"... Washington has an abiding interest in the popular legitimacy of the Mubarak (pere et fils) regime

WINEP, here

"On October 31, Egypt's ruling National Democratic Party (NDP) will hold its sixth party conference. ... the conference will serve as an NDP vehicle to attempt to legitimate and further ensconce the party as Egypt's ruling elite for the next generation. In this regard, Egyptian president Hosni Mubarak's son Gamal, ...

The NDP conference, which takes place from October 31 to November 2 under the campaign slogan of "Only for you," will serve two purposes: to disseminate the NDP's platform to the Egyptian public via three days of intense and positive press coverage starting with President Mubarak's televised keynote address on October 31; and, through ongoing internal elections, to consolidate Gamal Mubarak's control over the party.....
The NDP is currently holding internal elections to change local leaders in 300 constituencies throughout Egypt, and it is believed that this balloting will usher in a younger, better educated cadre of "new guard" technocratic supporters of Gamal.....

In preparation for the 2010 parliamentary elections and the 2011 presidential balloting, the government has taken steps to limit the success of the Islamist and secular opposition. In 2007, constitutional amendments were passed that precluded Islamists from participating as "independents" in elections, and based on these regulations the government rejected hundreds of Islamist candidates who tried to run for local council elections in 2008. By the end of 2008, nearly a thousand MB members had been arrested, including key political and financial leaders. ...

To head off this development, Egyptian press reports suggest that the government has offered to give the MB's parliamentary seats to two opposition parties (al-Wafd and al-Taguma), provided they do not boycott elections, request international election monitors, or join a coalition against the NDP. ....

For Washington, the conference represents the beginning of a sensitive two-year period of elections and potential political transition in a key Arab ally. The Obama administration has made it clear that it is not weighing in on succession and will not press for political reform in Egypt any time soon. (aka. weighing in in favor of Gamal') As U.S. ambassador to Egypt Margaret Scobey recently said, "This is a 100 percent Egyptian issue and it is entirely left to the Egyptian people to decide." But the absence of U.S. involvement in the coming transition does not obviate U.S. interest in a transparent process. While the administration has largely distanced itself from the democracy promotion agenda in Egypt, Washington has an abiding interest in the popular legitimacy of the Mubarak regime..."