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The Foxconn disaster

Threegoofs

Threegoofs

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Great article about the Foxconn disaster in Wisconsin.

Trump and Walker (and Ryan) basically threw billions at this company to get them to relocate. They gave them tons of concessions, confiscated property, relaxed pollution standards, and are giving them $4.5 BILLION in straight cash to publicize their promise to employ 13,000 people.

Looks like they'll only be employing about 3000 people now, and those are 'knowledge workers' of which some may be brought in from China, and others will probably be coming from Illinois - which is about 15 miles away.

No wonder why Scott Walker is going to go down in flames, Ryan isn't even bothering to run, and Trump has quickly moved to his next scam.

Did Scott Walker and Donald Trump Deal Away the Wisconsin Governor?s Race to Foxconn? | The New Yorker
 
Crony capitalism at work again.
 
Oh, man, I hope Walker isn't rewarded for his shameless double dealing here.


But I'm not counting any chickens before Tuesday night.
 
Included below is one take on this, an opinion, which is pretty harsh.

It does seem like this is crony capitalism off the rails. It was a hell of a deal in the first place but depending on source you like the cost of the subsidy is going up, the level of Foxconn investment in the factory is going down, and the promises on numbers to employ from Wisconsin are going down.

In all fairness this tends to happen anyway as once you hand out these sort of deals they tend to get more expensive for the tax payer, but Walker's legacy on making deals should take a hit on this one.

https://www.marketwatch.com/story/w...plug-on-this-con-of-a-foxconn-deal-2018-11-02
 
Threegoofs said:
Great article about the Foxconn disaster in Wisconsin.

Trump and Walker (and Ryan) basically threw billions at this company to get them to relocate. They gave them tons of concessions, confiscated property, relaxed pollution standards, and are giving them $4.5 BILLION in straight cash to publicize their promise to employ 13,000 people.

Looks like they'll only be employing about 3000 people now, and those are 'knowledge workers' of which some may be brought in from China, and others will probably be coming from Illinois - which is about 15 miles away.

No wonder why Scott Walker is going to go down in flames, Ryan isn't even bothering to run, and Trump has quickly moved to his next scam.

Did Scott Walker and Donald Trump Deal Away the Wisconsin Governor?s Race to Foxconn? | The New Yorker
Click to expand...

Exactly how many billions did Trump throw at this company?
 
This was just a major scam completely screwing our state.
 
Foxconn is a con and Walker is a dumbass for not having his people to do a little research. Several billion is likely to be the penalty for not protecting the taxpayers.
 
Mycroft said:
Exactly how many billions did Trump throw at this company?
Click to expand...

Those costs include taxpayer subsidies to the company totaling more than $4.5 billion, the largest subsidy for a foreign corporation in American history.
Click to expand...

All ya gotta do is read man...


The other thing ya gotta do is grease the right palms. The company: Hon Hai Precision Industry Co., Ltd is from Taiwan, trading as Foxconn.

Trump and Walker are so stupid.
 
jet57 said:
All ya gotta do is read man...


The other thing ya gotta do is grease the right palms. The company: Hon Hai Precision Industry Co., Ltd is from Taiwan, trading as Foxconn.

Trump and Walker are so stupid.
Click to expand...

Wonder how many Trump condos they’ve bought.
 
jet57 said:
All ya gotta do is read man...


The other thing ya gotta do is grease the right palms. The company: Hon Hai Precision Industry Co., Ltd is from Taiwan, trading as Foxconn.

Trump and Walker are so stupid.
Click to expand...

I'm thinking that's State taxpayers. I see no indication the deal includes any federal money.
 
jet57 said:
All ya gotta do is read man...


The other thing ya gotta do is grease the right palms. The company: Hon Hai Precision Industry Co., Ltd is from Taiwan, trading as Foxconn.

Trump and Walker are so stupid.
Click to expand...

Is there something wrong with a company from Taiwan opening a plant in the US?
 
Threegoofs said:
Great article about the Foxconn disaster in Wisconsin.

Trump and Walker (and Ryan) basically threw billions at this company to get them to relocate. They gave them tons of concessions, confiscated property, relaxed pollution standards, and are giving them $4.5 BILLION in straight cash to publicize their promise to employ 13,000 people.

Looks like they'll only be employing about 3000 people now, and those are 'knowledge workers' of which some may be brought in from China, and others will probably be coming from Illinois - which is about 15 miles away.

No wonder why Scott Walker is going to go down in flames, Ryan isn't even bothering to run, and Trump has quickly moved to his next scam.

Did Scott Walker and Donald Trump Deal Away the Wisconsin Governor?s Race to Foxconn? | The New Yorker
Click to expand...

Trump was cheerleader only, this deal was done by Wisconsin. Yes is was a very stupid deal, but Wisconsin is rather desperate, they are in danger of becoming a Rust Belt State.
 
Hawkeye10 said:
Trump was cheerleader only, this deal was done by Wisconsin. Yes is was a very stupid deal, but Wisconsin is rather desperate, they are in danger of becoming a Rust Belt State.
Click to expand...

Ummm.... no. Wisconsin isn’t in danger of that at all.

They’re desperate because they have an idiot governor.
 
Removable Mind said:
Foxconn is a con
Click to expand...

For the last few years in Modern History we’ve been showing a documentary on China and Foxconn was featured. Suicide jumper rates amongst workers was so high the company had to install netting around the building. I was shocked when I found out we were paying this shady company billions to come to the US. Foxconn name is certainly apt.
 
its almost as if some believe a government subsidy of $1.5 Million per job was an unreasonable 'investment'
 
Geoist said:
For the last few years in Modern History we’ve been showing a documentary on China and Foxconn was featured. Suicide jumper rates amongst workers was so high the company had to install netting around the building. I was shocked when I found out we were paying this shady company billions to come to the US. Foxconn name is certainly apt.
Click to expand...

Agree. There’s an in-depth history on this crooked company, a rather mind-blowing depiction of repeatedly swindling countries/states.

How is it possible that Walker’s people missed this? My guess is that Foxconn must be offering kickbacks or something to suck in so many people involved in contract negotiations.
 
Threegoofs said:
Great article about the Foxconn disaster in Wisconsin.

Trump and Walker (and Ryan) basically threw billions at this company to get them to relocate. They gave them tons of concessions, confiscated property, relaxed pollution standards, and are giving them $4.5 BILLION in straight cash to publicize their promise to employ 13,000 people.

Looks like they'll only be employing about 3000 people now, and those are 'knowledge workers' of which some may be brought in from China, and others will probably be coming from Illinois - which is about 15 miles away.

No wonder why Scott Walker is going to go down in flames, Ryan isn't even bothering to run, and Trump has quickly moved to his next scam.

Did Scott Walker and Donald Trump Deal Away the Wisconsin Governor?s Race to Foxconn? | The New Yorker
Click to expand...

Remember this one

https://www.reuters.com/article/us-autos-gm-treasury-idusbrea3t0mr20140430
 
Mycroft said:
Is there something wrong with a company from Taiwan opening a plant in the US?
Click to expand...

Ya'mean a foreign company lying like hell, getting all the cookies and then turning around and screwin the US?

What do you think?

Don't ever try to tell me how smart Trump is.
 
Mycroft said:
I'm thinking that's State taxpayers. I see no indication the deal includes any federal money.
Click to expand...

So taxpayers getting ripped off is okay with you.
 
jet57 said:
So taxpayers getting ripped off is okay with you.
Click to expand...

Play your nonsense games with someone else.

My point was very specific. Read my post again if you didn't understand it.
 
Will be interesting to see what if anything our new governor can do to hold Foxconn accountable.
 
Amelia said:
Will be interesting to see what if anything our new governor can do to hold Foxconn accountable.
Click to expand...

Make the company comply with the contract it signed would be a start
 
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