With Egypt back to 'temporary' martial law and turmoil riling the Middle East, the Arab Spring may appear to have failed. But the revolutionary story in the region is far from over. The Arab world has been changed irrevocably, and transitions – likely marked by conflict – will continue.
Meanwhile, the Gulf states have pledged billions to the country's new government in a bid to bring back 'trusted friends' in the region.
Urgent issues await presidential action this fall. How Mr. Obama handles them will say a lot about his presidency.
The EU pledged $6.7 billion to Egypt to help along its democratic transition, but it was conditional on reforms that have largely not happened.