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U.S. Secretary of State Hillary Rodham Clinton on Monday will pledge about $300 million in U.S. humanitarian aid for the war-torn Gaza Strip, plus about $600 million in assistance to the Palestinian Authority, a U.S. official said Sunday.

State Department spokesman Robert A. Wood told reporters traveling with Clinton Sunday that she would announce the donations at an international pledging conference at this Red Sea resort. The conference is seeking money for Gaza and the Palestinian economy.

Obama administration officials had indicated last week that the U.S. was preparing to pledge $900 million in assistance for Gaza, but Wood’s description of the plan Sunday indicated that the only portion going directly to rebuilding Gaza was the $300 million. source.

Talk about wasting money, wasting American tax money to something that is worth less than GM stocks.

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