10 Key Articles About Foxconn

➤ Foxconned (“How much is Wisconsin paying for a Taiwanese manufacturer’s jobs?”): Already, it is hazy just how much of a boost to the local economy Foxconn is expected to make. The company said it planned to hire 3,000 workers over four years, whereas the state said the new facility would create 13,000 jobs with an average […]

Foxconn? What’s Foxconn?

One reads that Wisconsin Gov. Scott Walker downplays Foxconn because deal not a sure campaign winner: MADISON – Scott Walker said the state would ink a $3 billion contract this week with Asian tech giant Foxconn Technology Group, even as he downplayed the deal and pointed to other jobs being created through his administration. As Walker launches […]

The Astonishing Truth About WEDC

One can be a longtime critic of the Wisconsin Economic Development Corporation, and still learn even worse things about that agency. With the Foxconn deal pending, WISGOP legislative leaders Vos & Fitzgerald want the WEDC board to be able to see the full text of the Foxconn contract. See Walker Delays Commenting On Possible Change […]

Legislative Audit Bureau: WEDC Still Fails at Basic Tasks

Wisconsin’s Legislative Audit Bureau, as required by state law, has “completed a biennial financial audit of the Wisconsin Economic Development Corporation (WEDC) and a program evaluation audit of WEDC’s economic development programs.” Perhaps the politician-publisher of the Banner, who has hawked these programs so many times, and is himself the recipient of a WEDC award, […]

Far Less Than 10.7%

Whitewater’s residents may have recently read (3.7.17) another City of Whitewater press release from the Wisconsin Economic Development Corporation (WEDC) – this time concerning more public spending on selected businesses.  (For remarks on a prior release, please see The Simplest Condition for a ‘Shovel-Ready’ Site is an Empty Lot.) There are few better ways to argue against […]

The Simplest Condition for a ‘Shovel-Ready’ Site is an Empty Lot

Whitewater’s residents may have recently read (just yesterday) a City of Whitewater press release about a Wisconsin Economic Development Corporation (WEDC) designation for the city’s thirty-five empty acres of tech park land. I’ve reproduced the release in full at the bottom of this post. A few key points: 1. The simplest condition for a “shovel ready” site is […]

‘WEDC has been a disaster from the get-go’

After years of defending the Wisconsin Economic Development Corporation, one newspaper (out of several in the area) finally concedes the obvious:  ‘WEDC has been a disaster from the get-go.’ See, from 11.28.15, http://www.gazettextra.com/20151128/our_views_consider_two_steps_for_salvaging_state8217s_job_creation_agency, subscription req’d. Yes, it has been a disaster, as politicized intervention in the economy, to the benefit of one’s well-fed, white-collar executive […]

Boo! Scariest Things in Whitewater, 2015

Here’s the ninth annual FREE WHITEWATER list of the scariest things in Whitewater for 2015. The 2007, 2008, 2009, 2010, 2011, 2012, 2013, and 2014 editions are available for comparison. The list runs in reverse order, from mildly frightening to truly scary. 10. The Coming Ferret Invasion. Alternative title: The Unprepared Will Be Doomed.  Earlier this year, […]

Business v. Free Markets

Over at Cato, David Boaz writes about The Divide between Pro-Market and Pro-Business. (I’ve also linked to Boaz’s post at my libertarian website, Daily Adams.) Boaz observes that, too often, business (especially big business) is an opponent of free markets: In 2014 big business opposed several of the most free-market members of Congress, and even a Ron Paul-aligned […]

WEDC Spends More, Produces Less

It should come as no surprise that the Wisconsin Economic Development Corporation’s millions in taxpayer handouts to well-fed executives and political cronies are producing less with each successive spending spree: The state’s flagship job-creation agency handed out nearly $90 million more in economic development awards last year than the previous year, yet those awards are […]

The Weakness of Sugar Cubes

When conditions are dry, sugar cubes are fairly sturdy. When placed in coffee, they don’t last long. View image | gettyimages.com Cronyism is like this – it does well in the dry jar of municipal officials, insiders, press-toads, big-business lobbyists, and their lightheaded cheerleaders. In the bracing coffee of careful analysis, sound economics, and impartial […]

The New Crony Capitalist

Gov. Scott Walker on Thursday appointed banking executive and frequent GOP donor Mark Hogan to lead the state’s troubled job-creation agency [WEDC]….. M&I Bank faced its own problems several years ago with bad loans and a crashing stock price and ended up being absorbed by BMO Harris of Canada in 2011. M&I loan losses during […]

The WEDC Taints Walker (and local officials even more)

The WEDC is a state and national story that has local implications. Some of the toughest political battles are intra-party ones: Republicans or Democrats fighting against fellow party members for their respective primary nominations.  For rival Republicans, Gov. Walker’s creation of the Wisconsin Economic Development Corporation will offer a legitimate and compelling line of attack against his […]