Puerto Rico Worse than Katrina
- Thread starter Lesh
- Start date
Why Is This Law Still on the Books?
There's just one reason to keep the Jones Act, and it's not a good one.
11:35 AM, NOV 01, 2017 | By THE EDITORS
http://www.weeklystandard.com/editorial-why-is-this-law-still-on-the-books/article/2010290
Just an opinion.
It's a National Security issue.
Building Ships overseas is cheaper, why should we bother building Ships here?
Answer: So we have the industrial capacity of knowledge, manpower, skill, and technology to build American Naval Ships. In between building 'Navy Ships', there needs to be a viable commercial enterprise occurring.
You mean collective aid that goes to a place that doesn't put into the pot from which they demand to draw? Same with social welfare freeloaders. They demand someone else do for them, whining that taxes on those "having more than they need" fund it, yet they don't contribute to the pot from which they draw. It's easy for them to say raise someone else's taxes because they know they aren't, and likely never will, pay them.
It was.
ThatOwlWoman
Not Nice
WASHINGTON ― The Jones Act waiver for Puerto Rico expired Sunday night, and “it is not being extended at this time,” Department of Homeland Security spokesman David Lapan told HuffPost on Monday.
DHS had temporarily waived the Jones Act ― an arguably outdated law that imposes exorbitant shipping costs on the U.S. island ― on Sept. 28. The waiver had meant that Puerto Rico had the option of importing food, fuel and supplies more quickly, and for half the cost, in the aftermath of Hurricane Maria.
With the 1920 law back in effect, the island is now required to pay much higher costs to import supplies. The Jones Act requires that all goods shipped between U.S. ports be carried by U.S.-owned and operated ships, which are more expensive vessels than others in the global marketplace. That’s meant that Puerto Rico pays double the costs to import goods from the U.S. mainland compared with neighboring islands ― and that U.S. vessels are making bank.
Thank you for agreeing.
Getin the ring
Verified User
no, the sad part is your lack of understanding on logistics.
Read it again.
You missed this
an arguably outdated law that imposes exorbitant shipping costs on the U.S. island
That’s meant that Puerto Rico pays double the costs to import goods from the U.S. mainland compared with neighboring islands ― and that U.S. vessels are making bank.
This is regarding a waiver that Trump removed for an island that essentially has no economy.
WHat exactly did I "agree" with?
No need too. Trump suspended the Jones act. You clearly showed that in your link. Big bold letter are not going to change that. You may go now.
And by the way there way Lesh, the Jones Act has no significant effect on retail prices in Puerto Rico. It does not "double" the cost of anything. You really need to not just google and post the first thing that you think agrees with you.
https://www.americanmaritimepartnership.com/press-releases/new-report-finds-retail-prices-in-puerto-rico-are-not-affected-by-the-jones-act/
New Report Finds Retail Prices in Puerto Rico Are Not Affected by the Jones Act
July 18, 2018 Press Releases
Jones Act carriers provide reliable, high frequency shipping services between the U.S. mainland and Puerto Rico, while foreign vessels continue delivering to Puerto Rico from foreign countries.
WASHINGTON – Economists from Boston-based Reeve & Associates and San Juan-based Estudios Técnicos, Inc. today released a joint report, “The Impact of the Jones Act on Puerto Rico,” that concluded the Jones Act has no impact on either retail prices or the cost of living in Puerto Rico. In addition, the report found that the state of the art maritime technology, Puerto-Rico focused investments, and dedicated closed-loop service offered by Jones Act carriers provide a significant positive economic impact to the island, at freight rates lower or comparable to similar services to other Caribbean Islands.
In the first comprehensive report on the impact of the Jones Act in Puerto Rico following Hurricane Maria, the authors analyzed the economic impact of the Jones Act – a critical economic and national security law that ensures goods transported from U.S. port to U.S. port be on vessels that are American crewed, and American built and owned. The report analyzed the impact on consumers by evaluating the competitiveness of freight rates in the United States/Puerto Rico market, the quality of service provided by the Jones Act carriers, and the impact of the carriers’ freight rates on the prices of goods shipped between the United States mainland and Puerto Rico.
“There has been much debate about the impact of the Jones Act on Puerto Rico, particularly following Hurricane Maria,” said John Reeve, the principal in Reeve & Associates and the lead economist on the study. “The findings of our analysis show that reliable, efficient, and regular Jones Act services benefit consumers and businesses on the island, and no evidence suggests that exempting Puerto Rico from the Jones Act would reduce consumer prices in Puerto Rico. On the contrary, such an action may well increase prices.”
“The results were overwhelmingly conclusive regarding the economic contributions of the Jones Act to Puerto Rico. Their detailed, fact-based analysis found that Puerto Rico received very similar or lower shipping freight rates when compared to neighboring islands and that the transportation costs have no impact on retail prices on the island,” said Matt Woodruff, Chairman of the American Maritime Partnership. “Moreover, the study found that prior claims and press reports that questioned the value of the Jones Act to Puerto Rico were erroneous and their validity completely undermined when compared to the economic facts at hand.”
In summary, the findings include:
The Jones Act has no impact on either retail prices or the cost of living in Puerto Rico.
The report found that shipping costs between the mainland and Puerto Rico make up only a small percentage of the retail price. For example, ocean shipping accounts for just 3 cents (or two percent) in the retail price of $1.58 for a can of chicken soup in San Juan. It found that, “[e]ssentially, transportation costs for Puerto Rico are not materially different than those on the mainland.”
A market basket analysis of an assortment of consumer goods at Walmart Stores in San Juan, Puerto Rico, and Jacksonville, Florida, found there was “no significant difference in the prices of either grocery items or durable goods between the two locations.” In fact, retail prices of goods in Puerto Rico are essentially the same as on the mainland.
https://www.americanmaritimepartnership.com/press-releases/new-report-finds-retail-prices-in-puerto-rico-are-not-affected-by-the-jones-act/
New Report Finds Retail Prices in Puerto Rico Are Not Affected by the Jones Act
July 18, 2018 Press Releases
Jones Act carriers provide reliable, high frequency shipping services between the U.S. mainland and Puerto Rico, while foreign vessels continue delivering to Puerto Rico from foreign countries.
WASHINGTON – Economists from Boston-based Reeve & Associates and San Juan-based Estudios Técnicos, Inc. today released a joint report, “The Impact of the Jones Act on Puerto Rico,” that concluded the Jones Act has no impact on either retail prices or the cost of living in Puerto Rico. In addition, the report found that the state of the art maritime technology, Puerto-Rico focused investments, and dedicated closed-loop service offered by Jones Act carriers provide a significant positive economic impact to the island, at freight rates lower or comparable to similar services to other Caribbean Islands.
In the first comprehensive report on the impact of the Jones Act in Puerto Rico following Hurricane Maria, the authors analyzed the economic impact of the Jones Act – a critical economic and national security law that ensures goods transported from U.S. port to U.S. port be on vessels that are American crewed, and American built and owned. The report analyzed the impact on consumers by evaluating the competitiveness of freight rates in the United States/Puerto Rico market, the quality of service provided by the Jones Act carriers, and the impact of the carriers’ freight rates on the prices of goods shipped between the United States mainland and Puerto Rico.
“There has been much debate about the impact of the Jones Act on Puerto Rico, particularly following Hurricane Maria,” said John Reeve, the principal in Reeve & Associates and the lead economist on the study. “The findings of our analysis show that reliable, efficient, and regular Jones Act services benefit consumers and businesses on the island, and no evidence suggests that exempting Puerto Rico from the Jones Act would reduce consumer prices in Puerto Rico. On the contrary, such an action may well increase prices.”
“The results were overwhelmingly conclusive regarding the economic contributions of the Jones Act to Puerto Rico. Their detailed, fact-based analysis found that Puerto Rico received very similar or lower shipping freight rates when compared to neighboring islands and that the transportation costs have no impact on retail prices on the island,” said Matt Woodruff, Chairman of the American Maritime Partnership. “Moreover, the study found that prior claims and press reports that questioned the value of the Jones Act to Puerto Rico were erroneous and their validity completely undermined when compared to the economic facts at hand.”
In summary, the findings include:
The Jones Act has no impact on either retail prices or the cost of living in Puerto Rico.
The report found that shipping costs between the mainland and Puerto Rico make up only a small percentage of the retail price. For example, ocean shipping accounts for just 3 cents (or two percent) in the retail price of $1.58 for a can of chicken soup in San Juan. It found that, “[e]ssentially, transportation costs for Puerto Rico are not materially different than those on the mainland.”
A market basket analysis of an assortment of consumer goods at Walmart Stores in San Juan, Puerto Rico, and Jacksonville, Florida, found there was “no significant difference in the prices of either grocery items or durable goods between the two locations.” In fact, retail prices of goods in Puerto Rico are essentially the same as on the mainland.
You need to stop making a fool of yourself now. At least learn something before attempting to speak to it.