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By John R. Bolton
Reality calls for attaching Gaza to Egypt and the West Bank to Jordan
Topic - Jack Kemp
Nearing the start of the sixth year of his presidency, with his job-approval polls in a nose dive, Barack Obama has suddenly decided to do something about growing poverty.
Sen. Rand Paul vowed Friday to push a proposal to create "economic freedom zones" in Detroit that would slash taxes and regulatory red tape in an attempt to revive the city's economy.
Most people intuitively understand that job creation requires capital investment, but many in the Obama administration and in Congress seem to have missed this basic fact of economic life. As the late Jack Kemp used to say, "How many truck drivers would you have if nobody had money to buy trucks?" There are numerous studies that try to measure the cost of the average job, but a figure of $225,000 on average is in the ballpark.
Newt Gingrich has moved to capture some Republican voters who lean toward Ron Paul and other Republicans who were Jack Kemp followers by naming two gold bugs to the Gingrich future team of advisers.
However the current debt-limit battle plays out, Washington lawmakers in the next phase of financial policymaking should move beyond simple accounting and focus primarily on economic growth.
The Democratic victory in upstate New York on Tuesday seemed to be about the unpopularity of the Republican Medicare plan. Democrat Kathy Hochul beat Republican Jane Corwin 47 percent to 43 percent to win the open seat in New York's 26th Congressional District, a shocking turn of events in a district that long had been a Republican beachhead in a blue state. The special election focused the last few weeks on the GOP's proposal to turn Medicare into a voucher program.
He said that that voting rights of some convicted felons who have completed their sentences should be restored and there should be a bigger push toward more school choice.
As the late Jack Kemp used to say, "How many truck drivers would you have if nobody had money to buy trucks?"