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Ad campaign compares Puerto Rico to Venezuela
Published on June 21, 2014 Email To Friend    Print Version

DES MOINES, USA -- The American Future Fund (AFF), a US nonprofit organization, has launched an advertising campaign warning that Governor Alejandro Padilla of Puerto Rico is leading the island commonwealth down a dangerous path with policies and tactics similar to those of rogue leaders like President Nicolas Maduro of Venezuela and President Cristina Kirchner of Argentina.

According to AFF, in recent weeks, Padilla and his administration have taken a series of steps that have culminated in contracts with private investors being shredded, the use of government forces to intimidate and retaliate against private individuals and interests, and a weakening of confidence in the bond markets for the Commonwealth. This is a long-term threat to US taxpayers, who may be asked to shoulder a bailout of the island as it teeters on economic collapse. Washington should be deeply concerned.

Nick Ryan, founder of AFF, said: "We are launching this advertising campaign to warn US policymakers that Governor Padilla's reign in Puerto Rico is a direct threat to US taxpayers. Under Governor Padilla, the Commonwealth has moved aggressively away from the U.S. principles and modeled his government after rogue regimes like Argentina and Venezuela and intimidating private companies. On top of this, Puerto Rico has over $70 billion in public debt, and it is the US taxpayer that will have to bail out the Commonwealth when they default."

In San Juan this week, Padilla sought to ease the growing fears of investors, claiming that Puerto Rico was a "completely open economy that encourages investment.'' He added that the island's “protection of intellectual property and the banking and financial systems is the same as the United States."

Ryan questioned that assertion.

"Governor Padilla's claim that Puerto Rico adheres to US banking and financial regulations flies in the face of reality. Instead, he has overseen the use of government agencies and regulators to threaten and intimidate private interests operating on the Island. We urge Governor Padilla to put Puerto Rico on the right track to good governance and an open democracy that is free of threats and intimidation against private interests and that provides financial transparency for its people, investors, creditors, and US taxpayers," concluded Ryan.
 
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Comments:

Lou:

The fact that this governor,as well as his "popular Democrats" uses wording such as "same as the US" is troubling.

PUERTO RICO IS A US TERRITORY. It is US soil. Everyone born there is a US citizen. Yet,this filthy despicable Governor deliberately mentions the US IN A THIRD PERSON MANNER. As if the US were a FOREIGN entity. AS IF PR WASN'T PART OF THE US!

Some facts.....

98% Of island Puerto Ricans want to maintain US citizenship and pass it to their children.

96% Want PR to maintain its "permanent" union with the US.

Gvernor Padilla's "commonwealth" party claims "commonwealth" has these features. THE US CONGRESS (WHICH HAS ABSOLUTE PLENARY POWERS OVER PR ) HAS MADE IT CLEAR any future Congress can alter Puerto Rico's special treatment, dispose of the island,or whatever it wants.

The US constitution's territorial clause grants Congress these powers over territories.

Congress has stated PUERTO RICANS MUST VOTE STATEHOOD FOR PERMANENT UNION AND CITIZENSHIP.

Only 4% desire independence. EVEN THEY WANT "DUAL"CITIZENSHIP OPTION!


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