Showing posts with label Luis Fortuño. Show all posts
Showing posts with label Luis Fortuño. Show all posts

Saturday, February 12, 2011

Luis Fortuño Goes to Washington?

Apparently, Bob Barr is smitten with Luis Fortuño, Puerto Rico's Republican governor.  According to Barr, what Fortuño has done with the Puerto Rican economy is close to miraculous.
How bad was the situation facing Fortuño in the fall of 2008 even before he took office? Bad enough that Puerto Rico’s credit rating was near “junk bond” level; requiring Fortuño to travel to New York to meet with investment community leaders to urge them not to reduce the island’s rating even further. Puerto Rico’s budget deficit stood at $3.3 billion — at nearly 44% of revenues, worse than any of the 50 states. There was not even enough cash to meet his first payroll. One big reason for this predicament was the sheer size of the Commonwealth’s bureaucracy – nearly 70% of the budget was eaten up by government employee salaries and benefits. 
Puerto Rico’s fiscal turnaround since January 2009 has been nothing short of remarkable. 
The huge budget deficit has been reduced significantly; as a percentage of revenues it has dropped from nearly 44% to less than 11%. Government employment rolls have been reduced dramatically – by 17,000 and continuing to fall. Defined benefit pension plans have been closed out; the number of government agencies has been slashed; and the overall budget has been chopped a full 20%. 
As a direct result of Fortuño’s work, Puerto Rico’s bond rating with Moody’s has leaped from Baa3 to A3; the highest it has been in 35 years. 
Many questions can be raised about this particular story.  For example, what did Fortuño do with the 17,000 government employees out of a job?  Slashing budgets is really not the difficult part, so long as one has the heart for it.  Finding jobs for the displaced workers is the real challenge.

But what I find most intriguing about the story is Barr's suggestion that Fortuño image will rise nationally as a result of his success with the island's economy.  In fact, he argues that Fortuño is not a contender for the Republican nomination in 2012 . . . yet.  He is not alone.  None other than Grover Nordquist suggested as much over a year ago.

I don't know how to feel about this. I suspect it is a long shot, and by a wide margin.  I also presume that such a nomination would split the Latino vote.

And yet, can you even imagine a Latino President coming on the heels of a Black President?  

Unthinkable?

Wednesday, July 21, 2010

The Status of Puerto Rico, H.R. 2499, and Luis Fortuño

Last Sunday, George Will offered the Republican Party a way out of its present conundrum with respect to the growing Latino population. This is a population that cares deeply about the immigration issue, both as a matter of self-interest and as a symbolic issue. The conundrum is this: how to address the immigration debate without at the same time alienating Latinos? For an answer, Will looked to Luis Fortuño, governor of Puerto Rico and a member of the Republican Party.

According to Fortuño, the solution is simple: Republicans must couple their insistence on border control with support for statehood for Puerto Rico. Doing this would soften the Republican message of immigration reform. Interestingly, as Fortuño well knows, not all Latinos are the same, nor do they care about the same issues. Crucial to his argument is his belief that Latinos now share a common consciousness, thanks to many factors, including Spanish network television such as Telemundo and Univisión.*

* This makes no sense to me. I can’t see how an immigrant living illegally in Phoenix will find any comfort within a party that closed down the border and wishes to send him back across the border yet granted full citizenship to the people of Puerto Rico for politically expedient reasons. Does Fortuño really think Latinos are that stupid? 

The debate over the status of Puerto Rico presents very difficult questions about democratic citizenship, sovereignty, and American constitutionalism. Unfortunately, Fortuño does not engage these questions. Instead, Will and Fortuño focus their attention on the practical and political realities of Puerto Rican statehood. This is unfortunate because the status question, and the future of millions of American citizens living on the island, devolves into a question of political expediency.

Nobody said colonialism would be easy.