Five days before the election, ABC News annointed Ricky Roselló to the governor’s mansion.
According to ABC, Ricky is “expected to win” and will be the “next governor of Puerto Rico.”
ABC also announced that Ricky will make statehood “the central focus” of his administration.
In other words, Governor Ricky will be a tragic failure…because statehood is nearly impossible for Puerto Rico.
Here is why:
THE $72 BILLION DEBT
If you had a business, would you take on a new partner who owes $72 billion?
Of course not.
You would tell that “partner” to clean up their debt…then, and only then, would you consider talking to them.
Puerto Rico is in the same position.
The US Congress will not take on a $72 billion debtor, who will siphon off federal budget dollars, from all 50 states. This is common sense.
With a population of 3.6 million, Puerto Rico would send two US senators and five congresspersons to Washington, D.C.
Can you think of five US states that would willingly give up a congressional seat, and hand it to Puerto Rico?
I certainly can’t.
Moreover, all of these new Puerto Rican congresspersons would be Democrats.
Do you think the Republican Party will allow that?
For the past five months, the GOP has refused to select a US Supreme Court judge. They are now threatening to impeach Hillary Clinton, if she wins the presidential election.
Do you think this same GOP will roll out the welcome mat, for seven Democrats from Puerto Rico?
All the bondholders that are holding Puerto Rico’s $72 billion “debt” would lose a fortune if Puerto Rico became a state…because the island would then immediately qualify for Chapter IX bankruptcy protection. These bondholders – hedge funds, pension funds, private equity firms and billionaires like John Paulson – will spend a fortune on lobbyists, TV commercials and corrupt congressmen to make sure that Puerto Rico does not become a state.
All the US corporations that are selling overpriced goods in Puerto Rico (15-20% higher) due to the Jones Act, will oppose any statehood measures, since that could lead to Jones Act reform and an end to the Cabotage Law in Puerto Rico.
The unions in Jacksonville, the four Jones Act carrier companies (Horizon, Crowley, Sea Star, National), the Jacksonville Chamber of Commerce, and the American Maritime Partnership will all oppose Puerto Rican statehood.
Puerto Rican debt instruments have been popular on Wall Street because they are triple tax exempt – with no federal, state or local taxes on them. This tax benefit would disappear if the island were to become a state: so Wall Street will oppose it.
Controlled Foreign Corporations (CFCs) who use Puerto Rico as a tax shelter – allowing them to pay a 2 percent tax rate, rather than the US corporate rate of 35 percent – will all oppose Puerto Rican statehood.
All of these interests – Wall Street banks, bondholders, pension funds, Controlled Foreign Corporations, US consumer goods corporations, Jones Act carrier companies, Jacksonville unions, John Paulson – will hire lobbyists and give unlimited sums of money, over and under the table, to congresspersons who will oppose the statehood of Puerto Rico.
AMERICAN PUBLIC OPINION
In 2015, when a Puerto Rican won the Powerball Lotto, the racist insults lit up the internet.
A few weeks later Ann Coulter published Adios, America – which portrays Latinos as rapists, murderers and welfare cheats – and the book was an immediate New York Times Best Seller.
Donald Trump ran an anti-Latino campaign for 18 months, and won the GOP nomination for president of the US.
After 118 years, on the most basic levels, the US has not come very far. Significant numbers of “patriotic Americans” still view Puerto Ricans as foreigners and somehow inferior. They won’t come out and say it: they’ll just read Ann Coulter, vote for Trump, and quietly resent us.
When the issue of statehood for Puerto Rico comes up, that resentment will express itself with two words: Hell, No!
THE EARLY WORDS OF RUBÉN BERRÍOS
Thirty-six years ago Rubén Berríos, the president of the Independence Party of Puerto Rico (PIP) did something alarming…
He told the world that the two major parties in Puerto Rico (PPD and PNP) were a complete fraud because all their campaigns, and all their candidates, were based on whether or not Puerto Rico should be the 51st state of the United States.
But this statehood is nearly impossible, for all the reasons discussed in this article. In the words of La Lupe…it is all puro teatro.
Rubén Berríos was right.
The “statehood question” is used by people with no qualifications, political program or personal ethics, in order to get elected and put their entire family on the government payroll.
Here is that original speech from Rubén Berríos, as given in 1980:
PURO TEATRO, AND A FAILED GOVERNOR
Since the “Statehood” claim of Ricky Roselló will soon be exposed as puro teatro, what would his governorship be really about?
It will be about using the US Financial Control Board (FCB) in order to:
Another PNP operative, Francisco Cimadevilla, has already been hired by the FCB, and paid by the FCB, to handle media relations for the FCB.
THIS is what the Ricky Roselló administration will be about…extracting further profit from Puerto Rico, while another half-million Puerto Ricans are forced to leave their beloved homeland.
Someone should tell this to ABC News.
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