A group called the “Center for Individual Freedom” (CFIF) has purchased $200,000 in TV ads in the Washington D.C. media market, to convince legislators to deny Puerto Rico any immediate debt relief.
The ads will air on Fox, NBC, ABC and CBS affiliates in the D.C. area. They will also run on local D.C. news programs, as well as the Sunday, April 10, episode of “Meet the Press.” You can see the complete video of one of these ads here:
In addition to these ads, CFIF announced that it will run a national ad campaign to oppose Chapter 9 bankruptcy relief for Puerto Rico. At this point, CFIF has not disclosed how much it will spend on internet, cable, satellite and radio ads.
But the stakes are high, with billions of dollars up for grabs…so the ad spending may reach into the millions.
WHO IS BEHIND ALL THIS?
According to the New York Times, “a coalition of hedge funds and financial firms has hired dozens of lobbyists, forged alliances with Tea Party activists, and recruited so-called Astro-Turf groups on the island to make their case. This approach has proven successful overseas, in countries like Argentina and Greece, yielding billions in profit amid economic collapse.”
As a “Dark Money” group, CFIF is not required to disclose its donors, so we don’t know who is funding the ad buys.
It is reasonable to assume that several vulture funds and their lobbyists are involved…but federal law and the Citizens United decision of the US Supreme Court, make it illegal to compel the disclosure of who is paying for these “commercials.”
We may never know who creating and airing these TV ads, to keep Puerto Rico from receiving any debt relief.
That is why it’s called Dark Money.
*UPDATE: Today, the same day that I wrote this article (4/8/16), I saw this TV ad in NEW YORK CITY. Several other people reported seeing it in CALIFORNIA, FLORIDA, COLORADO and ILLINOIS.
So this ad has gone national.
For a history of the War Against All Puerto Ricans, read the book…
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Nelson: it’s running in Atlanta, GA also.
Dr.Pedro Albizu Campos once said there is no reform possible for a colony, the commonwealth (or ELA in Spanish) is slavery with a long chain. Make no mistake the master will shrink that chain at will and the necks to be squeezed are our own. Cancel Miranda recently pointed at how historically the Mexicans were stripped from Texas and California through armed robbery. Now Mexicans are considered immigrants in their own land. This may be what we are looking at in a generation and this time they (the U.S.) didn’t have to fire a single bullet. Their sleazy financial thugs (and our own local, greedy and corrupt opportunists) and the Congress are their silver bullet.
We need to rid PR of the actual goverment that keep giving the peoples money to his friends fire the whole legislation and representatives of the people they are no good. They are the ones keeping this island from moving forward.
There is no monetary crisis here, what we have is a Management crisis, corrupt politicians and governors, and agencies, from the simplest one to the Justice Dept. There is money floating around, in the last days contracts for PREPA hare been handled over, in Retiro, more jobs offered at $5000.00 monthly, just because we are in election season, so the money is not scarce, we need to get out of these corrupt officials, agencies, we need that the FB begin an investigation on PREPA power authority for RICO act violations, bailout? Better a sweep of the corrupt officials, politicians, etc, but done by the Federal Govt, since we don’t trust the local Justice Dept, the main source of corruption.
Seen in Chicago (multiple times)
Problem: PNP/ PPD and cohorts
Answer: Withdrawal from these parties and PIP take over. After all what’s to lose! We know the problems let’s correct them.
Call the number in the add , ask for your congressman and ask the to vote for the bailout!
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We must stop the “AY BENDITO”, attitude,
And come together as a people and fight,
And fast, because we are facing very powerful people.
And like I said ” our house is on fire!
When your house is on fire you Act!
We must act and unite as a people,
Because there may not be a Puerto Rico for us and our future generations of Puerto Ricans to be born.
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I saw it here in CA.
I think Puerto Rico needs to sue the US Army for taking Culebra from them and using it for target practice.
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This is so horrible. USA has screwed Puerto Rico in so many way and people fail to see it. Either because they are in denial or only know the US history books. Funny how it is never taught in schools the TRUE history and violation of PR at the hands of the US!
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“If there was one decision I would overrule, it would be Citizens United. I think the notion that we have all the democracy that money can buy strays so far from what our democracy is supposed to be . Supreme Court Judge – Ruth Bader Ginsburg, September 28, 2014.
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Reblogged this on It Is What It Is and commented:
The “game is rigged”!! These entities don’t want Puerto Rico to get back on its feet … they want to keep squeezing what is left … and then leave the carcass of a beautiful country. Not even real vultures will want it then. The Americsn way ….