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Scott Walker's $4.1 billion Foxconn boondoggle

PELOSI !!!

No doubt. I wonder how long it will take for the heavily gerrymandered GOP legislature in WI to blame the new Democratic governor for this. "Look, we get a librul elitist socialist Democrat in the statehouse in Madison, and everything just goes to hell!"
 
No doubt. I wonder how long it will take for the heavily gerrymandered GOP legislature in WI to blame the new Democratic governor for this. "Look, we get a librul elitist socialist Democrat in the statehouse in Madison, and everything just goes to hell!"

That hasn’t happened yet?
 
Just because did the same thing in PA and other places for less money, WI shouldn't have thought it would happen to them.

Sort of like the Carrier plant Trump "saved" in Indiana where all the people were fired shortly after it re-opened.
 
https://www.cnn.com/2019/02/01/tech/foxconn-wisconsin-plant-trump/index.html

Trump calls Foxxcon convinces them to manufacture the TVs in Wisconsin. I am sure this is somehow a bad thing??

Good for him. It still doesn't negate the article's contention in the OP that the whole deal was a boondoggle from the beginning. According to the article, Walker and the state of Wisconsin are spending, depending on estimates, roughly $230,000 to $315,000 per job added: "Some doubt the subsidy will ever actually be recouped. “Realistically, the payback period for a $100,000 per job deal is not 20 years, not 42 years, but somewhere between hundreds of years and never,” wrote Jeffrey Dorfman, an economics professor at the University of Georgia, in a story for Forbes. “At $230,000 [or more] per job, there is no hope of recapturing the state funds spent.” And this was before the subsidy had risen to $4.1 billion, or about $315,000 per job."
 
https://www.cnn.com/2019/02/01/tech/foxconn-wisconsin-plant-trump/index.html

Trump calls Foxxcon convinces them to manufacture the TVs in Wisconsin. I am sure this is somehow a bad thing??

They said they would build things in PA and didn't.

They said they would build TVs in WI then decided not to do it.

Their word means nothing. Call me back when they are actually producing the number of TVs and jobs they promised. This company has a track record of not doing what they promise.
 
Yep.

In Trump reality (fantasy), claiming something is more important than doing something.
 
https://www.cnn.com/2019/02/01/tech/foxconn-wisconsin-plant-trump/index.html

Trump calls Foxxcon convinces them to manufacture the TVs in Wisconsin. I am sure this is somehow a bad thing??

"state taxpayers will pay $230,000 per promised job — but that assumes all 13,000 jobs materialize, as promised under the original terms. And Dorfman's analysis only counts the $2.85 billion from state taxpayers and not the tens of millions committed by Racine County and local municipalities."

And it's going to be a R&D facility filled with not manufacturing jobs. Foreign company thanks you for your participation Wisconsin tax payers. :fu:
 

The Verge went back to Wisconsin to check on Foxconn.

They didn’t find much.

https://www.theverge.com/2019/4/10/...ory-innovation-centers-technology-hub-no-news

Meanwhile, some state Democrats have grown so skeptical of the project that they don’t even see Republican moves like the lame duck bill as attempts to protect Foxconn; they see a plot to weaponize the deal’s inevitable implosion.

“It’s the Midwest Fyre Festival, straight up,” said state Rep. Jonathan Brostoff when I met him at a diner in Milwaukee, “all sizzle, no steak.” A pugnacious Democrat with a frizzy mane, the result of refusing to cut his hair until his bill improving sign language translator availability is passed, Brostoff thinks the project is “100 percent a scam,” that state Republicans know it, and that the reason they undermined Evers was so the “ticking time bomb of fiscal irresponsibility” explodes on his watch.

He points to the speed with which state Republicans blamed Evers when Foxconn said it wouldn’t build a factory. But Foxconn’s plans are so amorphous that it doesn’t even make a good political cudgel: two days later, Foxconn said it was staying.

——

The secrecy and vagueness are frustrating to critics. How do you prove that Foxconn won’t build an enormous LCD factory during an industry glut or create a research campus larger than MIT in rural Wisconsin other than by pointing out that experts — and even, occasionally, Foxconn executives — say it makes no sense?
 
Foxconn Innovation Centers On Hold Across The State

Not long after Foxconn Technology Group announced plans to build a massive manufacturing facility in southeast Wisconsin, the tech giant began making promises to share its model for economic development across the entire state. But 18 months after purchasing its first building in downtown Milwaukee, there is little evidence that what Foxconn calls its innovation centers are moving forward.

In addition to Milwaukee, innovation centers have been announced in Green Bay, Eau Claire, Racine and Madison. Development directors in those cities say Foxconn now appears to be focused on its main manufacturing campus in Mount Pleasant.
 
They said they would build things in PA and didn't.

They said they would build TVs in WI then decided not to do it.

Their word means nothing. Call me back when they are actually producing the number of TVs and jobs they promised. This company has a track record of not doing what they promise.

It's almost like what would happen could be predicted.
 
One of Trump's accomplishments!

 
lol, ended war on coal.

how exactly? didn't the largest coal mogul file bankruptcy?
 
War on coal. Trade war. War on Christmas. Pubs really love war. Nothing like a good war, even when it doesn't actually exist, to keep the base scared and pliable.
 
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