Luís Fortuño ruled over Puerto Rico like a miniature Ronald Reagan.
He fired 30,000 workers, closed over 100 schools, reduced pension benefits, raised the university tuition, and hiked gasoline and sales taxes. He also campaigned aggressively against Barack Obama and for Mitt Romney, even after Romney’s infamous “let’s forget the 47%” fiasco.
Fortuño watches the 47%...on television.
Unfortunately, the “47%” which Romney and Fortuño were prepared to forget, included nearly the entire population of Puerto Rico.
WHAT DID FORTUÑO DO WITH ALL THE MONEY?
By the end of his four-year term, the press reported a “flood” of private contracts that Fortuño doled out from 2009 till 2013. The amount was astounding: over $9.3 billion in private contracts.
Much of this flood of private contracts, was handed out to Fortuño’s friends and business associates.
Here is one example: in 2011, while firing 30,000 government workers to “save money,” Fortuño tried to push a $450 million gasoline pipeline for which the largest contract, worth $9.6 million, went to Ray Engineers PSC.
Ray Engineers had no pipeline construction experience but it was owned by Fortuño’s childhood friend, Pedro Ray Chacón.
In addition, even before the pipeline project was announced, the Fortuño administration awarded about $27 million in private contracts – without public bids – for “preliminary studies.”
Fortuño applauds for Mitt Romney
$1 BILLION FOR “PUBLICITY” AND $2.6 BILLION FOR “ORIENTATION”
During his own “good government” years, Fortuño fired 30,000 public workers…and then handed out billions of dollars in private contracts to his own personal friends. This included:
THE ROBBER IN PUERTO RICO, BECOMES A “REFORMER” IN WASHINGTON
Due to this orgy of borrowing and corrupt spending, the public debt of Puerto Rico was already $70 billion when Fortuño left office in 2013.
He left the island in a fiscal shambles, to enjoy a million-dollar partnership at the Washington, D.C. law firm of Steptoe & Johnson.
Currently, he has the gall to write “good government articles” such as this one, titled “Puerto Rico has a spending problem.”
SCARFACE IN LA FORTALEZA
Luis Fortuño’s political resume is dripping with corruption, nepotism, brutality, and financial mismanagement.
During his four-year term, he injected Wall Street loans and high-interest debt deep into the veins of the Puerto Rican economy.
At PREPA, Fortñuno created a Ponzi scheme…in which 82% of every “new” Wall Street loan, was used to pay the interest on the loan before it. This is a classic Ponzi scheme, and it was disclosed in a 23-page committee report from the Puerto Rico legislature in June 2015.
He closed over 100 schools, strangled the teachers’ union, and destroyed several others. By stamping out these unions, firing workers and eliminating pensions, he ensured that Puerto Ricans would desperately depend on this debt, and on his political party, for their own survival and well-being.
That is what dictators and drug dealers do.
As the drug dealer of Puerto Rico, Luis Fortuño ruled over the island, like Tony Montana ruled over Miami in Scarface.
And now he’s going to do it again, under the cover of “fiscal reform,” from behind the Financial Control Board.
For a history of the War Against All Puerto Ricans, read the book…
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