At this point, it wouldn’t amtter if that were true, but it is not true. The Obama Administration has backed WAY off support. They are saying publicly that they want to see an orderly transition, not chaos and a failed state. I am sure most Egyptians agree with that. But they are ramping up efforts through diplomatic channels to usher in some form of acceptable caretaker government that can replace the hated dictator and oversee the process of Constitutional reform and planning for fair and orderly elections.
I think we have very, very limited control of whom the Egyptians elect. We can certainly make an outcome we don’t like costly to them, given the aid we have previously provided. But look at how well withholding aid worked with Castro.
We may actually have to come to a point where we get other nations to cooperate with us because they like us and trust us to be a fair partner with them, interested in their interests, instead of a bully only looking to get our own way. But what would I know? I have only witnessed 60 years of spectacular foreign policy failures. No need to conclude the current course isn’t working yet. Let’s give democracy through dictatorship a few more centuries to deliver. :-)