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Why do we have a PR Pride Day parade in the first place? Makes no more sense than the US celebrating Cinco De Mayo. A terrorist pardoned by Obama btw.

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It’s time for the members of the National Puerto Rican Day Parade board to put the celebration ahead of their personal pride and rescind the “National Freedom Hero” honoring of terrorist Oscar López Rivera.

The parade’s lost all its marquee sponsors, from Goya Foods to the New York Yankees to Univision. Police Commissioner James O’Neill and acting Brooklyn DA Eric Gonzalez refuse to march over the OLR honors.

And a parade day “flu” has claimed every statewide elected official: Gov. Cuomo, Sens. Chuck Schumer and Kirsten Gillibrand, Attorney General Eric Schneiderman and Comptroller Tom DiNapoli are all no-shows.

(Don’t take any support from the City Council at face value: In budget season, members fear Speaker Melissa Mark-Viverito will penalize their districts if they don’t side with her in honoring OLR, her idol.)

Mayor de Blasio is the only pol of note still on board — odd as that choice is for the leader of a city targeted by al Qaeda and ISIS-inspired terrorism, as well as OLR’s FALN.

GOP mayoral candidate Nicole Malliotakis has it right: Celebrating López Rivera is “equivalent to 40 years from now saying it is OK to honor a member of al Qaeda.”

Yes, much of the Puerto Rican community supported clemency for him. But only the far-left fringe is eager to follow a terrorist up Fifth Avenue.

This year’s parade can still proceed despite it all, but future parades are at risk: Funding from one year is the seed money for the next, and an event that’s lost so many sponsors won’t have much left.

Plus, a board that has miscalculated so badly will have trouble raising cash to make up the deficit. Donors hate controversy.

Angelo Falcón, president of the National Institute for Latino Policy, warns the “Incredible Shrinking (or maybe even Vanishing) Parade” may be yet another institution “marching straight into the Intensive Care Unit (or Hospice) of history.”

The board doesn’t even have to admit it made a huge mistake: It can say it’s just guarding the parade’s long-term interests.

After all, Schneiderman installed the current leadership after ousting a previous board over fiscal abuses. Even if he’s running for cover now, the new board should see its clear duty: Marching the Puerto Rican Day Parade off a cliff for the likes of Oscar López Rivera is a betrayal of trust.

Desperation met stupidity on the corner of bad luck and despair, and the democratic party was born.

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Several key sponsors of New York City's annual Puerto Rican Day Parade pulled out after organizers decided to honor a convicted terrorist.

Organizers announced this year they plan to name Oscar López Rivera a "National Freedom Hero;" making it the first and only time they've awarded the honor, the New York Times reported.  López Rivera was pardoned by President Barack Obama after serving over 35 years in prison for masterminding a series of bombings across the United States as a member of the Stalinist-Marxist pro-Puerto Rican independence militant group F.A.L.N.

The most notorious F.A.L.N. bombing occurred in downtown New York City in 1975, killing four people. Six more people died in the bombing spree overseen by López Rivera (including a police officer) and dozens more were maimed.

López Rivera got fifteen more years tacked onto his sentence while in prison for trying to escape with explosives. Former President Bill Clinton in 1999 offered all members of the F.A.L.N. clemency on the condition that they renounce violent terrorism, but López Rivera was the only one to refuse.

López Rivera refuses to call himself a terrorist, however. "I do not have blood on my hands, and that’s why I cannot be a terrorist," he said after he was released on May 17.

Police groups were among the first to pull out of the parade, with the NYPD and the NYPD's Hispanic Society announcing their intention to boycott. The FDNY officers' union and FDNY Hispanic Society on Tuesday announced the same.

Other major corporations and parade mainstays including the New York Yankees, AT&T and JetBlue will also boycott the parade. Latin-American food giant Goya Foods also has pulled its sponsorship, but wouldn't attribute the decision to the López Rivera invite.

But Democratic Mayor Bill de Blasio still plans to attend the parade.

"The organization he was affiliated with did things I don’t agree with, obviously, and they were illegal," he said at a press conference. "All things considered, I understand why so many Puerto Ricans in this city respect that he fought for Puerto Rico, in their eyes."

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