Posts Tagged ‘Qaddafi’

Quaddafi $400 Pledge Takes Page From US Stimulus Play Book

February 26, 2011

As antigovernment forces and demonstrators draw nearer to Libya’s capital, Tripoli, Col. Muammar Qaddafi appears to be further losing his grip on power.

In an attempt to appease the masses – possibly inspired by Saudi Arabia’s King Abdullah bin Abdul Aziz, who promised his subject $36 billion in benefits to stave off any potential revolutionaries – Libya’s besieged leader on Friday pledged a 150 percent increase in some government workers’ wages and promised to give every family $400.

Libyan state television announced the wage increase and said each family would receive $400 to help them cope with the rising food prices. The broadcast aired shortly before Libyans went to mosques for Friday prayers. After prayers, antigovernment protesters are expected to continue demonstrating, reports MSNBC.

Obama 2011 budget and stimulus bill includes   extension of the popular Making Work Pay, middle-class tax credit of $400 per individual and $800 per couple through 2011. Quaddafi takes page from US play book….