The Mercantilist

Veronique de Rugy contends that one should take Trump at his word on trade.  It’s doubtful that anyone should take Trump’s word for anything, but that’s too literal a reading of her claim.  She’s right that, in effect, Trump truly opposes free trade no matter what he says: As we embark on a trade war, let’s […]

Coerced Beauty Isn’t Beautiful

  For a thousand years, some men in China insisted that a woman wasn’t beautiful, desirable, and worthy unless her feet had been bound into an unnatural and distorted form. Rather than allow women to develop normally, these men insisted that their own imposed desires were superior to the natural feminine form.  The price of […]

Two Truths of Whitewater’s Economy

  There are two truths of Whitewater’s economy, each fundamental and each a refutation to the last generation’s myth-making. For today, it’s enough to list the two fundamental truths.   Large Public Projects Haven’t Overcome Weak Household-Income Levels in Whitewater. This is true both in aggregate, and for age brackets (children, adults 35-64) not representative […]

Whitewater Listed as the Poorest City in Wisconsin

Samuel Stebbins and Michael B. Sauter, from 24/7 Wall Street, report Which town in your state is the poorest? Here is the list @ Gannett’s USA Today. For Wisconsin, they contend it’s Whitewater: Town median household income: $30,934 State median household income: $54,610 Town poverty rate: 38.2% Town population: 14,840 Whitewater has both the lowest median household income and the […]

A Candid Admission from the Whitewater CDA

Sometimes, however rarely, even in places with the most stubborn boosterism, an official admits – wittingly or unwittingly – the failure of longstanding policy. Dave Carlson, executive director of the Whitewater Community Development Authority, is such an official. In a press release from March 27th, lauding a provision of the Trump tax bill, Carlson quotes […]

Foxconn as Alchemy: Magic Multipliers

The Foxconn plant isn’t even built yet, but the Walker Admin and its allies (including a few local apologists for corporate welfare in Whitewater) now resort to fantastic, magical claims about how much economic development will come from nearly four billion in taxpayer subsidies. So magical, so fantastic, that they now claim an 18-1 multiplier […]

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, […]