Posted on 09/30/2017 3:09:57 PM PDT by pawpawrick
The governor Ricardo Rossello has little experience. Hes 36 and never really held a job and never dealt with a budget. His entire administration is totally inexperienced and they have no clue how to handle a crisis of this magnitude.
(Excerpt) Read more at nypost.com ...
Cuban puppet
The "Mayor"of San Juan is a STUPID COMMUNIST BITCH
KLINTOON TO BLAME FOR DESTROYING PR ECONOMY.
More than half a century ago, U.S. lawmakers sought to help Puerto Rico emerge from a colonial past, transforming its largely agrarian economy into a manufacturing powerhouse.
The effort, known as Operation Bootstrap, began with a series of tax breaks designed to attract manufacturers who would provide steady factory jobs.
For a time the plan seemed to work, as standards of living in Puerto Rico rose. Between 1950 and 1980, per capita gross national product grew nearly tenfold in Puerto Rico, and disposable income and educational attainment rose sharply, according to the Center for a New Economy, a think tank based in San Juan, Puerto Rico.
One of those tax breaks, enacted in 1976, allowed U.S. manufacturing companies to avoid corporate income taxes on profits made in U.S. territories, including Puerto Rico. Manufacturers, led by the pharmaceutical industry, flocked to the island.
But by the early 1990s, the provision faced growing opposition from critics who attacked the tax break as a form of corporate welfare. Much like the current debate over corporations parking profits offshore to avoid taxes, tax reformers saw the provision, known as Section 936, as too costly for the Treasury.
The tax break also had some unintended consequences, notably the unfair tax burden that fell to domestic Puerto Rican companies.
In 1996, President Bill Clinton signed the law that would phase out Section 936 over 10 years.
Plant closures and job losses followed. Ten years later, on the eve of the Great Recession, employment in Puerto Rico peaked. Left with a dwindling tax base, the Puerto Rican government borrowed heavily to replace the lost revenue. Puerto Ricos econonmy was devastated by BILL KLINTOON repeal of Section 936.
In the 1980's and 90's the economy was booming.
KLINTOON and his fellow communists just couldn't stand the fact that corporations could set up shop there and pay low taxes.
The communists in PR and the US conspired to kick out the US Navy, which was a HUGE mistake.
PR's current economy is a DIRECT RESULT OF AMERICAN COMMUNISTS in the CPUSA and DEMOCRAT PARTY
And U.S. citizenship is probably what’s ruining the island - the 10% who left, imagine what they might have contributed to the island’s economy. Oh, actually, we don’t have to imagine - at the island’s per capita GDP of $25K, they would have earned $100B over the last 10 years. Maybe not enough to erase the debt, but enough to make a dent.
PR doesn’t want independence. They want all the benefits of having American protect them without paying taxes!
President Hitlery would have done this, except they would be relocated to Florida ...
What I hear is that the truck drivers union went on strike and refuses to transport the supplies.
They’re on strike.
Isn’t that swell.
I have no sympathy if that is true, and they catch hell over it.
Interesting graphs. I decided to look at a satellite map and go all around the edge of PR. From the looks of it there is very little port capacity even in San Juan. I think I counted fewer than 20 off loading cranes there. Looks more puny than Baltimore. As for the rest of the island, only 1 or 2 protected port areas, and those appear to mostly have recreational or small fishing boats. “Cruise” around the island yourself and see how fast you think supplies can be unloaded and shipped around.
https://zoom.earth/#18.432876,-66.099243,13z,sat
The problem is not the major roads, it is the very secondary roads into the interior and the south east part of the island which took the Cat. 4 hit from Maria. Also I hope you look at the coast line of PR at the link I sent previously. It is going to be hard to get supplies to the SE by road and the ports look very puny. Hope the death toll does not rise much but am not too optimistic.
Pres. Of Truckers Union On .....On strike in PR..
'
You’re right..Flori-DUH ?...needs to be “turned”..in her view...
“His entire administration is totally inexperienced and they have no clue how to handle a crisis of this magnitude.”
Yeh, sure...After “the Big One” in Kalifornicate, the dems,who have been in charge forever, will have all back to normal in a month, RIGHT?
I’m glad your son’s OK, and wholeheartedly hope he remains that way.
It certainly is a bad thing if the Truckers Union is capitalizing on the emergency. What is the name of the president of that Union? On the other hand did you check out the satellite image of PR that I sent in Comment 50 and referred to in comment 51? After looking at road access to the SE area of PR, it looks like narrow roads through a lot of forest and almost no settlements except near the coast with it’s very small harbors. With so much road, so few people, and likely so much devastation, I doubt that there is much likelihood that local people could clear the roads from the north side of the island even if they had the will to do so. Take a look at the road and harbor situation serving the SE corner and tell me what you think.
There really isn’t much infrastructure there, but things were moving in the right direction until Bill KLINTOON and his comrades crippled the economy by repealing Section 936.
Turned it into an economic basket case resulting in a mass migration to Florida and New York that would bring votes to the communist DEMOCRAT party.
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