“Billions for Egypt’s unemployed, but what about ours?” reads the headline on a biting blog post by senior Washington Examiner editorial writer Conn Carroll.

I think this captures the strange unreality at the heart of President Obama’s much-hoopla’d speech today on Arab issues – and specifically his plan to spend as much as $2 billion to create jobs for unemployed Egyptians, Tunisians and, if the NATO bombing campaign against Colonel Gadhafi succeeds, one presumes Libyans as well. (Is this the incentive the Libyan rebels need to finally push Gadhafi from power – the prospect of US assistance with job creation?)

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