any charade of a Middle East peace process would be over, and the border between Egypt and Israel would become a portal for insurgents. It would also likely provide yet one more official safe-haven for terrorists to train, plot and initiate plans around the globe.
Another thing that we can project is that any new government of Egypt would be Islamist in one way or another, presenting another huge negative for the region and the world as our access to raw materials in the name of oil will diminish and the regions access to WMDs and willingness to use them escalates. The free-flow of goods through the Suez Canal would be threatened as well.
As this extremely fluid situation continues to develop, as I had said in a previous article, if you thought the situation in Egypt was someone else's problem, think again! (see here).