Feb 24 - U.S. to Give $900 Million in Gaza Aid, Officials Say

[yak pac fatal]

By HELENE COOPER
Published: February 23, 2009

WASHINGTON — The Obama administration intends to provide some $900 million to help rebuild Gaza after the Israeli incursion that ended last month, administration officials said Monday.

In an early sign of how the administration plans to deal with Hamas, the militant Islamist group that controls Gaza, an official said that the aid would not go to Hamas but that it would be funneled through nongovernmental organizations.

By seeking to aid Gazans but not Hamas, the administration is following the lead of the Bush administration, which sent money to Gaza through nongovernmental organizations. In December, it said it would give $85 million to the United Nations agency that provides aid to Palestinian refugees in the West Bank, Gaza, Jordan, Lebanon and Syria.

The United States considers Hamas a terrorist organization, and the Bush administration refused to have any formal dealings with the group.

The aid will include new spending as well as money already set aside for the Palestinian Authority, and it will be formally announced next week when Secretary of State Hillary Rodham Clinton travels to a Palestinian donors’ conference in Sharm el Sheik, Egypt, the officials said.

The aid, first reported by Reuters, would have to be approved by Congress, where many lawmakers are skittish about even appearing to help Hamas until it renounces violence and recognizes Israel’s right to exist.

“None of the money will go to Hamas, it will be funneled through NGOs and U.N. groups,” said an administration official, speaking on condition of anonymity because he was not authorized to talk about the aid before Mrs. Clinton announced it.

The donors’ conference in Egypt is seeking to raise close to $2 billion to rebuild Gaza, which was devastated by the three-week war with Israel. Some of the $900 million from the United States will go to the Palestinian Authority in the West Bank, officials said.

But even if the bulk of the money goes to Gaza, it will do little good unless Israel first opens the border crossing into the territory, said Daniel Levy, a senior fellow at the Century Foundation, a research organization in Washington.

“It’s a good effort, but the money can’t be spent unless materials can get into Gaza,” Mr. Levy said. “The next step is opening the border crossings, and that requires more than just signing a check.”

Hamas has demanded the opening of the crossings as part of truce negotiations being conducted through Egypt. Israel, which imposed an embargo after Hamas seized control of Gaza in 2007, demands an end to rocket fire from Gaza, a halt to weapons smuggling and the release of a captive Israeli soldier.

After the donors’ conference in Egypt, Mrs. Clinton will make her first trip to Israel as secretary of state, Israeli officials said. She is expected to meet with Benjamin Netanyahu, the prime minister-designate.

Mrs. Clinton is also expected to travel to Ramallah in the West Bank for meetings with Mahmoud Abbas, the Palestinian president, and Salam Fayyad, the prime minister, whose Fatah organization is the principal rival to Hamas. Administration officials said it was unlikely that Mrs. Clinton would go to Hamas-controlled Gaza.

http://www.nytimes.com/2009/02/24/washington/24gaza.html?_r=1

dont you love the change? (can someone post what he meant by change is coming because nearly everyone thought it was something positive)

900mil to sum bum ass place. are u for real? we got people here gettin layed off and shit and youre gonna give money to someone thats gonna get bombed

your home comes first, your people should come first... fuck obama and fuck the obama stans

 

[Glockmatic]

The American people are already getting $789 BILLION, 900 million is chump change.

 

[LatinaHipHopQueen]

He has helped home first the package that he was working on was signed and put through before this deal, which isn't final yet, if they can't get the supplies in then the money won't be put through.

If Gaza opens their borders then we can help them help us, they are fighting with us.

So if we didn't help them, then it would be like sending people from the U.S. to fight from Gaza against Hamas, without any money for supplies and only a hand gun, is that right or smart?

They are helping us in a fight that they don't really need to fight, but without the help we become economically worse.

The more enemies that we are able to eliminate off of the threat list, the better we are in life for Americans.

Ok we are having people laid off, but are we living in huts, eating bowls of rice and drinking dirty water, are we unable to get the health care we need, are our children seeing their parents murdered before their eyes, and leaving them to care for their siblings.

Leaving them with nothing, the oldest goes starving so that his food goes to his younger siblings.

Get a clue, this thought of mind you have is one of the things that we as a group keeps us digging a deeper whole, our own ignorance got us this bad, and we are still better off than others.

So cry your sad song to someone else and quit being greedy.

 

[yak pac fatal]

The American people are already getting $789 BILLION, 900 million is chump change.

tryin to bankrupt this country intentionally

 

[Killuminatii 71]

The American people are already getting $789 BILLION, 900 million is chump change.

The American people aren't getting one penny of it. The American people are lending that money to the Federal Government in order to bailout banks and businesses that didnt know how to manage their businesses. They're basically rewarding bad business.

Plus, the recent "stimulus package" bill was over 1000 pages long, and not 1 congress member read through the bill because it was available to them the day before they were going to vote on it. They can't NOT vote on it, because they're being told that it needs to be passed immediately (or as Obama says " we need to act immedately") in order for the economy to be strengthened. Funny thing is, the day after the stimulus bill was passed, wall street's numbers went down the drain.

This country is headed towards Socialism. We're nationalizing our banks, and soon the government will have total control over cash flow in this country. There's a quote, i forget who said it, but it goes "Give me control over a nation's currency, and i care not who makes it's laws."

Think about that.

 

[Farzin]

^Soon the government has control over the cash flow? umm they print the money? lol they lend the money to banks? They have had control over cash flow since the federal reserve was put in place.

 

[Sebastian]

Are you serious? Holy shit, you are stupid.

 

[vg4030]

The American people aren't getting one penny of it. The American people are lending that money to the Federal Government in order to bailout banks and businesses that didnt know how to manage their businesses. They're basically rewarding bad business.

Plus, the recent "stimulus package" bill was over 1000 pages long, and not 1 congress member read through the bill because it was available to them the day before they were going to vote on it. They can't NOT vote on it, because they're being told that it needs to be passed immediately (or as Obama says " we need to act immedately") in order for the economy to be strengthened. Funny thing is, the day after the stimulus bill was passed, wall street's numbers went down the drain.

This country is headed towards Socialism. We're nationalizing our banks, and soon the government will have total control over cash flow in this country. There's a quote, i forget who said it, but it goes "Give me control over a nation's currency, and i care not who makes it's laws."

Think about that.

Actually, thats not strictly true... its being funded by debt... like everything else in the US... read the thread on the financial crisis...

http://www.streethop.com/words-wisdom/171252-financial-crisis.html

 

[hizzle?]

tryin to bankrupt this country intentionally

I'm almost insulted by your lack of logic and lack of rationality...

What he did was a socialistic way to get your country out of recession. Maybe that's why you do not understand the logic. He's helping private companies financially so they do not lose money and that they don't have to fire their workers. It's basically private subventions. Call his plan a private-public partnership.

Your companies are losing money, they cannot support themselves, they are going bankrupt, closing down or moving to Asia/Southern America. The capitalistic solution would be to let the market get back to equilibrium by itself... That would probably mean that you guys would be in a recession for another 10-15 years, because there is no way that you will have foreign investors come into your country to invest in a country that is obviously doing bad, fault of its past president, who spent billions and billions and billions in Irak. Blame him, he went into "sum bum ass place", without considering that it might plunge your country into recession, if you increase your foreign transfers, increasing your national spendings and your importations, obliging your country to find its capital from abroad. That abroad being China in your case, you now owe China 1 700 billion dollars, which you do not have, and will not have in ages and ages.

But to explain my point about your massive importations in the beggining of the decade.
Here's what your current account looks like

Notice when it went to shit...When you went to Irak. Your foreign transfers went way up. Thing with Irak was that you had to stay there, what Obama just did(which I do not agree with to be honest, way too much spendings considering the current situation) was a one time thing.

Anyways, back to the current account and your capital account...

I believe that the large majority of your holdings is held by the Chinese GOVERNMENT. So the Chinese now own your holdings... When those holdings end, you will have to give that money back... Your dollar will go to shit.

What you guys CAN do, is create wealth! How can you create that? By supporting your economy. YOUR gouvernement has to support it, because if let to itself, its obviously going to balls. He has no choice... Moreover, you cannot send out T-Bills to sale in the States, because no one has money, so you have to, once again, finance yourself by selling t-bills to foreigners. But like I said, by creating wealth, your guys may buy your own T-Bills, lowering the foreign investment, and the capital account, somehow increasing exports and getting back into an inflation...

 

[vg4030]

^^ nuff respect

 

[LatinaHipHopQueen]

maybe well all should be in charge of banks then, not too worried we got through it once as a country and we'll do it again, maybe longer than when our history has gotten through it, but we will, but there still are other countries worse than us and they are still surviving on less.

 

[hizzle?]

^^ nuff respect

Thank you. :embarresd:

 

[Farzin]

Are you serious? Holy shit, you are stupid.

Me? :*(

Ich dachte wir sind freunde sebi.

 

[Flipmo]

Hizzle just pissed on all you mother fuckers. Golden showers in the bitch right thurr.

 

[Sebastian]

Me? :*(

Ich dachte wir sind freunde sebi.

Nah, the thread starter.

Wir sind Freunde fürs Leben! :nuts:

 

[yak pac fatal]

I'm almost insulted by your lack of logic and lack of rationality...

What he did was a socialistic way to get your country out of recession. Maybe that's why you do not understand the logic. He's helping private companies financially so they do not lose money and that they don't have to fire their workers. It's basically private subventions. Call his plan a private-public partnership.

Your companies are losing money, they cannot support themselves, they are going bankrupt, closing down or moving to Asia/Southern America. The capitalistic solution would be to let the market get back to equilibrium by itself... That would probably mean that you guys would be in a recession for another 10-15 years, because there is no way that you will have foreign investors come into your country to invest in a country that is obviously doing bad, fault of its past president, who spent billions and billions and billions in Irak. Blame him, he went into "sum bum ass place", without considering that it might plunge your country into recession, if you increase your foreign transfers, increasing your national spendings and your importations, obliging your country to find its capital from abroad. That abroad being China in your case, you now owe China 1 700 billion dollars, which you do not have, and will not have in ages and ages.

lil bit of socialism is iight

do u honestly think this bailouts will help usa? hell no. why should they pay them hard working citizens money to some huge company because they didnt know how to manage themselves?

obama is spending money he doesnt have

dont forget money is still goin to war in iraq

federal reserve bank is not even federal


American needs American Made products

 

[vg4030]

American needs American Made products

America doesnt need american made products.. They need cheap products from china and japan... as hizzle said america needs to create wealth.. they need to focus on R&D and innovation.. use their brains.. thats not by having made in america stamped on everything.. would you be willing to spend over $500 on an ipod?.. cos thats what it would cost if it was made in the states..

Even so called american made products arent 100% american.. Protectionism is bullshit and narrow minded.. And as hard as it is to believe it is counterproductive and would actually put the US at a disadvantage to the rest of the world

 

[Killuminatii 71]

lil bit of socialism is iight

do u honestly think this bailouts will help usa? hell no. why should they pay them hard working citizens money to some huge company because they didnt know how to manage themselves?

obama is spending money he doesnt have

dont forget money is still goin to war in iraq

federal reserve bank is not even federal


American needs American Made products

They're bankrupting the nation by printing more and more money out of thin air, and spending money we don't have. People forget that we were in the same position in the 80's (even worse!), and we got out of it with TAX CUTS! That's something Obama doesn't ever talk about.

The dudes in the white house, including Obama, don't want to listen to people who told us this would happen. We were warned by Peter Schiff and Ron Paul that if we didn't stop our spending ways, we would have this outcome. And they predicted this almost a decade ago.

Seems like the bailouts have become a trend. Bush and Obama wasnt to bail out their friends that don't know how to make good decisions. They don't know that they're killing the dollar everytime they inject more and more money into our monetary system.

btw, lol @ CNBC for cutting off Ron Paul when he was BLASTING Bernake this past week. lol lol lol lol.

 

[hizzle?]

lil bit of socialism is iight

do u honestly think this bailouts will help usa? hell no. why should they pay them hard working citizens money to some huge company because they didnt know how to manage themselves?

obama is spending money he doesnt have

dont forget money is still goin to war in iraq

federal reserve bank is not even federal


American needs American Made products

You want them to give money to you for nothing? Like food stamps? that would be useless... Consummation would grow, but there would be not enough domestic offer, since you didn't help the companies to survive, so you would have to import more... spending more money... since you don't have it, you'll have to borrow it.

What he's doing now is that he's giving money to companies who don't have to fire people and who are going to keep offering services and goods... If people keep working, they'll have money and they'll be able to spend. They'll buy American products because they are cheaper in a recession (prices go down) and they will keep the demand high, or even increase it. The domestic offer will have to follow... The surplus will be imported. And you increase revenues, and so on and so on.

The important thing is that you do not close your borders now. If you plan on ONLY buying American, then you cancel the importation of the demand surplus. What happens then? Less foreign offers, creation of rarity, foreign prices are up, you turn to domestic products, domestic products' demand goes up, prices go up, you can't buy it because you're in a recession and you don't have enough money....

 

[hizzle?]

Also, you've been spending money that you don't have since 1998, when your government decreased the interest rates during an inflation... You are creating over inflation. You didn't have enough money for the -credit- wealth and the domestic spendings and you had to borrow if from abroad. When the abroad lost confidence in your market, they asked the money back.... You didn't have it. The people who signed their mortgage on a low interest rate didn't have it neither... They weren't able to pay the new higher interest rates (high interest rates at the begging of a recession...really???) so they lost their homes... The companies who had no more money were not able to pay back the money, they went to sh33t. Kind of like Bear Sterns last year when JP Morgan Chase bought them.