Wisconsin, with a gerrymandered legislature and a crony capitalist, lame-duck governor, was never going to have an easy transition back to a tradition of democratically representative government and sound economic policy. The men who engineered years of the wrong approach were never going to go gently to the political outer darkness that, deservedly, awaits them.…
Economy
Bad Ideas, CDA, City, Corporate Welfare, Development, Economy, Foxconn, Government Spending, Mendacity, State Capitalism, State Government, That Which Paved the Way
Foxconn Roundup: Indiana Layoffs & Automation Everywhere
by JOHN ADAMS • • Comments
A sensible person would never have listened to a Walker Administration operative in Whitewater tout Foxconn without laughing or looking about for a nearby tomato. No sensible person would have made that operative a guest speaker at an annual dinner or written about the event without criticism. (See, about that Greater Whitewater Committee dinner and that…
Agriculture, Economy, Trump
Dairy Farmers’ Struggles
by JOHN ADAMS • • Comments
The AP reports Farm bankruptcies on the rise in Upper Midwest: The number of farms filing for bankruptcy is increasing across the Upper Midwest, following low prices for corn, soybeans, milk and beef, according to a new analysis from the Federal Reserve Bank of Minneapolis. The analysis found that 84 farms filed for bankruptcy in Wisconsin,…
City, Economy, Government Spending, Local Government, That Which Paved the Way
The 2019 Municipal Budget
by JOHN ADAMS • • Comments
The City of Whitewater will hold a public hearing this evening on its 2019 municipal budget. It’s the budget for the city, at a time when a budget for the municipal government will have little chance of positively affecting the city’s economy, let alone that of even small rural townships ringing Whitewater. The broader economic…
City, Economy
Low Growth as Decline
by JOHN ADAMS • • Comments
Forecasters are understandably interested in when America will experience another recession, but in Trump and the slowing economy, Jared Bernstein observes that a declining rate of growth can feel like a recession to those who experience the decline: If I told you the real GDP growth rate was going to fall from 3.5 to 1.5 percent, you might…
Bad Ideas, CDA, City, Corporate Welfare, Development, Economy, Foxconn, Government Spending, Mendacity, State Capitalism, State Government, That Which Paved the Way
Foxconn Roundup: Desperately Ill Edition
by JOHN ADAMS • • Comments
Before and after the recent election, solid assessments on Foxconn came to press, and they confirm how irrational and wasteful is that project. Earlier this year, the local business lobby (the Greater Whitewater Committee) invited the state capitalist stooge official overseeing the project to a dinner in Whitewater. I’ve no idea whether Matt Moroney will show…
Bad Ideas, CDA, City, Corporate Welfare, Development, Economy, Foxconn, Government Spending, Mendacity, State Capitalism, State Government, That Which Paved the Way
Foxconn: Failure & Fraud
by JOHN ADAMS • • Comments
There are two national publications with recent updates on the Foxconn project, and each report highlights fundamental problems with the billions in public subsidies for that foreign corporation. Here’s a roundup of the latest on this dodgy corporate welfare: Bruce Murphy (writing online for national tech site The Verge) reports Wisconsin’s $4.1 Billion Foxconn Boondoggle (“Gov.…
Bad Ideas, CDA, City, Corporate Welfare, Development, Economy, Employment, Foxconn, Government Spending, Poverty, State Capitalism, State Government, That Which Paved the Way, WEDC
In Whitewater and Elsewhere, Employment’s Only Part of the Story
by JOHN ADAMS • • Comments
In times of high unemployment, of course it makes sense to get people back to work. Jobs, jobs, jobs isn’t a bad mantra when people don’t have work. (Work isn’t simply about an income, but a place in society.) Today is not, however, the Great Depression. Listen to ‘development professionals’ go on about job-creation at…
Bad Ideas, CDA, City, Corporate Welfare, Development, Economy, Foxconn, Government Spending, State Capitalism, State Government, That Which Paved the Way
Foxconn’s Predatory Reliance on Eminent Domain
by JOHN ADAMS • • Comments
Taiwanese-owned Foxconn is relying on eminent domain to seize Wisconsinites’ private homes for the sake of that foreign company’s project. Principles of eminent domain, sadly, have been vastly increased since a 2005 U.S. Supreme Court decision expanded government’s power to take from ordinary homeowners, among others. Those expanded governmental powers mean that residents who lose their…
Bad Ideas, China, Economy, Government Spending, Trade, Trump
‘Chinese-owned company qualifies for Trump’s anti-China farm bailout’
by JOHN ADAMS • • Comments
Listen closely, and one can almost hear the peals of laughter from a bureaucrat in the Chinese ministry of commerce… Jeff Stein reports Chinese-owned company qualifies for Trump’s anti-China farm bailout: A Chinese-owned pork producer is eligible for federal payments under President Trump’s $12 billion farm bailout, a program established to help U.S. farmers hurt…
Babbittry, Bad Ideas, CDA, City, Corporate Welfare, Development, Economy, Foxconn, Free Markets, Government Spending, Local Government, Mendacity, Open Government, Politics, State Capitalism, State Government, That Which Paved the Way, Tony Evers, WEDC, Wisconsin
The Walker Cabinet Officers’ Open Letter
by JOHN ADAMS • • Comments
Four cabinet secretaries of the Walker Administration have come forward to criticize the governor, and three of them have co-written an open letter against Walker’s relentless emphasis on political gain over sound policies. One of the signatories of the letter is Paul Jadin, who was Walker’s first Wisconsin Economic Development Corporation leader. It says all…
43rd Assembly District, Authoritarianism, Bad Ideas, CDA, City, Economics, Economy, Immigration, Law, Liberty, Local Government, Never Trump, Politics, That Which Paved the Way, Trump
The ‘Republican’ Candidate’s Meet and Greet
by JOHN ADAMS • • Comments
One reads that the self-described Republican candidate for the 43rd Assembly District will hold a meet and greet next week at a private establishment in town. Good for him – free speech is a core political right. (He’s also scheduled to appear at a local candidate’s forum this week. See The First & Last Questions.) He’s a…
China, Economics, Economy
Chinese Government Turns Against Foundation of China’s Own Prosperity
by JOHN ADAMS • • Comments
China, ruled by a one-party dictatorship, owes its increased influence in the world to the economic liberalization that has unleashed the energies of Chinese people. The Party, however, lives not for its people but for itself, and now turns against the forces that created new happiness and greater autonomy for many millions, and toward greater…
CDA, City, Economy, Local Government, Poetry, State Government, That Which Paved the Way, Walworth County, WEDC, Wisconsin
Majority of Walworth County’s Renters are Rent-Burdened
by JOHN ADAMS • • Comments
A new study, Paying the Rent, from the Wisconsin Policy Forum finds that a majority of Walworth County’s renters are rent-burdened, placing the county in the top five most distressed in the state by that measurement. (There are, of course, 72 counties in Wisconsin, so Walworth County is among the weakest of a very large…