FOXNews.com - Obama Appeals to Congress for $50 Billion in Emergency Aid

FOXNews.com - Obama Appeals to Congress for $50 Billion in Emergency Aid: "Congressional leaders received a letter from the president asking for almost $50 billion for distribution to state and local governments, saying that increased spending is “urgent and unavoidable,” the Post reported. The money would protect the jobs of teachers, police and firefighters.

“Because the urgency is high—many school districts, cities and states are already being forced to make these layoffs,” Obama wrote, “these provisions must be passed as quickly as possible.”

Obama’s plea comes despite last year’s $787 billion economic stimulus package, which worked to stabilize the failing economy, but did little to help the country’s high unemployment rate. At 9.7 percent, unemployment is nearly the same as it was a year ago."

He was very wrong about the effect of the stimulus and what is left of his credibility on economics?

Jobs

Campaign For Liberty: "Excluding temporary census workers, only 25,000 private sector jobs were added in May, less than 20% of the number needed just to keep pace with the growth in the workforce. The President's crack team of Keynesian number crunchers had forecasted around 500,000.

Mr. Obama somehow managed to blame businesses for the blown call, chiding them for unwarranted hiring reticence in the face of an expanding GDP. In doing so, he displayed an unnerving lack of understanding of how jobs are created and how GDP is aggregated.

Businesses do not hire workers to grow the economy, to make a President's economic recovery plan work, or to keep some magic ratio to GDP; we only hire workers to meet increased demand for our products and services. And demand is not growing, it is shrinking."

Campaign For Liberty

Campaign For Liberty: "Do you remember those dreadful scenes of oil-drenched Norwegian fiords, or the helpless birds stuck in the ooze in Kuwait, or the miles and miles of black gunk layered over the beaches of Saudi, Dubai, and UAE? That's right, you don't - because when those underwater wells blew, these foreign fleets scooped up all the oil before it ever hit shore.

As soon as the Deepwater Horizon rig exploded, the Dutch and Belgians and eleven other countries immediately offered to send their oil-sucking fleets to the Gulf, but President Obama refused to allow it. The use of these vessels is prohibited by the Jones Act, and unlike past Presidents in times of crisis, he has refused to waive it.

The Jones Act is a 1920 law that prohibits the use of foreign vessels and crews to transport cargo between U.S. ports. It can be waived by Presidential order at his discretion. It was enacted to protect union shipbuilding jobs, although like all protectionist measures, it has had just the opposite effect and we now produce less than 1% of the world's ships."

FOXNews.com - Israel's new list of goods banned from Gaza limited to weapons, materials with military use

FOXNews.com - Israel's new list of goods banned from Gaza limited to weapons, materials with military use: "The list of banned goods replaces an old list of allowed items that permitted only basic humanitarian supplies for the 1.5 million Gazans. Under the new system, the government said practically all non-military items can enter Gaza freely."

Why was the old list so restrictive?!?