Or so he says. As my Egyptian correspondent initially predicted, he's telling his government to resign--as yasminhamidi tweeted, "Mubarak: To prove I am not a dictator, I will personally name a new government!"
Now we see if the population will tolerate it. I won't venture an opinion, as I simply don't know. But if I were an Egyptian, I certainly wouldn't stand for it.
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Megan McArdle is a columnist at Bloomberg View and a former senior editor at The Atlantic. Her new book is The Up Side of Down.