Trump to Puerto Rico: Drop Dead
Early Thursday, Trump tweeted that Puerto Rico is responsible for the island’s financial crisis and storm-related electricity shortages that left the island without power after Hurricane Maria swept through on September 20 and destroyed crops, the electrical grid and communication lines in a nation already struggling with poverty.
“Puerto Rico survived the Hurricanes, now a financial crisis looms largely of their own making,” Trump said on Twitter. “Electric and all infrastructure was disaster before hurricanes. Congress to decide how much to spend…”
Flood insurance? Not hardly, not in Puerto Rico
One of the most eye-opening statistics in the aftermath of Hurricane Maria’s roar through here is that there were just 5,675 federal flood insurance policies on an island with nearly 1.57 million housing units.
That means less than one-half of 1 percent of the commonwealth’s homes were covered. Many will instead try to tap low-interest federal loans to rebuild.
The dearth of flood policies in Puerto Rico means the federal program will be required to pay little of the perhaps $85 billion in privately and federally insured losses from Hurricane Maria; the total includes not just homeowners’ flood claims, but also, for instance, property damage. most of the losses occurred in Puerto Rico.