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Thread: Scott Walker's $4.1 billion Foxconn boondoggle

  1. #21
    Quote Originally Posted by Deacfreak07 View Post
    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!"

  2. #22
    Never Murdered My FIL
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    Quote Originally Posted by Highland Deac View Post
    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 hasnít happened yet?

  3. #23
    PM a mod to cement your internet status forever RJKarl's Avatar
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    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.

  4. #24
    https://www.cnn.com/2019/02/01/tech/...ump/index.html

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

  5. #25
    I mean shitty deal is still shitty just not disaster level shitty.

  6. #26
    Quote Originally Posted by WFcatamount22 View Post
    https://www.cnn.com/2019/02/01/tech/...ump/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. ďRealistically, 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,Ē wrote Jeffrey Dorfman, an economics professor at the University of Georgia, in a story for Forbes. ďAt $230,000 [or more] per job, there is no hope of recapturing the state funds spent.Ē And this was before the subsidy had risen to $4.1 billion, or about $315,000 per job."

  7. #27
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    Quote Originally Posted by WFcatamount22 View Post
    https://www.cnn.com/2019/02/01/tech/...ump/index.html

    Trump calls Foxxcon convinces them to manufacture the TVs in Wisconsin. I am sure this is somehow a bad thing??
    So itís good if our president has to beg foreign companies to invest in the US?

  8. #28
    PM a mod to cement your internet status forever RJKarl's Avatar
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    Quote Originally Posted by WFcatamount22 View Post
    https://www.cnn.com/2019/02/01/tech/...ump/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.

  9. #29
    Robert O'Kelley
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    Yep.

    In Trump reality (fantasy), claiming something is more important than doing something.
    I love mankind...itís people I canít stand!!

  10. #30
    Quote Originally Posted by WFcatamount22 View Post
    https://www.cnn.com/2019/02/01/tech/...ump/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 ó 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.
    When in doubt, rub one out -BiffTannen

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