US to give 400B to Palestinians. Humm good idea?

By HELENE COOPER

Published: June 9, 2010

WASHINGTON — President Obama promised a $400 million aid package for the West Bank and Gaza on Wednesday, as the United States scrambled to come up with a way out of the stalemate in the Middle East exacerbated by the Gaza flotilla incident last week.

Mr. Obama, meeting with Palestinian Authority President Mahmoud Abbas at the White House, said that the money would go to housing and schools. White House officials said that the money also would help increase access to drinking water and to help address health and infrastructure needs.

The exact details of how such aid would be used in Gaza remained unclear. Nor was it immediately clear how Mr. Abbas, who has authority in the West Bank but no authority in Gaza, would be able to administer it.

Is this a good idea or more appeasement?  Just asking…

I’m mean it’s not like we could use that money for something more productive, with the economy booming and all…..