Last night, during the GOP Presidential Debate on CNN, Sen. Marco Rubio was asked about bankruptcy protection for Puerto Rico. Without batting an eye, Rubio declared that Puerto Rico “must get its act together,” lectured about “fiscal responsibility” and “economic growth,” then opposed Chapter 9 bankruptcy relief for the island.
What Rubio failed to mention, was that he has received campaign donations from the same hedge funds that own Puerto Rico’s debt, and are opposing any Chapter 9 relief for Puerto Rico. Here is a video of Rubio’s speech.
Rubio also failed to mention the one U.S. law which has strangled the Puerto Rican economy for nearly a century: Section 27 of the Merchant Marine Act of 1920, aka the Jones Act.
Every year, this law alone costs the people of Puerto Rico over $6 billion. Over the past 96 years, the Jones Act has cost Puerto Rico more than $570 billion…nearly eight times the island’s current debt of $72 billion.
Marco Rubio and Donald Trump discuss their differences on CNN
Even the New York Times has opposed the Jones Act.
But Marco Rubio did not discuss the Jones Act on CNN last night…because 50,000 maritime jobs would move from Jacksonville, FL to Puerto Rico, if the Jones Act were eliminated.
Rubio also failed to mention the names of the people, and the hedge funds, that are donating to his campaign and screwing Puerto Rico. Here are some of them:
More detail about these hedge funds, and their activities in Puerto Rico, are available here:
The GOP are touting Marco Rubio, a Latino candidate for president of the U.S., as “proof of the American dream.” But Rubio’s attitude toward millions of Puerto Ricans is actually a nightmare.
This nightmare is so great, that one million Puerto Ricans have moved to Florida. Orlando alone, is home to over 700,000 Puerto Ricans. In 2016 and beyond, that is a lot of voters…and they will not forget Rubio’s political calculus, as shown on national TV.
Hedge fund donations matter more to Marco Rubio, than the safety and well-being of millions of Puerto Ricans.
For a history of the War Against All Puerto Ricans, read the book…
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