While yesterday was a bad day for the financial markets, it’s the underlying – and troubling – fundamental condition of the economy that matters far more. Places like Whitewater, that adopted business special interests’ “if-you-build-it-they-will-come” approach despite increasing poverty and stagnation in household and individual incomes, are especially vulnerable to a downturn. Market Declines. Steven…
CDA
Bad Ideas, CDA, City, Conflicts of Interest, Development, Economics, Economy, Free Markets, Local Government, Special Interests, WEDC
Miscellany on Development Policy in Whitewater
by JOHN ADAMS • • 2 Comments
There’s a significant difference between local, political calls for urgency and genuine need. Recent discussions about development policy in Whitewater only bolster this view. A few remarks (as I’ve been asked more than once what I think of the last two months’ events) — Independence. The best decision one could make when writing about policy…
Bad Ideas, CDA, City, Corporate Welfare, Development, Economy, Foxconn, Government Spending, Local Government, Public Relations, WEDC
Do Yorkshire Terriers Dream of Being Wolves?
by JOHN ADAMS • • Comments
Perhaps Yorkshire terriers dream each night of being ferocious wolves. If that should be so, and if even tiny dogs imagine themselves as mighty predators, then there may be a natural explanation – in animals and people – for the yearning of smarmy local development men for gigantic corporate welfare schemes. Of those men and…
Bad Ideas, CDA, City, Corporate Welfare, Development, Economics, Economy, Foxconn, Government Spending, Local Government, Press Release, WEDC
A Reminder About Opportunity Zones: Bad Policy Flacked Locally
by JOHN ADAMS • • Comments
Those following what passes for economic policy in Whitewater know that this website has been rightly critical of the economic opportunity zones that were part of Trump’s tax bill. See About that Trump Tax Bill, More About that Trump Tax Bill, and The Trump Tax Bill: That’s Not Reform. Jenny Schuetz, commenting on part of Trump’s…
Babbittry, Bad Ideas, Boosterism, CDA, City, Corporate Welfare, Culture, Development, Economics, Economy, Local Government, Trump, WEDC
‘But Not in Conditions of Their Own Choosing’
by JOHN ADAMS • • Comments
It’s a truism to say that all people make history, but not in conditions of their own choosing: Admittedly and sadly, the local boosterism of the pre-Trump years is now in retrospect worse than one might have initially believed: across America boosters who peddled false descriptions & junk solutions during the economic hardship of the…
CDA, City, Culture, Local Government
More Predictable Than an Atomic Clock
by JOHN ADAMS • • 1 Comment
If one read beforehand the agenda for last night’s common council meeting (1.21.20), one would have seen the applicants for various boards (particularly the Whitewater Community Development Authority). Seeing them, and knowing what the last ten years on the CDA have been like, one could have confidently predicted which candidate would be recommended for appointment.…
Aside
Low unemployment isn’t worth much if the jobs barely pay: Martha Ross and Nicole Bateman highlight one of the failures of public subsidies for businesses in places like Whitewater — Low unemployment isn’t worth much if the jobs barely pay (article linked in today’s Daily Bread post). Subsidized job-creation in those circumstances is more political point than practical achievement.
Bad Ideas, Boosterism, CDA, Economics, Economy, Foxconn, Government Spending, Local Government, Politics, WEDC
Market-Hating Republicans Have Been a Local Problem for Years
by JOHN ADAMS • • Comments
George Will, writing in the Washington Post, observes that Josh Hawley sounds like he has far too much faith in government: The sails of [Republican] Sen. Josh Hawley’s political skiff are filled with winds gusting from the right. They come from conservatives who think that an array of — perhaps most of — America’s social injuries,…
America, Bad Ideas, CDA, Economics, Economy, Gov. Walker, Government Spending, Local Government, State Government, WEDC, Wisconsin
But, but, but…we were promised growth, growth, growth!
by JOHN ADAMS • • Comments
Locally, statewide, and nationally, Trump & those who flacked his tax bill, and those who also pushed corporate welfare schemes (Foxconn, WEDC, Whitewater CDA), promised growth, growth, growth! How odd that these men — politicians, movers-and-shakers, developers, landlords, and public relations types — seem to have missed the mark: The World Bank sees U.S. growth stumbling from…
CDA, City, Culture, Politics
Local Candidacies in Whitewater, 2020
by JOHN ADAMS • • Comments
There are six public seats up for election in Whitewater this spring (three on the Whitewater Common Council and three on the Whitewater Unified School District’s board.) It seems there are six candidates for these six offices (five incumbents and one former officeholder). This is what one would expect of government in Whitewater over these…
Bad Ideas, CDA, Economics, Economy, Foxconn, Government Spending, WEDC
Journal Sentinel’s Rick Romell Reports the Obvious about Foxconn Project
by JOHN ADAMS • • Comments
Over at the Journal Sentinel, business reporter Rick Romell reports that More signs emerge that the pace of Foxconn’s Wisconsin project is falling short of expectations. Honest to goodness – there have been years of reports, and years of analyses, that made clear to any reasonable person that this project was destined for failure. Anyone and…
CDA, Economics, Foxconn, Government Spending, WEDC, Wisconsin
Foxconn Notices the Noticeable
by JOHN ADAMS • • Comments
Two recent stories about Foxconn show how that project is, as Willy Shih of Harvard Business School aptly observed, only a state visit project (‘a high-profile way to earn some serious good will and political capital. But as Foxconn worked through the details, I suspect they were having trouble figuring out how to make economic…
CDA, Economics, Economy, Foxconn, Government Spending, WEDC, Wisconsin
Foxconn: State of Wisconsin Demands Accountability, Foreign Corporation Stalls
by JOHN ADAMS • • Comments
There’s a significant new development in the Foxconn project: the state has told the Taiwanese corporation it’s presently no longer eligible for tax credits. Over at The Verge, a national technology publication, there’s an excellent, detailed story about Foxconn’s serial excuses to receive the public money or credits it wants regardless of performance. In an…
CDA, City, Local Government, Newspapers, Open Government
Who Implied That Toppers Might Move Its Headquarters? Whitewater’s City Manager, That’s Who
by JOHN ADAMS • • 4 Comments
In a Janesville Gazette story from 12.5, Whitewater’s city manager, Cameron Clapper, is reported as saying that another paper’s coverage incorrectly implied that Toppers Pizza might move its Whitewater headquarters. In fact, the video of a recent Community Development Authority (CDA) meeting from 11.21.19 reveals that it was Clapper, himself, who implied that Toppers might move.…