- company didn't make money, they were supposed to invest money
- Biden has already spent more in his first year than any other president in history; Biden *is* the "free money president"
- maybe if Foxconn was selling fetal remains, providing gender services in Pakistan, or named their plant after George floyd, Biden would find the cash
This is what makes me laugh about Trump-supporting "conservatives" here and elsewhere screaming COMMUNISM when it's usually the American right that is giving away way more free cash. Only difference is Republicans give the free cash to corporations.
Your selective hearing has progressed to deafness. Democrats give free money to corporations as well.
Gee, its almost like both parties are controlled by large corporate donations and the spin they put on their anti-citizen actions is just propaganda and bluster.
Once again, its not your money. The government doesn't "give money" to people through tax reductions. Instead, it steals less.
Sorry about Foxconn, but I guess the issue was, perhaps, if Trump supporters and BLM activists decided to hit the books and learn how to do something useful, instead of begging the Feds for crap, they'd all be better off.
That's a breakdown of alternative facts (aka false statements) worthy of a place like Newsmax. It's more like:
Trump gets snookered into signing a disadvantageous deal and bombastically brags about what a great deal maker it is
Company barely follows through on the deal, since it makes little economics sense. They do the bare minimum to satisfy Trump's need for propaganda and photo ops
Eventually, company formally announces deal is off when there is no longer a Trump to snooker.
This is a story of a naive President trying to make "deals" with companies that appeal to his base but ends up well out of his depth in the game of international chess. He got had by a corporation.
Indeed. Trump fucked this up. The steam of failure started pretty much with the bombastic lies he told about this project. Here are a few/. stories from 2019, where, e.g. the limit to 1500 jobs was already known:
Trump is always a cheerleader, this means he can always deny stuff later. If you asked him how he was going to fix the economy he would point to Foxconn and other "deals" he made, even when he wasn't really involved beyond shaking hands and having photo ops. If Foxconn deal *had* worked out, do not doubt that Trump would have taken 100% personal credit for it.
what I dont get is a Taiwan company manufacturing in china, given the recent and growing global threats china has made toward Taiwan. If things keep going the way they are, first I suspect china will seize that factory, and try to broker deals with Apple as well as others, so we can see just how bad our american companies surrender to the mighty dollar above all forms of morality or sense of right and wrong. Then as things heat up further I suspect china will embargo Taiwan to force a surrender possibly eve
That makes some sense at the corporate level if you don't see your existing Taiwan presence as some kind of critical anchor.
But expanding in China might make a lot more political sense for Taiwan and/or Taiwanese businesses if they're trying to project a "we can work together" kind of mindset.
Plus there's the generally lower barriers involved when investing in a country that's close, shares a language and culture and so on, vs. a bunch of Wisco cheese heads.
Even China decides to invade, I'd rather be the Taiwanese businessman who played ball with the CPC, not the one trying to end-around China.
There's also the idea that China might decide that a high level of economic integration and some nominal public political concessions is just less headache than continuous sabre rattling and/or a very painful military situation.
> expanding in China might make a lot more political sense for Taiwan
The case for CN manufacturing has both pros and cons. On the one hand costs are much lower in CN than TW.
On the other hand CN's CPP recognizes no international IP rights and will use whatever it can steal, reverse engineer or buy.
If Foxconn wants a secure manufacturing base it must do so anywhere
but CN (or TW). Bottom-line is that if the CPP ever were
to interfere
with TW there would be a complete and world-wide boycott o
It's like South Korean animation studious in North Korea, but on a scale.
Investment from Hong Kong and Taiwan poured into Mainland to such an extent past 20 years there wouldn't really be a modern china without it. Poor, and thus more communist china would be a china far more keen to press the territorial claim.
As for getting nationalized, you can nationalize heavy industries and natural resources, but not high technology, as biggest value in there is people and money, whereas high-tech manufacturing line y
Did Trump sign something? I thought this was a deal between FoxConn and Wisconsin. At best, Trump was a midwife.
The con artist never signed anything (he only signs NDAs in a fake name when having affairs). He did, however, lavish praise on the sycophant Walker who was governor at the time and who never saw a tax dollar he didn't want to spend.
"Everybody wanted Foxconn," Trump said. "Frankly, they weren't going to come to this country. I hate to say it, if I didn't get elected, they wouldn't be in this country. They would not have done this in this country. I think you know that very well."
So quite obviously this whole deal was on the con artist. He even said so.
of projects trump praised himself for that actually did work. It will be a lot shorter than cataloguing all the ones he praised himself for that did not work.
That's a breakdown of alternative facts (aka false statements) worthy of a place like Newsmax. It's more like:
Trump gets snookered into signing a disadvantageous deal and bombastically brags about what a great deal maker it is
Company barely follows through on the deal, since it makes little economics sense. They do the bare minimum to satisfy Trump's need for propaganda and photo ops
Eventually, company formally announces deal is off when there is no longer a Trump to snooker.
This is a story of a naive President trying to make "deals" with companies that appeal to his base but ends up well out of his depth in the game of international chess. He got had by a corporation.
What else is new? That seems to be his modus operandi; he is good at selling Trump but when it comes to actually running a business he is average at best.
That seems to be his modus operandi; he is good at selling Trump but when it comes to actually running a business he is average at best.
The con artist can't even be considered average. He has 16 failed businesses, his current businesses either don't turn a profit, in the case of his golf courses, or are barely squeaking by. The only one who seems to make out is the con artist himself as he siphons money from those businesses. Warren Buffett once remarked the con artist is the only person he knows who
And what did investment Wisconsin or the federal government lose in this deal? It's not like we're talking about many hundreds of millions that was indeed provided by the Federal Government, approved and promoted by Oboma, that was blown on solar plants that failed in the US.
it was a mutually beneficial agreement. Trump & Scott Walker got their photo op, millions of Americans never heard the follow up stories and Foxconn got millions in subsidies. Win-win for everyone but Wisconsin voters & tax payers. And really, who listens to them?
It's not just Trump. Many politicians have an attitude that one new plant will save everything, and that anyone losing a plant during their term need to be voted out. One plant will never solve anything! Ten plants, then start crossing your fingers about a turnaround. But, one plant can serve as a "please vote for us!" symbol.
Not the only time of being snookered though. Trump praised a company for deciding to keep some jobs in the US while ignoring that they offshored a different set of jobs simultaneo
Foxconn noted that since 2017, it has invested $900 million in Wisconsin, including several different facilities in the state.
The state has already spent more than $200 million on road improvements, tax exemptions and grants to local governments for worker training and employment, according to the records obtained by Wisconsin Public Radio.
Foxconn invested $900M, the state $200M, some of which are tax exemptions for tax revenues they weren't previously receiving, but lets count them.
Foxconn is on track to create about 1,400 jobs in Wisconsin after scaling back to current levels of investment - that's pretty good, remember these jobs are concentrated in one facility not dispersed across the state or country, that's a significant number.
That has a net effect of pulling at least 1,400 people off public assistance, puts m
That has a net effect of pulling at least 1,400 people off public assistance, puts money in their pocket, and helps their community grow.
This presumes that every person Foxconn hired was on public assistance. If you take a look at the job ads Foxconn is posting, to get a $17/hour job at their factory they require at least 3-5 years electronic assembly experience. Other jobs require 5+ years warehouse experience.
It might be safe to assume a small number of these people were on public assistance or unemployment etc, but with the experience requirements most of these people are likely already employed and looking to change jobs.
This alleged "deal" was put together by *local* Republican idiots. Trump just parachuted in to take credit at the end.
The "deal" didn't fail under anyone's watch. It essentially never existed. Foxconn never had any intentions of implementing whatever vague promises they gave to the local Republican idiots. See: The other countrries where they set up a similar smoke screens.
This alleged "deal" was put together by *local* Republican idiots. Trump just parachuted in to take credit at the end.
He put his stamp of approval on the deal so he owns it. He had the levers of power at his disposal to make sure that Foxconn followed through. He just didn't care to do the work after he got the photo op.
Agreed, and I'm no Trump fan at all. Basically Wisconsin Republicans in WEDC, the Wisconsin State House and Senate, and Guv'nor Walker were 1) Criminally Stupid and/or, 2) Criminally Corrupt. On top of that anyone who knew anything about FoxConn knew better than to trust that company at all. At that point I'd dealt with them on and off for over 10 years, and they are masters at negotiating their contracts like this to be advantageous and the goals to be near unverifiable. I told my Republican friends who were crowing about the potential deal that they were in for a rude awakening when it tanked horribly. They all, to the last, said it wasn't going to go badly, it would be the bestest deal evar and cement Republican leadership in business and government.
Obviously that didn't happen, and to prevent them from getting amnesia along the way I kept bringing it up. "How's that magical super factory doing?" and so on, to wit they made excuse after excuse, but couldn't deny it wasn't anywhere near targets. When Guv'nor Walker lost, a couple tried to use Evers as the reason the factory was going down. Nope, we talked about it failing to meet goals well before this bucko. The rest tacitly admitted it wasn't working out. Not overtly mind you because Conservative policies can never fail, they can only be failed by not being conservative enough. They still tried to deflect blame to those durty demonrats.
Here's another example of complete Republican WEDC incompetence buckos. They also handed money out to Kestrel Aircraft. Many/.'ers won't know Kestrel because they aren't a tech company, but they were going to make a Single-Engine Turboprop (SETP) aircraft for the private market. Here's a joke about aircraft manufacturing, and you'd think the state that has the EAA in it would know this one already: "How do you make a small fortune in aviation? Simple, you start with a large fortune!" Cue the guffaw / laugh track. The WEDC, despite the sheer improbability of bringing a new aircraft to the certified market much less that aircraft being economically successful, gave them money. What a bunch of blithering morons. Keep in mind, these are same morons that thought the FoxConn deal was a good idea.
Then let us not forget those great Republicans who personally said this deal was (in the words of Tony the Tiger) Gr-r-reat! for Wisconsin: Speaker Robin "I am an idiot who can't read or do math." Vos, Senate Leader Scott "I am an incompetent who doesn't understand what a good deal is." Fitzgerald, and finally Scott "I couldn't negotiate my way out of a paper bag." Walker. President Trump merely swooped in thinking he could get some of the glory. Of course this means that President Trump, and his staff, are complete morons because they 1) didn't look at the deal at all, and/or 2) thought it really was a good deal showing their utter incompetence in business AND government.
In the end the FoxConn "deal" was a massive wealth transfer from the state Republicans to a foreign private corporation. That on top of screwing with local governments who now are on the hook for development costs related to the non-existent factory complex they thought would be coming. Let's not forget all the land taken from people in the area where the factory was going, some of whom had just built new homes.
Republican government at it's finest: Socialize the risk, privatize the profits, and I wouldn't be surprised if there was more than a little graft in there to enrich themselves along the way.
This alleged "deal" was put together by *local* Republican idiots. Trump just parachuted in to take credit at the end.
Donald Trump disagrees and says it was all his fault: "I hate to say it, if I didn't get elected, they wouldn't be in this country. They would not have done this in this country. I think you know that very well," - Trump https://www.npr.org/2018/06/28... [npr.org]
It is too dumb to be a lie (since we've been watching this deal founder for years)--but it is a strained attempt to spin this defeat away from its architects.
American conservatives have given up on victories after about a solid year of policy and electoral failure. Covid was worse than they said, the various MAGA medications proved ineffective while masks proved their worth, Biden won, the claims of fraud turned out to be a conspiracy theory grift, the Warp Speed vaccines were delivered just in time to help Biden, a policeman was convicted of homicide merely for kneeling on a man's neck until he died (and a little after), and to top if off: Blacks failed to riot like these people predicted and hoped.
Yesterday a conservative friend triumphantly shared a story indicating that the Capitol Hill Police officer who died battling insurrectionists died of a stroke rather than injuries. But even this minor victory (media wrong, rightists slightly less murderous than previously thought) is part of a larger and shameful defeat.
America's manufacturing sector can actually be willed into existence, but it would require vision and investment beyond providing insane tax incentives for a single company to build a single product.
Pretty much, yes. I do get that any republican with at least some personal honor and integrity and at least some connection to reality is deeply ashamed now. Most are obviously still in denial and desperately look for any angle that makes "their" government not look so abysmally bad as it was. Lets hope that most do not take too long to come out of it, because that would be very bad for the US. In the end, only facing reality and facts can lead to problem solving. And who knows, maybe in a decade or two the
Fear not Shanghai Joe will replace this with a factory paid for by the US taxpayer and deficit spending! Where of AOC's green energy pixies and unicorns will eat greenhouse gas and fart out solar panels! You'll see
Yes, it must be that... If you still haven't caught on that Trump is just a scam artist with an Ego the size of a fucking galaxy, there is not much I can do for you.
Back in October, 2018 the analysis was not great. The subsidies were scheduled to be over 4 billion with little in concrete objectives. October of last year, the verge reported that the process was dead, that it is mostly a storage building. It has also been widely reported that the project has cost hundreds of millions of dollars to local taxpayers.
This unfortunately is more of a generally failure of the idea that we can bribe employers to move to a state. If the economics make sense, then the employers will set up in the area. Bribes just distorts the free markets.
The GOP has spent several decades slashing taxes in red States and predicting that their latest tax-cut would empty Manhattan of millionaires. It hasn't worked very well, if at all. It seems that Millionaires care more about their quality of life then the size of their bank accounts. The pandemic might have changed the situation but I wouldn't bet on it.
This unfortunately is more of a generally failure of the idea that we can bribe employers to move to a state. If the economics make sense, then the employers will set up in the area. Bribes just distorts the free markets.
Worse than that, the bribes just don't work and create nothing but repeating blackmail. A better idea is to ensure that you have an educated populace and supporting infrastructure for business. To attract the best employees that business should also want good schools, housing, and transportation options. Don't chase unicorns, or manipulators, chase definable goals so when a serious employer looks they see you have the land / services / employable population / et al. necessary to support various businesses.
Stop it. Everyone knew the day the deal was signed that it was fake posturing to get what they wanted. They waited out Trump's term because he really believed them. It probably took them from January to renegotiate their deal with Wisconsin.
The deal was already failed long before Biden won the election in November 2020. Foxconn never built anything like what they promised.
When the deal was first made, it was pointed out that Foxconn had a history of making deals for tax breaks and credits and then not delivering. Regrettably, Wisconsin leaders were willing to ignore Foxconn's record.
So, you simply cannot blame any of this on Biden. He was not involved in either the first contract nor in the modified contract.
More like: Deal was put together under Trump. Trump declares victory before the plant is built. There are many warning signs that the plant will not be built. Next President gets the blame for it falling apart.
Let me guess... (Score:-1, Troll)
- $10B deal put together under Trump's watch
- Deal fails under Biden's watch
Reeee EeEeeEEE Trump's fault
Re: (Score:2, Insightful)
- Free money stops under Biden's watch
Re: (Score:2)
Re: Let me guess... (Score:-1, Troll)
Re: (Score:2, Insightful)
wtf is wrong with you? seriously, you setup a whole series of strawmen and lies in order to what? feel good about yourself?
pathetic.
Re: Let me guess... (Score:2)
It's all they have left. Their orange god failed, leaving them stuck with deficits of both moral and fiscal authority.
Re: Let me guess... (Score:1)
Re: Let me guess... (Score:2)
Re:Let me guess... (Score:5, Insightful)
Re: (Score:2)
Re: (Score:1)
Your selective hearing has progressed to deafness. Democrats give free money to corporations as well.
Gee, its almost like both parties are controlled by large corporate donations and the spin they put on their anti-citizen actions is just propaganda and bluster.
Almost...
Re: (Score:2)
Once again, its not your money. The government doesn't "give money" to people through tax reductions. Instead, it steals less.
Sorry about Foxconn, but I guess the issue was, perhaps, if Trump supporters and BLM activists decided to hit the books and learn how to do something useful, instead of begging the Feds for crap, they'd all be better off.
Re:Let me guess... (Score:5, Insightful)
Trump gets snookered into signing a disadvantageous deal and bombastically brags about what a great deal maker it is
Company barely follows through on the deal, since it makes little economics sense. They do the bare minimum to satisfy Trump's need for propaganda and photo ops
Eventually, company formally announces deal is off when there is no longer a Trump to snooker.
This is a story of a naive President trying to make "deals" with companies that appeal to his base but ends up well out of his depth in the game of international chess. He got had by a corporation.
Re:Let me guess... (Score:5, Informative)
Indeed. Trump fucked this up. The steam of failure started pretty much with the bombastic lies he told about this project. Here are a few /. stories from 2019, where, e.g. the limit to 1500 jobs was already known:
https://news.slashdot.org/stor... [slashdot.org]
https://news.slashdot.org/stor... [slashdot.org]
https://news.slashdot.org/stor... [slashdot.org]
Re: (Score:3)
Re:Let me guess... (Score:5, Informative)
Trump gets snookered into signing a disadvantageous deal and bombastically brags about what a great deal maker it is
To be fair, Trump never signed anything. The idiot behind this deal was Scott Walker.
Re: (Score:3, Insightful)
Trump gets snookered into signing a disadvantageous deal and bombastically brags about what a great deal maker it is
To be fair, Trump never signed anything. The idiot behind this deal was Scott Walker.
Trump got publicity,
Foxconn got money,
Wisconsin taxpayers were left holding the bag and
Scott Walker got booted from office,.
Considering that Trump only cares about himself, I would consider this one a win for him.
Re: (Score:2)
Trump is always a cheerleader, this means he can always deny stuff later. If you asked him how he was going to fix the economy he would point to Foxconn and other "deals" he made, even when he wasn't really involved beyond shaking hands and having photo ops. If Foxconn deal *had* worked out, do not doubt that Trump would have taken 100% personal credit for it.
Re: (Score:2)
what I dont get is a Taiwan company manufacturing in china, given the recent and growing global threats china has made toward Taiwan. If things keep going the way they are, first I suspect china will seize that factory, and try to broker deals with Apple as well as others, so we can see just how bad our american companies surrender to the mighty dollar above all forms of morality or sense of right and wrong. Then as things heat up further I suspect china will embargo Taiwan to force a surrender possibly eve
Re:Let me guess... (Score:4, Interesting)
That makes some sense at the corporate level if you don't see your existing Taiwan presence as some kind of critical anchor.
But expanding in China might make a lot more political sense for Taiwan and/or Taiwanese businesses if they're trying to project a "we can work together" kind of mindset.
Plus there's the generally lower barriers involved when investing in a country that's close, shares a language and culture and so on, vs. a bunch of Wisco cheese heads.
Even China decides to invade, I'd rather be the Taiwanese businessman who played ball with the CPC, not the one trying to end-around China.
There's also the idea that China might decide that a high level of economic integration and some nominal public political concessions is just less headache than continuous sabre rattling and/or a very painful military situation.
Re: (Score:2)
The case for CN manufacturing has both pros and cons. On the one hand costs are much lower in CN than TW.
On the other hand CN's CPP recognizes no international IP rights and will use whatever it can steal, reverse engineer or buy.
If Foxconn wants a secure manufacturing base it must do so anywhere but CN (or TW). Bottom-line is that if the CPP ever were
to interfere with TW there would be a complete and world-wide boycott o
Re: (Score:2)
Re: (Score:2)
Perhaps because peaceful cooperation and millions of jobs in China depending on Taiwan companies mean that military confrontation is less likely.
Re: (Score:1)
Re: (Score:3)
It's like South Korean animation studious in North Korea, but on a scale.
Investment from Hong Kong and Taiwan poured into Mainland to such an extent past 20 years there wouldn't really be a modern china without it. Poor, and thus more communist china would be a china far more keen to press the territorial claim.
As for getting nationalized, you can nationalize heavy industries and natural resources, but not high technology, as biggest value in there is people and money, whereas high-tech manufacturing line y
Re: (Score:2)
Did Trump sign something? I thought this was a deal between FoxConn and Wisconsin. At best, Trump was a midwife.
Re: (Score:2)
Re:Let me guess... (Score:5, Informative)
The con artist never signed anything (he only signs NDAs in a fake name when having affairs). He did, however, lavish praise on the sycophant Walker who was governor at the time and who never saw a tax dollar he didn't want to spend.
In fact, the con artist said if it wasn't for him, Foxconn wouldn't even have considered building in the U.S. [madison.com]
"Everybody wanted Foxconn," Trump said. "Frankly, they weren't going to come to this country. I hate to say it, if I didn't get elected, they wouldn't be in this country. They would not have done this in this country. I think you know that very well."
So quite obviously this whole deal was on the con artist. He even said so.
It might be simpler to create a list (Score:2)
of projects trump praised himself for that actually did work. It will be a lot shorter than cataloguing all the ones he praised himself for that did not work.
Re: (Score:2)
Re: (Score:2)
That's a breakdown of alternative facts (aka false statements) worthy of a place like Newsmax. It's more like:
Trump gets snookered into signing a disadvantageous deal and bombastically brags about what a great deal maker it is Company barely follows through on the deal, since it makes little economics sense. They do the bare minimum to satisfy Trump's need for propaganda and photo ops Eventually, company formally announces deal is off when there is no longer a Trump to snooker.
This is a story of a naive President trying to make "deals" with companies that appeal to his base but ends up well out of his depth in the game of international chess. He got had by a corporation.
What else is new? That seems to be his modus operandi; he is good at selling Trump but when it comes to actually running a business he is average at best.
Re: (Score:2)
The con artist can't even be considered average. He has 16 failed businesses, his current businesses either don't turn a profit, in the case of his golf courses, or are barely squeaking by. The only one who seems to make out is the con artist himself as he siphons money from those businesses. Warren Buffett once remarked the con artist is the only person he knows who
Re: (Score:0, Offtopic)
And what did investment Wisconsin or the federal government lose in this deal? It's not like we're talking about many hundreds of millions that was indeed provided by the Federal Government, approved and promoted by Oboma, that was blown on solar plants that failed in the US.
https://www.reuters.com/articl... [reuters.com]
https://fortune.com/2015/08/27... [fortune.com]
Trump didn't get snookered (Score:3)
Re: (Score:3)
It's not just Trump. Many politicians have an attitude that one new plant will save everything, and that anyone losing a plant during their term need to be voted out. One plant will never solve anything! Ten plants, then start crossing your fingers about a turnaround. But, one plant can serve as a "please vote for us!" symbol.
Not the only time of being snookered though. Trump praised a company for deciding to keep some jobs in the US while ignoring that they offshored a different set of jobs simultaneo
Re: (Score:2)
Re: (Score:2)
+1, Informative.
Too bad I already posted.
Re: Let me guess... (Score:2)
From the linked-to story:
Foxconn noted that since 2017, it has invested $900 million in Wisconsin, including several different facilities in the state.
The state has already spent more than $200 million on road improvements, tax exemptions and grants to local governments for worker training and employment, according to the records obtained by Wisconsin Public Radio.
Foxconn invested $900M, the state $200M, some of which are tax exemptions for tax revenues they weren't previously receiving, but lets count them.
Foxconn is on track to create about 1,400 jobs in Wisconsin after scaling back to current levels of investment - that's pretty good, remember these jobs are concentrated in one facility not dispersed across the state or country, that's a significant number.
That has a net effect of pulling at least 1,400 people off public assistance, puts m
Re: (Score:2)
That has a net effect of pulling at least 1,400 people off public assistance, puts money in their pocket, and helps their community grow.
This presumes that every person Foxconn hired was on public assistance. If you take a look at the job ads Foxconn is posting, to get a $17/hour job at their factory they require at least 3-5 years electronic assembly experience. Other jobs require 5+ years warehouse experience.
It might be safe to assume a small number of these people were on public assistance or unemployment etc, but with the experience requirements most of these people are likely already employed and looking to change jobs.
At the
Re:Let me guess... (Score:5, Informative)
You're right: It wasn't Trump's fault.
This alleged "deal" was put together by *local* Republican idiots. Trump just parachuted in to take credit at the end.
The "deal" didn't fail under anyone's watch. It essentially never existed. Foxconn never had any intentions of implementing whatever vague promises they gave to the local Republican idiots. See: The other countrries where they set up a similar smoke screens.
Re:Let me guess... (Score:5, Insightful)
You're right: It wasn't Trump's fault.
This alleged "deal" was put together by *local* Republican idiots. Trump just parachuted in to take credit at the end.
He put his stamp of approval on the deal so he owns it. He had the levers of power at his disposal to make sure that Foxconn followed through. He just didn't care to do the work after he got the photo op.
Re:Let me guess... (Score:5, Informative)
Obviously that didn't happen, and to prevent them from getting amnesia along the way I kept bringing it up. "How's that magical super factory doing?" and so on, to wit they made excuse after excuse, but couldn't deny it wasn't anywhere near targets. When Guv'nor Walker lost, a couple tried to use Evers as the reason the factory was going down. Nope, we talked about it failing to meet goals well before this bucko. The rest tacitly admitted it wasn't working out. Not overtly mind you because Conservative policies can never fail, they can only be failed by not being conservative enough. They still tried to deflect blame to those durty demonrats.
Here's another example of complete Republican WEDC incompetence buckos. They also handed money out to Kestrel Aircraft. Many
Then let us not forget those great Republicans who personally said this deal was (in the words of Tony the Tiger) Gr-r-reat! for Wisconsin: Speaker Robin "I am an idiot who can't read or do math." Vos, Senate Leader Scott "I am an incompetent who doesn't understand what a good deal is." Fitzgerald, and finally Scott "I couldn't negotiate my way out of a paper bag." Walker. President Trump merely swooped in thinking he could get some of the glory. Of course this means that President Trump, and his staff, are complete morons because they 1) didn't look at the deal at all, and/or 2) thought it really was a good deal showing their utter incompetence in business AND government.
In the end the FoxConn "deal" was a massive wealth transfer from the state Republicans to a foreign private corporation. That on top of screwing with local governments who now are on the hook for development costs related to the non-existent factory complex they thought would be coming. Let's not forget all the land taken from people in the area where the factory was going, some of whom had just built new homes.
Republican government at it's finest: Socialize the risk, privatize the profits, and I wouldn't be surprised if there was more than a little graft in there to enrich themselves along the way.
Re: (Score:2)
Bravo! Well done. This is exactly as it went down.
Re:Let me guess... (Score:4, Informative)
> In the end the FoxConn "deal" was a massive wealth transfer from the state Republicans to a foreign private corporation
In the end the FoxConn "deal" was a massive wealth transfer from the state taxpayers to a foreign private corporation
FTFY.
Re: (Score:2)
You're right: It wasn't Trump's fault.
This alleged "deal" was put together by *local* Republican idiots. Trump just parachuted in to take credit at the end.
Donald Trump disagrees and says it was all his fault:
"I hate to say it, if I didn't get elected, they wouldn't be in this country. They would not have done this in this country. I think you know that very well," - Trump
https://www.npr.org/2018/06/28... [npr.org]
Re: (Score:3, Informative)
- $10B deal put together under Trump's watch
- Deal fails under Biden's watch
Reeee EeEeeEEE Trump's fault
You are a damned liar. The project had already failed years ago, under Trump. This is just the latest escalation step of Trump's failure.
Re:Let me guess... (Score:5, Interesting)
It is too dumb to be a lie (since we've been watching this deal founder for years)--but it is a strained attempt to spin this defeat away from its architects.
American conservatives have given up on victories after about a solid year of policy and electoral failure. Covid was worse than they said, the various MAGA medications proved ineffective while masks proved their worth, Biden won, the claims of fraud turned out to be a conspiracy theory grift, the Warp Speed vaccines were delivered just in time to help Biden, a policeman was convicted of homicide merely for kneeling on a man's neck until he died (and a little after), and to top if off: Blacks failed to riot like these people predicted and hoped.
Yesterday a conservative friend triumphantly shared a story indicating that the Capitol Hill Police officer who died battling insurrectionists died of a stroke rather than injuries. But even this minor victory (media wrong, rightists slightly less murderous than previously thought) is part of a larger and shameful defeat.
America's manufacturing sector can actually be willed into existence, but it would require vision and investment beyond providing insane tax incentives for a single company to build a single product.
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Pretty much, yes. I do get that any republican with at least some personal honor and integrity and at least some connection to reality is deeply ashamed now. Most are obviously still in denial and desperately look for any angle that makes "their" government not look so abysmally bad as it was. Lets hope that most do not take too long to come out of it, because that would be very bad for the US. In the end, only facing reality and facts can lead to problem solving. And who knows, maybe in a decade or two the
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You losers are pathetic.
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You scared that Kamala is going ring your doorbell and then proceeded to rough you up until you agree to rooftop solar panels?
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Sorry your pee pee is so small
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Re: Let me guess... (Score:4, Informative)
Consider alcoholism or prescription drug abuse as a healthy supplement to your #MAGA lifestyle.
Also, cry more. Maybe that'll help.
kewl story bra (Score:0)
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Yes, it must be that...
If you still haven't caught on that Trump is just a scam artist with an Ego the size of a fucking galaxy, there is not much I can do for you.
Re:Let me guess... (Score:5, Interesting)
This unfortunately is more of a generally failure of the idea that we can bribe employers to move to a state. If the economics make sense, then the employers will set up in the area. Bribes just distorts the free markets.
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This unfortunately is more of a generally failure of the idea that we can bribe employers to move to a state. If the economics make sense, then the employers will set up in the area. Bribes just distorts the free markets.
Worse than that, the bribes just don't work and create nothing but repeating blackmail. A better idea is to ensure that you have an educated populace and supporting infrastructure for business. To attract the best employees that business should also want good schools, housing, and transportation options. Don't chase unicorns, or manipulators, chase definable goals so when a serious employer looks they see you have the land / services / employable population / et al. necessary to support various businesses.
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Stop it. Everyone knew the day the deal was signed that it was fake posturing to get what they wanted. They waited out Trump's term because he really believed them. It probably took them from January to renegotiate their deal with Wisconsin.
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- $10B deal put together under Trump's watch>- Deal fails under Biden's watch
The deal fell apart long before. This is just the obituary notice.
Say, you should read Slashdot-- it had covered the deal extensively.
https://yro.slashdot.org/story... [slashdot.org]
https://news.slashdot.org/stor... [slashdot.org]
https://slashdot.org/story/20/... [slashdot.org]
https://news.slashdot.org/stor... [slashdot.org]
Re: Let me guess... (Score:3)
The deal was already failed long before Biden won the election in November 2020. Foxconn never built anything like what they promised.
When the deal was first made, it was pointed out that Foxconn had a history of making deals for tax breaks and credits and then not delivering. Regrettably, Wisconsin leaders were willing to ignore Foxconn's record.
So, you simply cannot blame any of this on Biden. He was not involved in either the first contract nor in the modified contract.
Next time take a moment to se
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Trump and Biden are irrelevant here. This was/is a state and local government issue.