Bloomberg: Trump to Announce Apple Supplier Foxconn Opening Wisconsin Plant

[Virginiá]

https://www.bloomberg.com/news/articles/2017-07-26/trump-to-announce-apple-supplier-foxconn-opening-wisconsin-plant

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I'm just curious, but if they are getting a tax incentive close to 3 billion, what exactly is the point of even pursuing them at all? I get the idea of some small incentives but that amount is patently absurd. If local, state and federal govt money is used like this for jobs, why not just invest directly in the people of Wisconsin rather than handing it to some faceless multinational corporation? And what about the "free market"? What I see is loads of corporate welfare while Republican politicians tell taxpayers welfare/entitlements are bad and budgets must be cut.

Also, love how Trump is angling to take PR credit for this.

[Matty]

I would love it if our tech sector used some of its insane profit margins to help our displaced workers here at home.

Good on Apple for this.

If a chinese laborer can build an iphone, so can a displaced factory worker here on main street.

[Santander]

Have fun working in a sweatshop, Sconnies.

[KingSweden]

I would love it if our tech sector used some of its insane profit margins to help our displaced workers here at home.

Good on Apple for this.

If a chinese laborer can build an iphone, so can a displaced factory worker here on main street.

But will that displaced factory worker accept Chinese-level wages and work conditions.

Also:

FoxCONn did this in Pennsylvania awhile back....they took the incentives and never even built the plant. They've done this a couple times

Foxconn is not a reliable partner for US municipalities

[Indy Texas]

Why not use that $3 billion to fund college education and training so people can get jobs that you don't have to bribe foreign companies to give them?

[#gravelgang #lessiglad]

Jurisdictions should not be subsidizing corporate profits. Especially not foreign corporations.

[Virginiá]

Why not use that $3 billion to fund college education and training so people can get jobs that you don't have to bribe foreign companies to give them?

Exactly. It is such a massive waste of resources. States ought to be forced to run full page ads in newspapers for weeks telling people exactly how much taxpayer money they are handing over to corporations just to throw a few jobs their way. Maybe then it won't look like such a good idea, and more like an easy way for politicians to look good as they throw other people's money down the drain.

At some point it would be nice if we could see a new way of thinking evolve, where lawmakers just invest directly in the people instead of plowing money into corporate welfare schemes that have piss-poor ROI.

[Santander]

This is ridiculous:

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Clown Walker doles out $3 million per job but no money for schools

Such figures tend to be truthfully misrepresented to play into the narrative of whoever is bringing them up.

[publicunofficial]

Will this factory come with the suicide nets around the building like the ones in China?

[Gass3268]

GOP does not have votes to approve Walker's Foxconn deal after report says it will take decades to recoup tax breaks

This would be delicious after all the hype Walker and the rest of the Wisconsin mafia pushed on this.

[Virginiá]

Wisconsin panel changes court rules for Foxconn plant

http://www.seattletimes.com/business/wisconsin-panel-changes-court-rules-for-foxconn-plant/

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[Dr. Arch]

Wisconsin's local politics are a disgusting disaster.

[Hindsight was 2020]

Damn I wouldn't be surprised if this takes Walker down in 2018

[KingSweden]

Wisconsin panel changes court rules for Foxconn plant

http://www.seattletimes.com/business/wisconsin-panel-changes-court-rules-for-foxconn-plant/

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JFC!

Putting American companies and American workers first, I see

[Badger]

Wisconsin panel changes court rules for Foxconn plant

http://www.seattletimes.com/business/wisconsin-panel-changes-court-rules-for-foxconn-plant/

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That is an unprecedented Act of corporate welfare and judicial bypass for a special corporate friend. Beyond reprehensible

[Dr. Arch]

Damn I wouldn't be surprised if this takes Walker down in 2018

I think Foxconn will be the last nail in his coffin. His "moderate" image has really taken a hit with this all across the state. The real question is whether Democrats can overcome the ridiculous gerrymander to make any real gains in the state's congress.

[mvd10]

Republicans should really stop with those "incentives" anyway, it's corporate welfare. Where is the Tea Party when you need it? Just cut taxes, pay off the debt or pour it into education/infrastructure if you have too much money ffs.

[Since I'm the mad scientist proclaimed by myself]

If a chinese laborer can build an iphone, so can a displaced factory worker here on main street.

I'm a thousand years late, but that Chinese laborer is a human being too. It is morally reprehensible to act like someone doesn't deserve concern because they're not American.

[Absentee Voting Ghost of Ruin]

Wisconsin panel changes court rules for Foxconn plant

http://www.seattletimes.com/business/wisconsin-panel-changes-court-rules-for-foxconn-plant/

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That is an unprecedented Act of corporate welfare and judicial bypass for a special corporate friend. Beyond reprehensible

This is banana-republic level stuff. Only instead of bribes for local officials, the big foreign company just has to give the Big Cheese and his flunkies a PR op.

[MasterJedi]

Gotta love the hypocrisy. Republicans that were horrified at a one time $250 million payment to the Bucks for the new arena and said it was corporate welfare are now creaming themselves that Walker and Trump told them that if they pay that amount or more every year for 10+ years for a total of $3 billion that it's not corporate welfare because "muh jobs". Hint, one is in Milwaukee, the other isn't. They also are trying to kill the streetcar even more now that Milwaukee is building. When the worm turns we can remove those restrictions and get that money back from Foxconn at least.

As for the tea party they probably love this too because "jobs", they don't mind spending billions as long as it's not on "welfare".

[MasterJedi]

Scott Walker got owned

City of Kenosha no longer in hunt to land Foxconn plant; mayor says “It doesn’t quite work”

It's going to be in Racine, by the freeway, in a more rural area. Its passed, just waiting for Walker to get back to sign. Awful deal but the nice Republican people of that area of Racine are going to get hosed with new taxes and fees.

[GeorgiaModerate]

The Wisconsin legislature's (nonpartisan) attorneys have found that several provisions of the legislation may be unconstitutional: https://amp.jsonline.com/amp/684418001

[mvd10]

6 years ago Brazil struck a similar deal with Foxconn. Brazil is still waiting for love jobs. Foxconned!

[Virginiá]

6 years ago Brazil struck a similar deal with Foxconn. Brazil is still waiting for love jobs. Foxconned!

Fortunately for WI Republicans, politicians making bad long-term decisions to collect short-term kudos while letting future pols collect the backlash is a long-held tradition. Combined with aggressively gerrymandered districts and an electorate not poised to get too much more friendlier with Democrats, I think everything will work out just fine, politically-speaking of course.

[Absentee Voting Ghost of Ruin]

6 years ago Brazil struck a similar deal with Foxconn. Brazil is still waiting for love jobs. Foxconned!

Fortunately for WI Republicans, politicians making bad long-term decisions to collect short-term kudos while letting future pols collect the backlash is a long-held tradition. Combined with aggressively gerrymandered districts and an electorate not poised to get too much more friendlier with Democrats, I think everything will work out just fine, politically-speaking of course.

Even better - the GOP can wait until there's a Dem in office in either the WI governor's mansion or the White House, and then get upset over the bad deal