Foxconn backing off it's promises

Blueneck

Former Staff
Jun 2007
54,370
41,236
Ohio
#11
Smart Republicans and Democrats saw this coming from a million miles away. The Wisconsin taxpayer was going to be left holding the bag regardless of whether Foxconn created those jobs or not, but the hurt just got worse. They’ve done it before but this is on a grander scale.
I'm pretty sure all these engineering and research jobs will dry up too. Or they'll hire people from other countries using the excuse that their aren't enough Americans to fill the positions.
 

StanStill

Former Staff
Dec 2013
12,801
14,325
Work
#14
I’m just trying to imagine how many startups could have used the money Walker threw at Foxconn? Money for Infrastructure and education could have been used throughout the entire state, not just a small section in iSoutheastern Wisconsin.
But that would be interfering in the free market!

Talk to the Invisible Hand...



Guess I'm mixing metaphors here...
 
Likes: Blueneck
Mar 2012
56,305
37,878
New Hampshire
#15
Here we go..

Republican leaders of the state Legislature are blaming Democratic Gov. Tony Evers for Foxconn's reported decision to consider dropping its plans to build a $10 billion LCD panel manufacturing facility in Racine County. ..."We don’t blame Foxconn for altering plans in an ever-changing technology business. It’s also not surprising Foxconn would rethink building a manufacturing plant in Wisconsin under the Evers Administration," Assembly Speaker Robin Vos and Senate Majority Leader Scott Fitzgerald said in a joint statement about the company's plans. On the campaign trail, Evers was critical of the deal struck with Foxconn and at one point planned to eliminate the state jobs agency. Evers did say he hopes Foxconn is “good corporate citizens” of Wisconsin, but the state will have to “hold Foxconn’s feet to the fire going forward.”

Wisconsin GOP lawmakers blame Tony Evers for Foxconn's changing plans
 
Jun 2007
19,858
10,093
Wisconsin
#16
Here we go..

Republican leaders of the state Legislature are blaming Democratic Gov. Tony Evers for Foxconn's reported decision to consider dropping its plans to build a $10 billion LCD panel manufacturing facility in Racine County. ..."We don’t blame Foxconn for altering plans in an ever-changing technology business. It’s also not surprising Foxconn would rethink building a manufacturing plant in Wisconsin under the Evers Administration," Assembly Speaker Robin Vos and Senate Majority Leader Scott Fitzgerald said in a joint statement about the company's plans. On the campaign trail, Evers was critical of the deal struck with Foxconn and at one point planned to eliminate the state jobs agency. Evers did say he hopes Foxconn is “good corporate citizens” of Wisconsin, but the state will have to “hold Foxconn’s feet to the fire going forward.”

Wisconsin GOP lawmakers blame Tony Evers for Foxconn's changing plans
They are so fucking disingenuous. They could give two shits about the Wisconsin voter.

Foxconn just didn’t decide to stop their manufacturing plans because Evers was elected in November. This was in the making for quite some time and these idiots were clueless.
 
Likes: Friday13
Jun 2007
19,858
10,093
Wisconsin
#18
How much you want to bet Trump will be using this at rallies for 2020? I can see it now.
Good lord I hope so. There’s a lot of pissed off voters in Wisconsin right now. I don’t think they’ll be targeting Evers either. Vos and Fitzgerald are rats and they are cornered, but they in their minds are justified. They’ve gerrymandered the state in their favor so they can say what ever they want without fear of being voted out.
 
Feb 2010
34,191
24,004
between Moon and NYC
#19
Here we go..

Republican leaders of the state Legislature are blaming Democratic Gov. Tony Evers for Foxconn's reported decision to consider dropping its plans to build a $10 billion LCD panel manufacturing facility in Racine County. ..."We don’t blame Foxconn for altering plans in an ever-changing technology business. It’s also not surprising Foxconn would rethink building a manufacturing plant in Wisconsin under the Evers Administration," Assembly Speaker Robin Vos and Senate Majority Leader Scott Fitzgerald said in a joint statement about the company's plans. On the campaign trail, Evers was critical of the deal struck with Foxconn and at one point planned to eliminate the state jobs agency. Evers did say he hopes Foxconn is “good corporate citizens” of Wisconsin, but the state will have to “hold Foxconn’s feet to the fire going forward.”

Wisconsin GOP lawmakers blame Tony Evers for Foxconn's changing plans
Life isn't simple. Business decisions can be complex. Suspect the truth lies somewhere between the two sides slinging stones at each other.

From a practical perspective. Can only hope there were conditions written into the incentives/subsides contracts between Wisconsin and Foxconn. If Foxconn doesn't come up with all their promises then the incentives should be reduced accordingly. Pretty basic contract fundamentals.




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Feb 2010
34,191
24,004
between Moon and NYC
#20
Remember those Republican lawmakers & the president with their golden shovels at the Foxconn groundbreaking ceremonies in Wisconsin? Turns out all those manufacturing jobs may not be created after all.



Exclusive: Foxconn reconsidering plans to make LCD panels at Wisconsin plant | Reuters

And don't forget this was part of the deal:



'"Makers and takers" on steroids. We're being taken everyday by our elected politicians who choose to take our hard earned pay and give it to their wealthy friends & we get squat in return.

Please let this become a campaign issue!
Was living in Illinois at the time Foxconn was making the decision of where to locate the plant. Illinois lawmakers and Chicago politicians were pushing hard to with incentives to lure them into Illinois. Lot of moaning when we lost the plant to Wisconsin.

This wasn't a GOP or Democrat thingy. Both parties were/are heavily motivated to attract jobs to their particular states.


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