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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.

Market-Hating Republicans Have Been a Local Problem for Years

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,…

But, but, but…we were promised growth, growth, growth!

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…

Journal Sentinel’s Rick Romell Reports the Obvious about Foxconn Project

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…

Foxconn: State of Wisconsin Demands Accountability, Foreign Corporation Stalls

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…

Foxconn: Worse Than Nothing

Below are the abstract and full study from George Mason University on The Economics of a Targeted Economic Development Subsidy (examining the Foxconn deal in Wisconsin).  There’s much to consider in this work, for the Foxconn project, and by reasonable extension to other government-targeted business subsidies. Abstract: In an effort to spur economic growth and…

Government Breaks for Local Newspapers are a Bad, Bad Idea

There’s understandable worry that communities across America are losing their local newspapers, and so one hears that something simply must be done to save them.  Clara Hendrickson, in Local journalism in crisis: Why America must revive its local newsrooms, proposes that we (1) “provide public funding for local journalism” (via tax incentives, mainly), (2) “address…

Foxconn: ‘Innovation Centers’ Gone in a Puff of Smoke

Trump insisted Foxconn in Wisconsin would be the eighth wonder of the world, and smarmy development men in places like Whitewater spoke about how much would come of the project, but in a puff of smoke that project’s ‘innovation centers’ are gone. Nick Statt reports Foxconn finally admits its empty Wisconsin ‘innovation centers’ aren’t being…

Foxconn on the Same Day: Yes…um, just kidding, we mean no

One reads that in the course of a single day, Foxconn changed its plans for a major building at its Wisconsin site. Corrine Hess reports In A Day, Foxconn Changes Course, Plans To Build Different Mount Pleasant Building: This flashy building? Sorry, Wisconsin, you’re not getting this. Illustration via Mount Pleasant Development Dept. Foxconn’s plans to build a…

Foxconn: First In, Now Out

One reads that Christopher ‘Tank’ Murdoch, the first Wisconsin resident hired by Foxconn, has left the company: Christopher “Tank” Murdoch, the first Wisconsin resident hired by Foxconn Technology Group and an honored figure at last year’s groundbreaking for the firm’s planned flat-screen factory, has left the company. In a brief interview, Murdoch said he left…

Be Patient, UW-Madison: Only $99,300,000.00 to Go!

If a group invited a guest speaker who said the world was flat, then that group would be rightly discarded as a credible policy advocate. In Whitewater and other towns, crony-capitalist groups of different sizes proudly declared the Foxconn project a boon for Wisconsin. (Trump, himself, declared it a boon for the whole planet: “the…

Foxconn: Hey, Wisconsin, How About an Airport-Coffee Robot?

In Whitewater, there’s a top-notch think tank right-wing landlord’s business group that flacked Foxconn both privately and through that group’s sway over the Whitewater Community Development Authority.  The group invited a state operative to spin Foxconn as a tech city of gold, and at the Whitewater CDA one could hear fantastic tales of high-tech wonders…