Trump deal for Wisconsin Foxconn factory cost taxpayers $4 billion, and it is already downsizing

[Miles Archer]

Trump deal for Wisconsin Foxconn factory cost taxpayers $4 billion — and it is already downsizing



https://www.rawstory.com/2018/06/trump-deal-wisconsin-foxconn-factory-cost-taxpayers-4-billion-already-downsizing/

On Thursday, President Donald Trump boasted about his triumphant arrival in Milwaukee, Wisconsin, to celebrate the opening of the Foxconn plant, an electronics giant that’s promised to bring thousands of jobs to the state.

“I am in Milwaukee, Wisconsin, for meetings. Soon to leave for a big groundbreaking for Foxconn, which is building a great new electronics plant in Wisconsin. 15,000 Jobs, so great!” he tweeted.

The Foxconn plant opening has drawn skepticism from economic analysts who suggest that the $4 billion package of incentives from state and local officials is not the best use of resources.

There are also concerns that the projected job growth might be overblown.

[Iliyah]

1. Do the people of WI know about this?

RW propaganda machine won't ever tell the truth.

[kacekwl]

4. Sure they do but

Trump,trump,USA,USA..... As long as none of them brown folks get a job there.

[Wounded Bear]

2. "There are also concerns that the projected job growth might be overblown."

Ya think?

[ProfessorGAC]

3. Feel The Same, Bear

That's a job for every 360 people in Wisconsin.

On top of that, their current numbers show only 89,200 people unemployed in the state, so this one company is planning to hire 17% of everyone currently unemployed , and lower the UE rate to 2.33%?

No economist without a prior agenda would believe those numbers for a second.

[Big_K]

6. They're going to pull in Illinois workers too...

... since Foxconn about 20 minutes across the border, and they are fixing/upgrading I94 so they'll have a smooth ride there.

That those jobs are going to Wisconsin-ites is BULL. Plus job numbers and the "average" salary includes all the execs and programmers they're bringing in from China.

[ProfessorGAC]

7. And The 15,000 Number is Still BS

What you say makes sense, but:

That's even if we include the far north parts of IL. And the UE rate in the northeast octant of IL is already super low. (Admitting, of course, that the population of that area is VERY high.)

I'd bet $20 that they will never approach 15k jobs. (And i'm not a betting man!)

[Wellstone ruled]

5. That should be interesting,

Walker has wrecked their Tax Base and were do these people thing they can raise and money just to cover Bonding Costs or Interest payable by Tax Pledge needed to pay back these bonds.