Egyptian President Morsi: Jews are Bloodsuckers and are Descended from Apes and Pigs

Why did we abandon Mubarak again? And why do we continue to throw money at Egypt?  The new Egyptian President is a vicious and likely genocidal anti-semite.  From MEMRI:

And here are some key excerpts:

This [Palestinian] Authority was created by the Zionist and American enemies for the sole purpose of opposing the will of the Palestinian people and its interests.
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No reasonable person can expect any progress on this track. Either [you accept] the Zionists and everything they want, or else it is war. This is what these occupiers of the land of Palestine know – these blood-suckers, who attack the Palestinians, these warmongers, the descendants of apes and pigs.
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Therefore, these negotiations must stop once and for all. Everybody must turn to the support of the resistance, which is the option chosen by the Palestinians and by us all – the Arabs and the Muslims, Palestinians and others. We must all realize that resistance is the only way to liberate the land of Palestine.
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We want a country for the Palestinians on the entire land of Palestine, on the basis of [Palestinian] citizenship. All the talk about a two-state solution and about peace is nothing but an illusion, which the Arabs have been chasing for a long time now. They will not get from the Zionists anything but this illusion.
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They have been fanning the flames of civil strife wherever they were throughout history. They are hostile by nature.
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The Zionists understood nothing but the language of force.