How Puerto Rico's power crisis ends
An interesting study of how we have had our own 3rd world nation as a territory, and how "goverment" control ruined it to the point of total collapse. One astounding piece was this:
"Congress established this seven-person board under President Barack Obama in 2016, as part of the Puerto Rico Oversight, Management, and Economic Stability Act, which aimed to dig the territory (and PREPA) out of its massive debt via increased US oversight. The board is able to seize public assets, break union contracts and cut pensions, and its austerity measures include lowering the minimum wage from $7.25 to $4.25 an hour."
In a nation that has seen huge protests, and "raise minimum wage to a livable standard", tha same patron saint of the left, the be all and end all of "sensitive government", cuts the minimum wage in PR? By their skewed logic, they should have RAISED it to $20 or 30$ and hour, isn't that what is happening here? Didn't Kalifornia do it? Washington, Seattle? If it is such a financial common sense, obvious answer, why did the Obamantion supervise the government "oversite" that CUT it? Isn't that, as they love to say, "mean" or "insensitive", and condem the PR people to slavery? This should be the poster state example of just why government control is so bad, the lefts obsessive need to have more government, even the current Republicrat desire for more (as long as they get a cut of everything for their donors). The other thing was the shining example of how a state owned power company successfully dragged their island back to the dark ages. All this should be rolled out as data to conclusively defeat any liberals arguments for state control, state run health care, state run anything.
"Congress established this seven-person board under President Barack Obama in 2016, as part of the Puerto Rico Oversight, Management, and Economic Stability Act, which aimed to dig the territory (and PREPA) out of its massive debt via increased US oversight. The board is able to seize public assets, break union contracts and cut pensions, and its austerity measures include lowering the minimum wage from $7.25 to $4.25 an hour."
In a nation that has seen huge protests, and "raise minimum wage to a livable standard", tha same patron saint of the left, the be all and end all of "sensitive government", cuts the minimum wage in PR? By their skewed logic, they should have RAISED it to $20 or 30$ and hour, isn't that what is happening here? Didn't Kalifornia do it? Washington, Seattle? If it is such a financial common sense, obvious answer, why did the Obamantion supervise the government "oversite" that CUT it? Isn't that, as they love to say, "mean" or "insensitive", and condem the PR people to slavery? This should be the poster state example of just why government control is so bad, the lefts obsessive need to have more government, even the current Republicrat desire for more (as long as they get a cut of everything for their donors). The other thing was the shining example of how a state owned power company successfully dragged their island back to the dark ages. All this should be rolled out as data to conclusively defeat any liberals arguments for state control, state run health care, state run anything.
This is what happens when reliance is on the state."increased US oversight. The board is able to seize public assets, break union contracts and cut pensions, and its austerity measures include lowering the minimum wage from $7.25 to $4.25 an hour."
It reminds me of a minimum wage hike bill that exempted Guam, the largest employer was a co. Controlled by Rep. Nancy Pillheadosi's husband.
No lobbyist needed that time to get the hand out.
PR is a fiscal basket case and they keep voting for food and freebies the huge debt and bailouts are never ending. Now they want Tesla to provide battery packs for solar farms in conjunction with US aid.
Funny but a hundred years ago the Real Nikola Tesla was promoting a wireless electric grid promoting virtually free power trans mission.
He was shut down by JP Morgan who had large investments in copper for power lines.
Had Tesla or John Galt arrived in PR 100 years ago power would be up and running already.
For what it's worth, I'm also a big N. Tesla fan but also have 30 years in Electrical and Computer Engineering, a degree in Nuclear Physics, and am an Extra class Amateur Radio operator. There are some things Physics just doesn't allow.
Jessica should read AS before writing anything else. Hopefully no one will buy her statist sci-fi.
Typical media report from a writer who is either clueless or purposely misleading to endorse government looters as a solution to problems created by government looters.