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Africa North
Qadaffy promises Libyans a share of oil wealth
2008-09-02
Libyan leader Muammar Gaddafi on Monday accused corrupt officials of looting the country's oil wealth and said its 5 million people should be given the money directly.
He's only been in power since something like 1969, so he can be forgiven for not thinking of that before.
Gaddafi urged a sweeping reform of government bureaucracy, saying most of the cabinet system should be dismantled to free Libyans from red tape and protect the state budget from corruption.
"Body guardettes!"
"Yes, master!"
"Kill all the cabinet members!"
"Yes, master!"
[CRUNCH! SNAP! THUMP!]
"Aaaaaiiiieeee!"

"You have to be ready, each Libyan will get directly his share of the oil money," Gaddafi told a gathering of his supporters including ministers, top military and police officers and members of the General People's Congress, the country's top executive and legislative body.
"You're gonna be rich! And you owe it all to me!"
"Why didn't you think of that in 1969?"
"Body guardettes!"
"Yes, master! [CRUNCH!]"
"Aaaaiiiieeee!"

"The implementation will start at the beginning of next year," he said, for the first time giving a date for the direct sharing of oil wealth. Gaddafi was speaking on the 39th anniversary of the army coup that brought him to power.
"Yay! Hurrah! Thank youse, sirrah! Long live the revolution!"
Tripoli's government wants to raise oil output to three million barrels per day by about 2012, from 1.6 million now.
"Oil people!"
"Yes, master!"
"Increase production!"
"Yes, master!"

Many Libyans say they have not benefited from rising oil revenues and foreign investment after Libya in 2003 abandoned prohibited weapons program and ended its international isolation. "Corruption is linked to bureaucracy everywhere in the world. The solution to ending corruption is to end this administration which manages money spending, and put the money directly in people' hands," Gaddafi said in the speech, broadcast live on Libyan television.

Gaddafi named justice, defense, interior and foreign ministries as the only ministries which would be spared the purge of bureaucracy. "Corruption and theft of public money will remain if bureaucracy remains," he said, giving the example of state bank officials who had stolen millions in public funds and complaints by Libyans of corruption, mismanagement and nepotism.

Gaddafi said Libyans should not fear the consequences of changes which, he said, would encourage them to create a private sector that would make them healthier, richer and freer.

He said Libyans should decide for themselves how to spend the oil money, such as on better education for their children, healthcare and the freer import of goods to counter monopolies and fight price increases.

He warned that direct sharing of oil money and the dismantling of bureaucracy would unleash "chaos in the first stage", but added: "Libyans, with oil money directly in their hands and bureaucracy dismantled, will set up a genuine popular administration and form a society of the masses ruled by a genuine direct democracy."
Posted by:Fred

#7  I guess Biden was the second choice.
Posted by: Skunky Glins 5***   2008-09-02 20:59  

#6  
:-) Mike
Posted by: lotp   2008-09-02 12:13  

#5  I see another Progressive tripped out 'FLO' name tag medal in his future.
Posted by: Procopius2k   2008-09-02 12:12  

#4  ...He's just pis*ed because he got passed over again for 07.

Mike
Posted by: Mike Kozlowski   2008-09-02 06:56  

#3  Quackdaffy is probably worried about holding onto power.
Posted by: gorb   2008-09-02 04:30  

#2  Libya produces the best light sweet crude in the world for the costs of 1 dollar a barrel (they say).

Guess why Italy agreed to compensations for WW2?

If oil prices remain that high Libya is facing a bounty and Qadaffy may finally convince newspaper editors to settle the way his name is spelled.
Posted by: European Conservative   2008-09-02 01:38  

#1  The solution to ending corruption is to end this administration which manages money spending, and put the money directly in people' hands," Gaddafi said in the speech, broadcast live on Libyan television.

Perhaps Khaddafy could be persuaded to run for US congress?
Posted by: ed   2008-09-02 01:29  

00:00