Today, President Obama will sign PROMESA, a last minute attempt at helping Puerto Rico two days before the territory owes its next debt payment. The legislation is hardly perfect but in the face of default Democrats and Republicans attempted to work together for some solution. Loud opposition to the government assisting Puerto Rico has been a road block to previous legislation.
The Koch brothers have been some of the most active opponents to helping the territory restructure its debt. Several Koch allies, including donor Ken Griffin, have interests in Puerto Rico and hope to profit off the economic downturn. Leading their efforts is their Latino front group, the LIBRE Initiative. LIBRE claims it advocates for issues that benefit Latino communities; however, they lobby first and foremost for the Kochs’ agenda — meaning they regularly fight for policies that negatively affect Latino communities. LIBRE has joined the Kochs to fight against raising […]