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Bad Ideas

Foxconn: Reality as a (Predictable) Disappointment

The Wisconsin Foxconn project was, is, and will continue to be a huckster’s con and a sucker’s idea. Across America – a place of over 325 million – Foxconn is an example of an obviously bad, unworkable idea. In Whitewater and other Wisconsin communities, the men who push this project were either objectionably conniving or…

Three Fundamental Failures: Employment, Income, and Poverty

An earlier post addressed Walker’s Fundamental Failure to meet his jobs pledge even after eight years. The record is much worse: years of corporate subsidies and meddling in the marketplace for preferred businesses & political cronies have produced failures of employment, income, and poverty. (Small town officials who copied this approach on the local level, as…

From Festival to Alleged Felony

One now reads – sadly, any normal person might have expected – that the promoter of Jefferson Wisconsin’s shabby Warriors & Wizards festival faces the prospect of felony charges for theft and misrepresentation. See Warriors & Wizards Fest organizer Cramer charged with theft. 1. Unfortunate, All Around.  I’ve been a critic of this festival, and those…

Walker’s Fundamental Failure

Walker’s fundamental claim was that he would be a jobs creator, with a horde of operatives, development men, business insiders, and political cronies insisting that billions in state funds would somehow trickle down to create jobs. In his fundamental promise, Walker was a failure. Shawn Johnson reports Walker Never Reached 250,000 Jobs Created (‘Finalized statistics…

‘Our Guy’ Is Our Guy on a Sunday Evening in September

One reads that gerrymandered septuagenarian millionaire Congressman Thurston Howell III F. James Sensenbrenner has an exciting announcement for Whitewater:   SUNDAY, SEPTEMBER 22ND 7:00pm Whitewater Town Hall Meeting Whitewater Municipal Building, 312 W. Whitewater Street That’s right: nothing but nothing says ‘our guy’ like someone who schedules a town hall for a Sunday evening before the…

Despite Denials, Foxconn’s Empty Buildings Are Still Empty

This morning, Joe sent along a comment mentioning a story about Foxconn from the national technology website The Verge. (Many thanks for the pointer.) Josh Dzieza reports One month ago, Foxconn said its innovation centers weren’t empty — they still are (“Foxconn still hasn’t done anything with the buildings it bought in Wisconsin”): Last summer,…

The Empty ‘Jobs Created’ Pledge

In Wisconsin, these last years, one has often heard – so often that it might as well be a mantra – that corporate subsidies are necessary for job creation, to reward job creators. This repeated justification ignores evident realities: (1) in times of low unemployment job-creation subsidies are less necessary, (2) wealthy corporate recipients are…

America’s Best Know Better

A story from the Wall Street Journal‘s Valerie Bauerlein explains the damage that the Foxconn scheme has done to ordinary people in Foxconn Tore Up a Small Town to Build a Big Factory—Then Retreated (“The iPhone maker got fat incentives to build a $10 billion LCD plant that largely hasn’t materialized on land where Mount…

‘Stung by Trump’s Trade Wars, Wisconsin’s Milk Farmers Face Extinction’

After years of the ignorant scheming of tax incremental financing, the Wisconsin Economic Development Corporation, capital catalyst grants, the Trump tax bill, and now Trump’s trade war, Alan Rappeport reports Stung by Trump’s Trade Wars, Wisconsin’s Milk Farmers Face Extinction (“The flagship industry in a pivotal swing state faces an economic crisis”): KENDALL, Wis. —…

Foxconn Confirms Gov. Evers’s Claim of a Renegotiation Discussion

Yesterday, Gov. Evers was proved right on a key contention about Foxconn. Earlier this week, Evers released a letter to Foxconn executive Dr. Louis Woo in which Evers mentioned that Foxconn had sought to “suggest several changes to the existing agreement.” Gov. Evers also stated that Woo had also met with Vos and Fitzgerald and…

Foxconn: The Closer One Gets, The Worse It Is

There is, about Foxconn in Wisconsin, a fair amount of ignorant insistence that there will be supply chain opportunities, etc. Public employees talking about the Foxconn project’s supposed benefit is the practical equivalent letting them recite limericks or play sheepshead: it’s not productive. For those near Foxconn, however, that project is more than wasteful talk:…

Foxconn: Cleanup on Aisle 4

Following Trump and Walker with a mop, Gov. Evers arrives to clean up the Foxconn mess: Gov. Tony Evers said Wednesday he wants to renegotiate the state’s contract with Foxconn Technology Group and emphasized the Taiwanese company won’t be creating 13,000 jobs in Wisconsin as originally envisioned. “Clearly the deal that was struck is no longer…

Foxconn: Still Empty, and the Chairman of the Board Needs a Nap

Trump declared that Foxconn in Wisconsin would be the eighth wonder of the world, but one of the world’s true wonders would not depend on empty buildings and it wouldn’t have a leader who needs a nap, but here we are. Following his earlier examination on Foxconn’s habit of using empty buildings to dupe the…