Baseman posted:D2 posted:Baseman posted:D2 posted:Given the current hiring trend in govt jobs, this means mostly Blacks will benefit directly as they are disproportionately represented in the public sector. The Indos will benefit mostly from the trickle down effect as Blacks tend to be more desirable consumers.
My number is wrong. I meant 30 to 40 times!
Sounds like your plan is to take the aile money and create make/up lazy man govt jobs for the kith and kin and suck the treasury, a welfare state. Burnham tried this once. We all know how that ended!
I hope you are not an advisor!! You getting your percent and times mixed up!
I am giving you examples from all over the world except Norway and Britain. Even in the US the consequence of oil is the enrichment of a few and the majority eat cake. Oklahoma is one of the nations large oil producing states and it is in dire poverty. OKC cannot meet its bills and poverty in the rural areas is endemic.
In an ethnicly divided society as ours, we will suffer the Nigerian syndrome. One side or the other will be the Igbos and be hard press to see any oil money.
Someone must have borrowed your handle, you had deeper thinking in the past! The scenarios and references above are irrelevant and what you see as the way forward, IS the Nigeria scenario!
You have me at a loss as to what section of my post you are commenting on. I would surmise you are taken to early drinking or you missed my point completely. I have stated no plans as to use of oil money. I stated what is the standard doctrine of spending it and give you examples of two states that do it best. All others have failed to generate benefits to their local economy. If you know otherwise then you need to help me. I actually spent most of the night reading on the pitfalls of oil cash and I still have not found one example in your comment that say I am off track. It is history so you can begin there to show me where I am wrong.