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Economics

The Largest Electorate in any Community

One might not be much for standalone quotes (as they’re often taken out of context), but Anna Lappé’s observation about consumer choice is, in-and-of-itself, wholly right: Every time you spend money, you’re casting a vote for the kind of world you want. Yes, indeed. No clique, no faction, no party, no political authority is an…

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…

Worse Ahead for Farmers

The price of supporting Trumpism – whether on economics, immigration, or foreign policy – is decline. For it all, some farmers will choose their own humiliation, their own degradation, for the sake of supporting Trump. Tory Newmyer describes what awaits Midwestern agriculture in Farmers are bracing for more tariff pain. But they’re sticking with Trump…

Trump’s Bottomless Ignorance on Display (Yet Again)

Libertarian-leaning GOP Congressman Justin Amash responded this morning to Trump’s completely-wrong-no-good-and-backwards-beyond-belief Twitter claim about trade deficits: Trump: We have lost 500 Billion Dollars a year, for many years, on Crazy Trade with China. NO MORE! Amash: A trade deficit is not a loss of money. If you buy from a supermarket or go to a…

The Cost of Trump’s Tariffs

Heather Long reports Trump’s steel tariffs cost U.S. consumers $900,000 for every job created, experts say: President Trump has shown little interest in removing the steel and aluminum tariffs he imposed more than a year ago despite growing evidence Americans are paying a hefty price for these tariffs and increasing pressure from Republicans in Congress…

‘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: 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…

‘Migration Key To Wisconsin’s Workforce’

For many years – and despite nearly a decade of corporate welfare and crony capitalism from the WEDC and local versions of it – Wisconsin has seen a decline in younger workers and families. Shamane Mills writes Report: Migration Key To Wisconsin’s Workforce (“State Has Seen Large Drop in Net Migration Of Families With Children…

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…

The WEDC Republicans

Writing yesterday at the New York Times, liberal economist and Nobel laureate Paul Krugman addressed economic challenges of rural communities in Getting Real About Rural America.  It is a blog post about which reasonable observers of any ideology – left, center, right, or libertarian –  could agree.  Krugman writes There’s nothing wrong with discussing these…

How Walker and Trump Destroyed Dairies in America’s Dairyland

One has heard so much these last eight years about how Wisconsin has been ‘open for business,’ and for Walker and the WEDC that has meant countless subsidies and tax breaks for conservatives’ preferred businesses. Walker was never a free-market man; his whole approach rested on state capitalism (government funding some producers) and crony capitalism…