Hillary Clinton just issued her first and only “policy statement” regarding Puerto Rico. In 376 words, she said practically nothing but conveyed one great point: that Clinton cares very little about Puerto Rico.
The entirety of her policy statement appears here…
I can save you a little time. Here is the meat of the Clinton policy:
1. Congress should extend bankruptcy rights to Puerto Rico
2. Puerto Rico should get more Medicaid and Medicare
3. Puerto Rico should hold another status referendum
This is what is known as Hispandering.
SHE KNOWS THAT CONGRESS WILL NOT ACT
Clinton has accepted nearly $1 million in campaign funds from the hedge funds that are operating in Puerto Rico, and opposing Chapter 9 for the island.
She also knows that no one – neither Congress nor the next president – will want to implode a municipal bond industry which, at $3.7 trillion annually, represents 22% of the $17 trillion US economy. 50 states re-negotiating and re-pricing 22% of the US economy, all at the same time, would be a capitalist disaster and Clinton knows it.
For this reason, Puerto Rico will not suddenly and abruptly receive any Chapter 9 powers. Clinton knows it…but she’s not telling us. She’d rather blame the Republicans.
SHE SELLS MORE BENEFITS AND MORE DEPENDENCY
Medicaid and Medicare benefits are important, particularly in a vulnerable and chaotic economy. But Clinton is not addressing health care costs, health insurance abuses, or pharmaceutical company price gouging. Why? Because Clinton is receiving contributions from the AMA, the insurance industry, and big pharma.
Clinton prefers to wave “benefits” like a carrot on a stick, rather than reform the industry itself. The burden on taxpayers, and the continued dependency of Puerto Ricans on the federal government, does not concern her.
What does concern her, is making sure that Puerto Ricans can continue to buy pills, and meet their premium payments to the insurance companies…all paid by the US taxpayer.
SHE SELLS A FAKE STATEHOOD
Politically: five US states will not happily give up a congressional seat, to make way for five Puerto Rican congresspersons.
Economically: Wall Street will not abandon triple tax-exempt bonds. Vulture funds will not relinquish their “public private partnership” racket. The Jacksonville, FL labor unions; the big three shipping companies (Crowley, Sea Star, Horizon); US automakers; and all the consumer goods corporations (Monsanto, Procter & Gamble, Coca Cola, etc.) will not loosen their lucrative stranglehold on the Puerto Rican economy via the Jones Act.
Sociologically: Ann Coulter writes Adios America and it’s an instant #1 New York Times Bestseller. Trump bashes Latino immigrants and wins the Republican party nomination. A Puerto Rican wins the Powerball, and the internet explodes with racist invective.
On all these levels, the opposition to Puerto Rican statehood is deeply entrenched. Clinton knows that congress will not concede Puerto Rico the “statehood” status for a very long time, and certainly not during her White House tenure. Therefore, her “status referendum” is an electoral sham.
AN INSULT TO THE INTELLIGENCE
After 118 years, Puerto Ricans have few expectations from US politicians.
But at the very least, even as they lie to us, they should not be so obvious and heavy-handed about it. The Clinton “Policy for Puerto Rico” is an insult to the intelligence.
For a history of the War Against All Puerto Ricans, read the book…
Si prefiere ver la página web en español por favor visite: http://www.guerracontratodoslospuertorriquenos.com