This continues to be a travesty!!
“The entire Washington establishment – Democrats and Republicans – are equally to blame for the economic disaster in Puerto Rico. They have kept the Jones Act in place for 96 years. They have done nothing to develop the island’s indigenous shipping industry, or any other industry.
And after a century of doing nothing, they now wring their hands and point fingers at each other…while continuing to do nothing.
It is the height of hypocrisy, and nakedly transparent.”
The US Secretary of the Interior, Sally Jewell, has warned Puerto Rico that the island’s protected natural resources “could be targeted for private development.” Jewell blamed the “Republican” Financial Control Board legislation for this, and worried that “a future secretary” may transfer Puerto Rican land to private developers.
Jewel is correct. She is also a world-class hypocrite, along with the Obama administration that hired her.
Interior Secretary Jewell expresses her grave concern for Puerto Rico
For over a year, the White House has refused to activate the Treasury Department, the Commerce Department, or expend any political capital on behalf of resolving Puerto Rico’s fiscal crisis. The entire Obama program has been to point a finger at congressional Republicans, and whine that “congress must allow for Chapter 9 bankruptcy re-structuring.”
But Obama knows this is nearly impossible: because the municipal bond market is $3.7 trillion annually, which is nearly 22%…
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