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Friday, 13 October 2017 07:00

Trump to hurricane-ravaged Puerto Rico: We're not staying forever

Written by  USA Today

If your company goes bankrupt, it’s a sign of your brilliance if you use all the federal laws at your disposal to rescue yourself and leave vendors, contractors and investors standing in line looking for 10 cents on the dollar.

That’s what Donald Trump said repeatedly during the 2016 presidential election.

Talking to David Muir of ABC World News Tonight in June of 2016, Trump said, “What I've done is I’ve used, brilliantly, the laws of the country. And not personally, just corporate. And if you look at people like myself that are at the highest levels of business, they use — many of them have done it, many times.”

In a different interview, he explained that any good businessman would renegotiate the terms of his company’s debt if there was a recession. “You go back and you say, 'Guess what, the economy crashed, I’m going to give you half.'”

More: Puerto Rico has problems, but  Trump isn't one of them: Glenn Reynolds

More: Treat Puerto Rico hurricane like rebuilding Iraq and Afghanistan

So it was galling to read Trump’s Thursday morning tweets about Puerto Rico, a U.S. territory, not a private business, ravaged by Hurricane Maria. The president is putting U.S. citizens on warning that the government can’t stay forever, the island’s financial mess was self-created and its poor electrical grid is a problem for Puerto Rico, not the federal government.

Read more at USA Today

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