He fears the move would risk plunging Egypt into a deeper state of chaos.
Cairo's chaos has been growing by the hour with little sign of letting up any time soon.
Whats worse is that the anti-government demonstrations have become more bloody over the past few days.
President Mubarak denies allegations that the Egyptian government is behind the escalation in violence and instead points to the Islamist extremest group, The Muslim Brotherhood.
The Muslim Brotherhood was reportedly founded in 1928 as an Islamic revivalist movement or the TeaBagger movement of the East.
They may or may not be playing a direct part in the escalation of the violence, but they could gain a large amount of momentum and make huge political gains as the event play out.
There is a report that the Muslim Brotherhood have recently had a meeting with the King of Jordan.
Another recent article on the web leads one to believe that the group plan to lead Egypt to war with Israel.
The only thing we can be sure of is that this is not among the groups we want to see coming to power in Egypt.
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