TRUMP’S “INCREDIBLE” FOXCONN DEAL TURNS OUT TO BE A ANOTHER MASSIVE CON JOB

for The New Yorker, illuminates some of the many ways that the Foxconn deal will screw Wisconsin locals for years to come:

The deal will cost taxpayers more than $4.5 billion in subsidies, but because manufacturing companies in Wisconsin are already exempt from paying taxes, “Foxconn, which generated a hundred and fifty-eight billion dollars in revenue last year, will receive much of this subsidy in direct cash payments from taxpayers”—the largest subsidy given to a foreign corporation in U.S. history

If Wisconsinites ever see a return on their investment, it’ll be in 2042 at the earliest, according to analysis from the nonpartisan Legislative Fiscal Bureau

Good old Scott Pruitt did Foxconn a solid by “overrul[ing] the objections of his staff to grant most of southeastern Wisconsin an exemption from limits on smog pollution” so the plant can poison the air to its heart’s delight

The company has been granted special court privileges by the state legislature, like the ability to make numerous appeals of unfavorable rulings in a single case

The town’s Village Board of Trustees has been using eminent domain to expel obstinate homeowners, forcing them to “sell at a price determined by the village.” They’ve been able to do so by decreeing the 2,800-acre area around the plant “blighted,” a designation typically reserved for property that is “detrimental to the public health, safety, or welfare,” but which the board has extended to include property that “impairs or arrests the sound growth of the community”

Another day, another scam with these people.

The earliest citizens might see a return on their Foxconn investment is in 2042. The cost is estimated at eighteen hundred dollars per household They took land from people who didn't want to sell through eminent domain, infuriating that entire corner of the state Wisconsin, please vote this monster out today.

What a rip off.

And yet I saw a Republican on TV just last night touting FoxConn as one of Trump's great accomplishments. This was after the company had announced it would employ only 3,000, not 13,000 as originally promised, so he knew damn well the deal was a bust.

Sad and disgusting. My reaction to much of what 45 does and what has happened under his presidency.

Not only are they hiring 10,000 less people than promised. But they are also are bringing in some Chinese workers rather than hiring people from Wisconsin

Everything Dump touches turns to Scheisse!

Scott Walker needs to be in prison.

I'm wondering if this is retaliation by China? I know Foxconn is technically a Taiwanese company but they are obviously in bed with the Chinese government.

R10 I saw listened a podcast from last year that showed a dozen times Foxconn has done this. It's their business model. Go to a place, promise billions of dollars in investment to get a bunch of free perks. Make sure the constructions isn't slated to start for years, and over that time slowly roll back the investment promises. They have been doing this scam for decades now. They just needed a particularly stupid governor to pull it off here

Sum Ting Wong.

Ho Lee Fuk

There will be no Foxconn facility or business in the U.S.

Labor is too expensive and they employ Chinese slave labor.

You voted for Scott, this is what you got.

Now they're saying it's back on due to a phone call from Trump. I have no doubt he'll fuck that up too.

More than likely what will happen is Foxconn will just quietly do what they intended to do and wait for Trump to be out of office/the tax benefits to kick in.

Not only does everything he touches turn to scheisse R8, but he spends an inordinate amount of time polishing it to dazzle idiots.

[quote]More than likely what will happen is Foxconn will just quietly do what they intended to do and wait for Trump to be out of office/the tax benefits to kick in.

Even after the phone call, Foxconn was still pretty vague and lacking specifics. They did not commit to anything.

I hope the voters of WI realize their mistake in electing Walker and a GOP legislature. Pay attention, people!

I know, let turn this mess into the biggest DOLLAR GENERAL STORE IN THE WHOLE UNIVERSE!